Al Haymon plummet $434 million in a single year?

[The Gambler1981]

Why would I care about some fan made posting which is what SB nation is, he is using public figures but has no real understanding of what is going on underneath.

There is a lot of assumption going on, there was never going to be profit in year 1, 2 or 3, probably not until after 5 could they even hope of breaking even and maybe making money after 10. That is the sort of game they were playing so even looking at this like oh they did that and this, they are exactly where they are supposed to be in all reality in year 2. Thinking they should be on some different plane making money hand over fist is just not how this sort of thing works, especially when disrupting a whole industry it takes time and money to be effective.

That money needed to be spent, it was there to be spent or burned that was what PBC was supposed to do. They could easily fail and everybody that knew a lick about business said the same thing, but nothing has really changed if they fail in year two their plan was always faulty because their plan was always a long term one to success.

[Boxfan83]

man sit your ass down wth that passive agressive **** man i see right through you and the rest of you hating asses.

just mad that a black man is the most powerful in boxing.

lol he stumped your ass.

[kafkod]

How is that?

Haymon takes a percentage of whatever his fighters earn, and he pays his fighters with his investor's money.

[IMDAZED]

cmon dazed, you cant compare structured team sports with built-in regional fanbases to an individual sport like boxing........

How do you think the NFL came to fruition? There were multiple leagues, then two, now one.

I do agree with you regarding the fanbase aspect. But the real issue with boxing isn't regional, it's that no one from anywhere can see it. That's part of the beauty of having it on network TV. I do think ultimately PBC is going online. Just my two cents.

[Boxfan83]

whats really sad is how few posters are actually upset that there will be less boxing on TV, especially the up and comers.

PBC may not have cred amongst fans when it comes to stars, but they have IMO have been very good at giving lower names exposure.

How is less boxing on TV a good thing to a boxing fan?

Well boxing right now is at a very low point. Itd honestly be better served if every card had a headline fight with prospects on the undercards, not prospects headling on the main events. Sadly though with all these belts, title fights look like prospect fights.

[IMDAZED]

Well boxing right now is at a very low point. Itd honestly be better served if every card had a headline fight with prospects on the undercards, not prospects headling on the main events. Sadly though with all these belts, title fights look like prospect fights.

You can do both. Look at Errol Spence. Fought four times last year, multiple times the year before. Some nights on the undercard, then moved to headlining small cards on smaller networks, then headlining on NBC. And we'll probably see him on CBS/Showtime pretty soon. But I like what you're saying -- I think both can be done.

[Tomjas]

Why would I care about some fan made posting which is what SB nation is, he is using public figures but has no real understanding of what is going on underneath.

There is a lot of assumption going on, there was never going to be profit in year 1, 2 or 3, probably not until after 5 could they even hope of breaking even and maybe making money after 10. That is the sort of game they were playing so even looking at this like oh they did that and this, they are exactly where they are supposed to be in all reality in year 2. Thinking they should be on some different plane making money hand over fist is just not how this sort of thing works, especially when disrupting a whole industry it takes time and money to be effective.

That money needed to be spent, it was there to be spent or burned that was what PBC was supposed to do. They could easily fail and everybody that knew a lick about business said the same thing, but nothing has really changed if they fail in year two their plan was always faulty because their plan was always a long term one to success.

Wrong

It is an investment fund and promises (but not guarantees) a return (i.e. profit) to investors

The investors are not in it for the long term and had/have no intention of waiting around for years before this thing made a profit

Haymon and Waddell & Reed have sold investors down the river on this one and that is why the latter is being sued

More fool them btw as it was a **** idea from the outset

[The Tribe]

What the **** is this rambling nonsense???

If boxing was under one umbrella then that would be a monopoly you
dumb mother****er.

Now if boxing was "1 umbrella" how would that insure matchups between
top guys??
Haymon has lots of top guys in many weights and they don't fight each other now. Why would that change if fighters were under 1 umbrella??

just tell the truth you hate haymon bcause hes a black man who is the most powerful in boxing.

[The Big Dunn]

Well boxing right now is at a very low point. Itd honestly be better served if every card had a headline fight with prospects on the undercards, not prospects headling on the main events. Sadly though with all these belts, title fights look like prospect fights.

I think to many posters are treating the sport like the movies-they only want to watch if their favorite actor/actress is in it.

I grew up watching boxing regardless of who was on and got more excited when it was a guy I liked. Nowadays it seems posters only wath and get excited if its a guy they like or a name.

[Boxfan83]

Why would I care about some fan made posting which is what SB nation is, he is using public figures but has no real understanding of what is going on underneath.

There is a lot of assumption going on, there was never going to be profit in year 1, 2 or 3, probably not until after 5 could they even hope of breaking even and maybe making money after 10. That is the sort of game they were playing so even looking at this like oh they did that and this, they are exactly where they are supposed to be in all reality in year 2. Thinking they should be on some different plane making money hand over fist is just not how this sort of thing works, especially when disrupting a whole industry it takes time and money to be effective.

That money needed to be spent, it was there to be spent or burned that was what PBC was supposed to do. They could easily fail and everybody that knew a lick about business said the same thing, but nothing has really changed if they fail in year two their plan was always faulty because their plan was always a long term one to success.

Well i think the writer did ouch your points, he basically said the amount of money that has been lost is monumental compared to other brands losses. Anyone with a small business knowledge knows you are going to lose to gain, problem is PBC has no real capitol. The fighters should be the capitol but how are any of these fighters stocks going to rise when they hardly fight and when they do they are not fighting the best?

Also you say the money needed to be spent, sure it did but were these long time investments? Did PBC buy out rights to these TV networks for a year at a time or a decade at a time? I am sure if it was a year, the networks may want to put something else in those time slots if things keep looking so grim.

But I do agree with you that something else is going on that we all dont see, Haymon did just come out and say he is going to expand to the UK audience. I seriously doubt hed expand if he had very little left unless this is a last ditch effort.