Dan Rafael: 800-900k buys for Mayweather-Maidana

[al-Xander]

Common misconception. Promoter guarantees purse, not SHO. ": People say SHO guarantees Floyd***39;s 32M purse. Since when...?"

— Stephen Espinoza (@StephenEspinoza)

Showtime should have hired Ross Greenburg. Their subscribers are unhappy with this Espinoza guy. He put all his eggs in the Mayweather basket. Non PPV fights have become rarer and rarer. He doesn't do business with any other promoter. GBP is stacked with recognizable names, yet we rarely see them fight each other. They keep recycling Malignaggi and Judah.

Broner, Matthysse, Garcia, Khan, Maidana, Berto, Guerrero, Peterson, Alexander, Lopez, Porter... Most of them are now fighting an average of one fight a year. No one wants to fight Thurman because GBP can only offer undercard money.

It seems it's becoming harder and harder for GBP to make fights among these so-called elites. It's easier if GBP pits them outside of this stable. Garcia's last fight was outside of this group. So was Broner's, Khan, Matthysse, Thurman...

[Robbie Barrett]

WTF is this crap. On one hand they are saying don't believe Schaefer and Espinoza and on the other they are using them as a source.

[croz]

Yes he did

That's not a quote. Is English your first language?

[lfc19titles]

With the news today that Yuriorkis Gamboa might be going to Mayweather Promotions, many people have been asking a number of questions about this organization. First of all, Mayweather Promotions is a limited liability company (an LLC) in Nevada. Being a LLC in Nevada has a bunch of tax advantages including no personal income tax, no corporate tax, no gift tax, and no unitary tax. There are also liability advantages for being located in Nevada including the fact that officers (C-level, presidents, vice presidents, etc.) cannot be sued as an individual for actions tied to the company, except for outright fraud. There are a bunch of business-friendly privacy laws in Nevada as well. I assume that there is some liability and tax advantages for funneling Mayweather's cash through Mayweather Promotions, and that's why it exists.

Now you may have heard either Scott or many other people say that Mayweather promotions is not a licensed promotional company as can be seen here. In Nevada, you have to go through a licensing procedure before the Nevada State Athletic Commission would recognize a LLC which are listed on the NSAC website. Essentially, there is a bunch of paperwork to fill out and there is a sizable fee to pay to NSAC.

It is not a difficult procedure but once you become a licensed promoter, the company becomes responsible for a ton of logistics related to putting on a fight. The promotional company is responsible for paying officials, drug and steroid testing, primary medical insurance for the fighter, making sure an ambulance is at the arena, paying ticket fees, paying television fees, submitting the appropriate paperwork, scheduling the proper events, getting the proper licenses, hire a ring announcer, make sure the fighters have appropriately stocked dressing rooms, a proper scale for the weigh-in, supplying approved gloves, issuing credentials, and giving officials parking passes. Whew, that's a whole lot of stuff, and it's why Mayweather Promotions does not want to become a licensed promoter.

I would assume that Mayweather Promotions would need to hire a bunch of people to make sure all of these logistical issues are appropriately handled. Basically, they would need to have an actual business and I don't think Floyd has any interest in the logistics of a fight.

Whenever a "Mayweather Promotions" fighter like Jesse Vargas fights, the promoter responsible for these logistics is Golden Boy Promotions. This is why Scott and others frequently call Mayweather Promotions a poster and nothing more.

Hopefully this clarifies all the questions surrounding Mayweather Promotions.

Dude logistically it may funnel through gbp but the money and losses come from showime, hence Floyd's contract with Showtime

Floyd basically pays, gbp to be a water carrier, Showtime pay GBP 32m to pass on

Showtime have lost 20m plus from this fight

Gbp are already in ruin with Richard double crossing Oscar and signing guys over to haymon. Floyd will make no ppv bonus in this fight like he never with gur

[Kuyukut]

That's not a quote. Is English your first language?

guys, we have an english professor right here ^^^^^^^

[croz]

guys, we have an english professor right here ^^^^^^^

It's basic English. That's not a quote. Do you know what a quote is? That's the writer's opinion there not a quote.

[Kuyukut]

It's basic English. That's not a quote. Do you know what a quote is? That's the writer's opinion there not a quote.

^^^^^^^^ mr. english professor schooling us here on basic english!

[jcpryor]

^^^^^^^^ mr. english professor schooling us here on basic english!

English as a second or third language confirmed.

[Ragnar Lothbrok]

English as a second or third language confirmed.

so the poster points out incorrect use of the english language and you say that about him?

butt hurt ******ity confirmed.

[Kuyukut]

English as a second or third language confirmed.

here comes mr. ebonics to the rescue.