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

[Scott9945]

Bankruptcy? Ahahahahaha you cant be that ****** can you?

Well... maybe you can, this IS a boxing forum lol

Yeah, a company that is steadily losing money going bankrupt. How can that possibly happen?

[PKing]

Mayweather-Pacquiao and Canelo-Cotto were PBC events?

LOL... just LOL

[Pac=Duran]

LOL... just LOL

How are you gimps still arguing?

PBC is as good as dead. These Waddel and Reed people will see the loses, look at the numbers, and they will have already made a decision to can this **** as soon as possible.

YOu can't lose your investors 90% of what was put in and expect to still be backed by them. It's over. Haymon is just terrible as a business man, he messed up bad.

[bigdunny1]

Mayweather-Pacquiao and Canelo-Cotto were PBC events?

Dude is nuts there are many fights that do better live gates. In addition to those canelo did 3.4m live gate against kirkland. Kovalev vs pascal did over 1m, GGG last fight did 2m. That's 5 fights without even thinking hard. PBC does crap attendance even with all the free tickets they give away but now we can prove it with the live gate figured that were released.

[PKing]

PBC is dead with 7 figure paydays from Spike?

An imminent FOX deal?

An imminent CBS & Bounce deal?

Showtime backing & $300 million in the war chest? Time buys already paid for?

LOL

[Tomjas]

I own a funds management company and from the investor's perspective, PBC looks to be a nightmare.

However, Haymon/Waddell wont care as their returns are based upon FUM/turnover rather than profits.

I assume that investors were attracted to it as a result of previous success with Waddell as it's a terrible concept and hard to imagine that it would fly as a stand-alone deal

Anyway, liquidation would be bad but, in the scheme of things, it's a small fund and hardly the end of the world for Waddell

[PKing]

I own a funds management company and from the investor's perspective, PBC looks to be a nightmare.

However, Haymon/Waddell wont care as their returns are based upon FUM/turnover rather than profits.

I assume that investors were attracted to it as a result of previous success with Waddell as it's a terrible concept and hard to imagine that it would fly as a stand-alone deal

Anyway, liquidation would be bad but, in the scheme of things, it's a small fund and hardly the end of the world for Waddell

PBC = a fly on the wall to W&R. That's a great thing!

[Eastcoast]

Uh oh, PBC getting hit on the other side now.

A NY investment fraud Atty compiling claims against Waddell & Reed told me the losses are part of potential class action suit

— Lance Pugmire (@latimespugmire)

The NY Atty told me these are "mom and pop individual investors, not institutions, damaged by investments," to

— Lance Pugmire (@latimespugmire)

Little old people be happy to know their 401k's were investing into Jermall Charlo's strip club spree.

[aldo5408]

Uh oh, PBC getting hit on the other side now.

A NY investment fraud Atty compiling claims against Waddell & Reed told me the losses are part of potential class action suit

— Lance Pugmire (@latimespugmire)

The NY Atty told me these are "mom and pop individual investors, not institutions, damaged by investments," to

— Lance Pugmire (@latimespugmire)

Little old people be happy to know their 401k's were investing into Jermall Charlo's strip club spree.

Excellent post will green

[KeyboardWarrior]

A lot of opinions on Waddell and Reed