Proof that Canelo vs Khan did approx 300k PPV buys

Discussion in 'World Boxing Forum' started by GK BOX, Jan 13, 2017.


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  1. GK BOX

    GK BOX Boxing Junkie Full Member

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    Hey everybody
    So I was checking out those documents from the haymon litigation.
    Alvarez-Khan generated revenue of $27,707,448 and was Golden Boy’s most profitable fight of 2016. Khan made $6 million and Alvarez made $13,309,664 (80% of the net profits) while Golden Boy made net profits of $3,327,415.88.

    Live gate for this fight was $7.4 million. That means that the remaining 20 million was PPV sales
    20 million / 65 = 307K

    Sources
    http://www.bloodyelbow.com/2017/1/1...c-lawsuit-more-financials-surface-boxing-news
    http://www.badlefthook.com/2016/5/14/11676436/canelo-vs-khan-fight-generates-7-4-million-live-gate
     
    GK BOX, Jan 13, 2017
    GK BOX, Jan 13, 2017
    #1
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  2. drenlou

    drenlou VIP Member

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    Could be... but DOES the 65 symbolize the PPV price??
     
    drenlou, Jan 13, 2017
    drenlou, Jan 13, 2017
    #2
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  3. GK BOX

    GK BOX Boxing Junkie Full Member

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    Im thinking taking the split of 70 and 60 bucks for HD and Regular.
     
    GK BOX, Jan 13, 2017
    GK BOX, Jan 13, 2017
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  4. DoubleJab666

    DoubleJab666 Dot, dot, dot... Full Member

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    Slightly off topic but I bet if we could see the fighter/promoter split back in the days of Don King et al, it would have favoured the promoter rather than the two boxers, perhaps almost a direct swap in percentages. Canelo and Khan ought to send a certain someone a thank you card...
     
    DoubleJab666, Jan 13, 2017
    DoubleJab666, Jan 13, 2017
    #4
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  5. IsaL

    IsaL VIP Member Full Member

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    Yeah, ODLH broke the mold when he became a promoter.
     
    IsaL, Jan 13, 2017
    IsaL, Jan 13, 2017
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  6. LordSouness

    LordSouness Boxing Addict Full Member

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    You're assuming that all of the PPV buy money goes to Golden Boy - far from it.

    Remember the cable providers and HBO still take a big slice before it gets to Golden Boy.

    Probably less than half the $65 makes its way to Golden Boy.
     
    LordSouness, Jan 13, 2017
    LordSouness, Jan 13, 2017
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  7. GK BOX

    GK BOX Boxing Junkie Full Member

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    Canelo made 13 million to KO Amir Khan. That's serious dough! Based on these figures he's gonna make 25 million vs Chavez
     
    GK BOX, Jan 13, 2017
    GK BOX, Jan 13, 2017
    #7
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  8. LordSouness

    LordSouness Boxing Addict Full Member

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    Reports had the fight doing what, 600k buys? That would tie-in pretty well with that figure.
     
    LordSouness, Jan 13, 2017
    LordSouness, Jan 13, 2017
    #8
  9. GK BOX

    GK BOX Boxing Junkie Full Member

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    I quoted directly from the article
    27 million in revenue. Fighters got 20 million. Perhaps the fighters got the money from sponsors as well?
     
    GK BOX, Jan 13, 2017
    GK BOX, Jan 13, 2017
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  10. GK BOX

    GK BOX Boxing Junkie Full Member

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    No way in hell it did 600k based on 27 million in rev
     
    GK BOX, Jan 13, 2017
    GK BOX, Jan 13, 2017
    #10
  11. yesihavearm2

    yesihavearm2 ESB Chinchecker Full Member

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    What about HBO's cut?

    Sky Sports received £7million for Froch/Groves 2 so I would imagine HBO + Showtime are also taking significant cuts.
     
    yesihavearm2, Jan 13, 2017
    yesihavearm2, Jan 13, 2017
    #11
  12. LordSouness

    LordSouness Boxing Addict Full Member

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    27m in revenue for Golden Boy - not 27m in revenue from the fight. The PPV isn't paid to Golden Boy, it is paid to the cable networks and then its paid from the cable networks to HBO, who then, after the previous two have deducted their costs, pass on the share for Golden Boy You can't work backwards unless you know how much of the $65 you have assumed makes its way to Golden Boy - the reality is that it will be much nearer half, if even that.
     
    LordSouness, Jan 13, 2017
    LordSouness, Jan 13, 2017
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  13. GK BOX

    GK BOX Boxing Junkie Full Member

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    That's a very good point. The article doesn't state whether the 27 million was GB revenue or total. I wonder if the cable company cut is designated as its own revenue.
     
    GK BOX, Jan 13, 2017
    GK BOX, Jan 13, 2017
    #13
  14. lobk

    lobk Original ESB Member Full Member

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    HBO's cut isn't that big. The satellite and cable company gets the bigger slice.
     
    lobk, Jan 13, 2017
    lobk, Jan 13, 2017
    #14
  15. LordSouness

    LordSouness Boxing Addict Full Member

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    It is Golden Boy revenue, all the information contained in the article is from Golden Boy accounts and Golden Boy can only account for its own revenue. The figures themselves prove it.

    Gross Revenue - $27,707,448
    less - $13,309,664
    less - $6m
    = $8,397,784

    It states that net profit from it was $3,327,415.88

    Which means they had to pay all of the production costs and overheads (think of how expensive guys like Michael Buffer cost, as an example of that), the entire undercard and give all the cable providers and HBO a cut from $5,070,368.12 - that's obviously not financially feasible.
     
    LordSouness, Jan 13, 2017
    LordSouness, Jan 13, 2017
    #15
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