Al Haymon plummet $434 million in a single year?

[Scipio2009]

so how do you reconcile the fact that Haymon (the manager) has a fiduciary duty to maximize the revenue to the fighters he represents, yet he also has a fiduciary duty to Waddell & Reed to maximize the revenues of PBC? He cant do both, as they are opposing interests

Care to explain how that conflict of interest gets dealt with?

PBC is a television property; on a different scale but no different than Game of Thrones.

Haymon's responsibility to his fighters is to advise the right fight and maximize the value of said fight, and Haymon's responsibility to W&R is to maximize the value of the PBC property to a prospective broadcaster (how does boxing draw in the 18-54 demo, noting the strength on FS1 of Toe-to-Toe Tuesday, and putting on fights/fight cards that capture the attention of the sports audience [throughout the entire project, the audiences for the broadcasts generally do a good job of growing as the show was still on]).

W&R seem to trust Haymon's vision, they see what the value of sports properties have done (with live sports being the only thing that you can't really DVR, bringing out advertisers if the desired audience is there), and they saw the UFC get $700m for 7 years of programming (while still keeping their 12 biggest fight cards for themselves on PPV).

W&R is playing a long game; we still need to see what that first content deal looks like, but the PBC sports property could end up being worth $1b rather quickly if things prove out.

[bopbopbbe]

Haymon quite literally ruined boxing. He good for the sport doe.

[Hype job]

Oscar did rock the boat which was really dumb on his part because all he had to do was either shut up and count his share for minimal work (and keeping Canelo in the fold) or sold out for a ton of money. I will never get why he pulled what he pulled and that set Haymon back years because GBP was a real brand which his main guy (Floyd) really helped to build. Not like Oscar has really done great things since or made a bunch of fights with Arum which was kind of his goal.

Now they have to build a new brand without Floyd fighting which is much harder to do. Without Schaeffer who is one of the top boxing guys, I like PBC and I couldn't tell you their top boxing man after Haymon actually in PBC not a promoter on the outside like DiBella, that is a real problem. One that is not that hard to solve either, which is why it is puzzling that is hasn't been fixed even the tiniest little bit.

Are you a boxing fan or a fan of promoters?

[OnePunch]

A bit of background for anyone trying desperately to use ad hominem attacks:

For those that don't know who Paul Gift is, he's got a PhD in Economics and is an associate professor at Pepperdine University.

He does a lot these 'types' of articles for MMA. Regarding UFC finances, Fighters Union etc.

I'd probably take this article seriously...

Credentials dont matter. If he's critical in any way of PBC, then he's obviously a racist hater who doesnt want a black man to succeed and he DKSAB.........

[OnePunch]

PBC is a television property; on a different scale but no different than Game of Thrones.

Haymon's responsibility to his fighters is to advise the right fight and maximize the value of said fight, and Haymon's responsibility to W&R is to maximize the value of the PBC property to a prospective broadcaster (how does boxing draw in the 18-54 demo, noting the strength on FS1 of Toe-to-Toe Tuesday, and putting on fights/fight cards that capture the attention of the sports audience [throughout the entire project, the audiences for the broadcasts generally do a good job of growing as the show was still on]).

W&R seem to trust Haymon's vision, they see what the value of sports properties have done (with live sports being the only thing that you can't really DVR, bringing out advertisers if the desired audience is there), and they saw the UFC get $700m for 7 years of programming (while still keeping their 12 biggest fight cards for themselves on PPV).

W&R is playing a long game; we still need to see what that first content deal looks like, but the PBC sports property could end up being worth $1b rather quickly if things prove out.

you keep ignoring the fact that not only does UFC have the vast majority of the MMA market cornered, they also contractually own all the fighters. PBC has neither a cornered market, nor any talent under contract.

[Scipio2009]

A bit of background for anyone trying desperately to use ad hominem attacks:

For those that don't know who Paul Gift is, he's got a PhD in Economics and is an associate professor at Pepperdine University.

He does a lot these 'types' of articles for MMA. Regarding UFC finances, Fighters Union etc.

I'd probably take this article seriously...

Paul Gift has no idea what type of TV revenues that PBC has brought in after spending W&R's investment money.

PBC, since the start, has put on 85 televised fight cards; that's 85 Cororna sponsorships, at least 800 mins worth of 30-second commercial spots, different sponsorships for the in-fight promo bits, and at least a few hundred fight broadcasts sold internationally.

For a PhD and associate professor, to go out and right what he wrote was a bit disingenuous to the conversation

[Luilun]

Just show's he's a hyped up business Man he's more likely a fraud scam artist

[Boxfan83]

you keep ignoring the fact that not only does UFC have the vast majority of the MMA market cornered, they also contractually own all the fighters. PBC has neither a cornered market, nor any talent under contract.

In order to do this (right now) PBC would basically have to go heads up with all these other promoters and hope their guys come out on top. With the UFC it was a lil different and still is, we know/knew UFC fighters were better than Strikeforces and Bellators and the few that were better eventually jumped ship because their company was cornered. If PBC went heads up with Top Rank right now theyd stand a good chance of losing, if they wait it out, they might do the same thing UFC did to strikeforce and take the last of the talent when cornered.

[Hype job]

Paul Gift has no idea what type of TV revenues that PBC has brought in after spending W&R's investment money.

PBC, since the start, has put on 85 televised fight cards; that's 85 Cororna sponsorships, at least 800 mins worth of 30-second commercial spots, different sponsorships for the in-fight promo bits, and at least a few hundred fight broadcasts sold internationally.

For a PhD and associate professor, to go out and right what he wrote was a bit disingenuous to the conversation

Haymon's groupies in da building !

[Scipio2009]

you keep ignoring the fact that not only does UFC have the vast majority of the MMA market cornered, they also contractually own all the fighters. PBC has neither a cornered market, nor any talent under contract.

PBC and Haymon Boxing are, in essence, one and of the same (have no idea what the actual contract looks like, but I doubt that W&R would risk their money without having some tie-in with Haymon.

Talent for talent, Haymon has access to more sheer talent than any other promotional outfit/broadcaster (with Haymon's relationship with Eddie Hearn, and a seemingly budding relationship between Lou DiBella and Roc Nation, the Haymon orbit seem to always get bigger).

PBC is the television platform for Haymon Boxing and other Haymon-affiliated promoters/fighters; do you earnestly believe that Haymon would, or could, walk away from the PBC effort with all of the talent?