Waddell investment down to the last 82M? OUT of (521M)

[aldo5408]

This guy from reddit say this, any investment bankers or economist here that can give their opinion? ? Or lawyers
COMMENTSRELATED
ALDO5408
Waddell & Reed's Investment in Haymon: $82 mil. remaining (of $521 mil.) as of December 31, 2015 self.Boxing
submitted 7 minutes ago by jimwilson128
Building off of my last post of the Q3 results from the mutual funds managed by Waddell & Reed that invested in Haymon:
Acquisition cost (initial value) of combined investment: $528,481,000
Market value of combined investment as of September 30, 2015: $214,288,000
Market value of combined investment as of December 31, 2015: $82,354,000
To date, the investment made into Media Group Holdings, Series H (which invested in Haymon Boxing) by the three Waddell & Reed funds (Ivy Asset Strategy, Ivy VIP Asset Strategy, Waddell & Reed Advisors Asset Strategy) has lost 84% of its value. At this rate, the investment will be worth zero dollars by the end of February, which implies that Haymon will run out of funding at that time

[aldo5408]

If this is true I wonder what haymons plan. Was all along?

Was it just to rape Waddell?

[HanzGruber]

Plot twist: waddel and reed are secretly funding isis, haymon found out and created pbc to sabotage their money

God bless al haymon

[lizard_man]

where the f did all the money go? the purses were only 1.5 mill at the most. How much has he been paying for air time? did he use some of that money for the Golden Boy settlement and buying out some of the Golden Boy contracts?

[Jsmooth9876]

Who cares. Nobody watches boxing anymore anyways. The numbers show it.. The hardcores will watch but mediocre matchups wether free or not will not bring back the casuals.

Back to showtime and HBO with he occasional PPV and hopefully better matchups

[big_james10]

This guy from reddit say this, any investment bankers or economist here that can give their opinion? ? Or lawyers
COMMENTSRELATED
ALDO5408
Waddell & Reed's Investment in Haymon: $82 mil. remaining (of $521 mil.) as of December 31, 2015 self.Boxing
submitted 7 minutes ago by jimwilson128
Building off of my last post of the Q3 results from the mutual funds managed by Waddell & Reed that invested in Haymon:
Acquisition cost (initial value) of combined investment: $528,481,000
Market value of combined investment as of September 30, 2015: $214,288,000
Market value of combined investment as of December 31, 2015: $82,354,000
To date, the investment made into Media Group Holdings, Series H (which invested in Haymon Boxing) by the three Waddell & Reed funds (Ivy Asset Strategy, Ivy VIP Asset Strategy, Waddell & Reed Advisors Asset Strategy) has lost 84% of its value. At this rate, the investment will be worth zero dollars by the end of February, which implies that Haymon will run out of funding at that time

In February 2017, when pbc is still going strong and announce their biggest and best fights to date, the clown who wrote this cap and others who make these same ridiculous claims every month will become as quiet as a church mouse.

[Clegg]

Just to be clear, this is just something that was posted on reddit by a random/anonymous person and so could be (is?) 100% untrue?

[deanrw]

I cannot see how it could be down that low. Oh well I guess we will know soon enough

[lizard_man]

it's weird though. The account manager at Waddell and Reed who made the initial investment with Haymon Boxing now works at with....you guessed it, Haymon Boxing. I don't know if Al and the dude were friends before they made the deal and they worked together to swindle the money from Waddell and Reed.

OR he might have gotten fired after Waddell and Reed decided it was a bad investment on his part and they're just taking it as an L. He probably went crawling to Al and he hired him to thank him back for giving him half a billion dollars

[aldo5408]

Just to be clear, this is just something that was posted on reddit by a random/anonymous person and so could be (is?) 100% untrue?

My source has no reason to lie
He was correct about the first 6 months