This is true. We all go wtf at the ridiculous purses, while Haymon rubs his hands saying "all the more for meee"
Haymon sold them a lie. There was some boxing fan in Waddell & Reed (no joke, look it up, probably a wigger flomo) who brokered the deal who has since moved on leaving them to deal with the crap left over. Kind of like HBO's old boss leaving Nelson with the crappy Ward contract.
It's staggering to see there are now more people who don't actually understand what the goal of the PBC deal is. The $425m was invested. That investment covers the first two years of PBC - at which point Haymon and the investors expect NBC to pay them an annual TV deal, just like the one Fox has with UFC. How will Haymon and Co make money over and above that? Pay-per-views - again, just like UFC.
It's staggering to think there are people who believe NBC will pay them an annual TV deal with current ratings falling so far through the floor they're only 1/2 mile from the Earth's core. It's failing, the numbers don't lie and no TV company invests in a failing proposition.
1. What joke for PPVs can Haymon sell us? :huh 2. How and when will they make up for the 425M loss? 3. Why would NBC agree to pay Haymon anything when the ratings continue to drop?
Ratings are comparable with UFC and UFC is paid $100m/year from Fox. It also has a turnover of half-a-billion dollars.
i'm sure he's taking much more than that. haymon took 26.75% from floyd's guaranteed purse against ortiz.
Right now? Not many, if any at all. That doesn't mean there will never be any. It won't be a $425m loss. That would assume it makes no money at all in its first two years, which obviously isn't true. How would it make a return on investment? By sealing a TV deal, much like the one the UFC has with Fox. Anyone who thinks this wouldn't already have been discussed in the makings of the initial deal with NBC is not thinking too clearly. Ratings continue to drop? Live sports is not a TV series - people would rather watch the Patriots than the Cleveland Browns, same way people would rather watch Barcelona than Inverness Caledonian Thistle. Figures will fluctuate - and that's why the network choice also fluctuates. What's acceptable on NBC Sports might be different to what's acceptable on BET. Nobody knows what the KPIs of each event is, but I'd guess it's probably doing okay.
very good points and any business or show ran properly would change things up if ratings were going down eg cut costs, put on better match ups etc none of this is being done, makes me feel like its all a scheme