By Edward Chaykovsky

Promoter Tom Loeffler of K2 Promotions has rejected any notion that Gennady Golovkin's pay-per-view debut was a bust.

Last Saturday night, Golovkin stopped David Lemieux in eight rounds to unify the WBO/IBO/WBA middleweight titles before a sold out crowd of over 20,000 at Madison Square Garden in New York City.

According to Loeffler, and HBO Sports vice president Mark Taffet, the show generated a little more than a 150,000 buys.

A few weeks ago, Loeffler told krikya360.com that Golovkin's PPV needed at least 200,000 buys to be a success.

In reality, Loeffler [per the advice of HBO] budgeted the pay-per-view card for a buyrate of 150,000. 

Between the seven figure gate, sponsorships, merchandise sales and other forms of revenue, Loeffler says his company turned a profit.

"With all the ticket sales and all of the fan and media interest, I think I got a little caught up in all of that, to be honest with you, and I was talking about doing 200,000," Loeffler said to Kevin Iole of Yahoo Sports. "But we needed to do 150,000 to make money on the show and it's how we budgeted and it was very good."

"I've heard a lot of bizarre speculation that we did very poorly or that we're going to lose money, and to be honest with you, I don't know where any of that came from. "We're tracking to be about a few thousand over 150,000, which is the number we were shooting for when we put this show together."