I'm starting to think there's money laundering going on with these promoters..How can they run a business and stay afloat paying stupid money to fighters that aren't pulling in the figures???? Its mad, Hearns money on deals is way more realistic even though much less
Pbc got there money from a hedgefund. The guy who gave all the money later got fired/quit and went to work for haymon lol. Apparently the amount of money given to pbc was the amount the hedgefund would only give to an investment that would be considered a safe investment eg stocks and shares in coca cola. But pbc was considered high risk and shouldnt have received these funds at all. The guy who allowed it now works for haymon. Hay on due to his management fees etc probably likes paying high purses with other people's money becuase he gets more money. Its alll a big scam and haymon will milk 100-200 million out of it at least for himself. I dont like it becuase all the fighters are inactive and get overpaid to fight bums. Its hurt boxing I couldnt give a damn about hearn
Ok, cheers for clearing that up for us ! How much was Haymon given, do you know ?? Has it ever come out ?
Like almost 1 billion and the hedgefund is suing haymon for the money back its all very dodgy [url]https://www.bloodyelbow.com/2016/5/2/11553662/investors-sue-waddell-reed-over-al-haymon-premier-boxing-champions-boxing-news[/url]
It was absolute madness and when you read about it made no sense at all. To pay networks for tv time and then overpay fighters for crap fights was never ever going to work. The investors got robbed plain and simple.
lol Beterbiev vs Johnson Miller Jessie Vargas First big DAZN card from Matchroom. This is a GOOD event.
Yes there are some crazy posters on this thread. If no idea how hearn is going to do and i dont particularly care, i dont root for promoters. But I've said pbc was a scam since day one, if you are bashing hearn but loving haymon there is something wrong with you . He has really hurt boxing in america by overpaying fighters and having them inactive
Surely they'll(investors) try and recoup their monies ?? Got to be some comeback for them...Sounds like its a criminal case
Iv no idea, wouldnt hold your breath. Courts are corrupt like the american court who said povetkin owed wilder for lose of earnings despite there being no reason for the fight not going ahead at all. I dont have much faith in the justice system anywhere
A Billion though, surely heads will eventually roll, like the fella who now works for Haymon, i'd want his head if I lost big money
These hedgefunds can have hundreds of billions on them, basically that 1 billion may only be like 0.2% of its total wealth and they may have made lots of money on othee ventures. Basically it looks like haymon had an inside guy to rob him some money and they made off like bandits. may be a billion but its like Nicki a pack of cigarettes from a shop, there pissed but in the grand scheme of things they don't really care that mch
BJS guarantee was 1mil +PPV cut vs Lemieux. How much did PBC's biggest draws make in their last fights? Mikey Garcia - 1m vs Easter Errol Spence - 1.2m vs Ocampo Santa Cruz 1m vs Mares 750k Wilder 2.1m Broner 1m Seems like Saunders is not far off
Wtf are the numbers then? Because their purses are not astronomical. Broners supposed deal was 40 mil for 5 years. So about 4 mil per fight. Hearn offered him 6.7 for 3 fights. So i was wrong about that one. But what was Broners last purse? Oh, thats right! 1mil. How much did Hearn offer him? 2mil. So exactly how much is Al paying Broner extra?
**** off you inconsistent mug. You talking clean out of your gaping arse. Either fighters are overpaid or they aint. Usyk was a no-name with no drawing power and he made millions where he should have made hundreds of thou. That's called overpaying you silly ****. Either you a hate it or you don't. PBC put on some of the best fights of the past few years you daft wanker. You have no ****ing clue what they made any more than you do Hearn, WBSS or any of the other ****s out there. I've shown that everything you said is complete bollocks you ****ing mong. Now **** off back up Hearn's arse where you belong.
