Originally posted by AddiX
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Waddell investment down to the last 82M? OUT of (521M)
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Originally posted by WBC WBA IBF View PostEpic disaster? HBO's boxing budget has been slashed to under 20 million, while FOX and SHO are both committing over 60 million each to PBC.
Showtime showing pbc fighters isnt anything new. Its the same crap they've been doing for years except now with the pbc banter. Also going from cbs, spike, bounce, and fox to just fox really shows they accomplished alot
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Originally posted by Teetotaler View Postyour a ****ing ***.
Showtime showing pbc fighters isnt anything new. Its the same crap they've been doing for years except now with the pbc banter. Also going from cbs, spike, bounce, and fox to just fox really shows they accomplished alot
So Haymon now has all of the SHO budget, the SHO budget has doubled, and now FOX has jumped in and matched SHO's budget as well.
Meaning Haymon managed to more than quadruple what is being paid for the rights to his fights now.
In every conceivable way, the PBC experiment turned out to be an overwhelming success.
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Originally posted by WBC WBA IBF View PostBefore PBC, SHO's budget was half of what it's going to be now and Haymon had to share the budget with promoters that weren't under his umbrella.
So Haymon now has all of the SHO budget, the SHO budget has doubled, and now FOX has jumped in and matched SHO's budget as well.
Meaning Haymon managed to more than quadruple what is being paid for the rights to his fights now.
In every conceivable way, the PBC experiment turned out to be an overwhelming success.
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hahah the EE/UK/Klansmen are in a tizzy....panties all knotted up
uncle al still winning....uncle al far from dead....
meanwhile hearn is coming armed with Katie taylor, demterius Andrade and povetkin to take over the US!!!! But wont put his prized pet in with the US WBC HW champion!!
kovalev got ruined....golovkin still yet to beat a jr mw champ convincingly(and might lose rematch).......its been rough times for that crowd lol
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Originally posted by WBC WBA IBF View PostBefore PBC, SHO's budget was half of what it's going to be now and Haymon had to share the budget with promoters that weren't under his umbrella.
So Haymon now has all of the SHO budget, the SHO budget has doubled, and now FOX has jumped in and matched SHO's budget as well.
Meaning Haymon managed to more than quadruple what is being paid for the rights to his fights now.
In every conceivable way, the PBC experiment turned out to be an overwhelming success.
Look at the investment and look at the return, sure Haymon and the boxers have done very well from it but what about the business itself the investors have they done so well? Clearly not, they invested almost a billion over 5 years which has seen that money used up and what are they getting in return? 60 mill a year budget from FOX and whatever Showtime throw in doesn't compare to the money they have spent so far to get PBC up and running.
But PBC is up and running and no longer requires the investment fund to bank roll it's operation now networks like Showtime and Fox and funding it. That is where PBC has succeeded.
But it's still a long way off from being a profitable business for it's investors but if it does start running at a profit later on down the line then it would be seen as a success. But even then I doubt many of them will think it was a worthwhile investment unless big sums of money start rolling in as their investment could of done better elsewhere in a business with a higher EVA score.
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Originally posted by DramaShow View Postdont tell me you typed that with a straight face
Before PBC, that would have been considered absolutely impossible.
The goal of PBC was to grow the pie so Haymon Boxing wouldn't be at the mercy of Showtime and handcuffed by their relatively small budget.
Now Showtime has a massive budget and that budget essentially doubles now that Fox has matched it. So yes, the PBC experiment ended up being a huge success.
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Originally posted by Rubber Ducky View Postthey invested almost a billion over 5 years which has seen that money used up
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