Whoever owns it, Boxxer posted a profit of £778k in the year to June 2022. We'll see this time next year if the bigger bets like Shields-Marshall and whatever happens with CBS, Okolie, olympians etc, pay off. Overall, despite that, Boxxer is still £400k+ in the hole for the time it's existed (at the time of those accounts, which are already about 9 months past).
Looking at that and the fact he’s eaten more cash it won’t be revealed until next year. But he’s got £2m in a share premium account. So from my understanding that’s the investment he’s taken. Those accounts for first year aren’t looking the strongest unless his shows start turning profits asap. Hence why he’s using French and polish shows to help him fill his Sky dates. He gets his stable out and give a Chunk of his rights fees to the other promoter who git themselves in a hole.
They are buying into the market to prove themselves. The guarantees Brook and Khan got no other promoter offered. Luckily it did just about enough buys. They spent next to nothing on the undercard
I wonder how much they both earn’t for that fight? I’m not usually that interested in the money side, but as it was supposedly both their last fight, I wonder what they came out with. Any idea?
Yep, the first year should have been a lot better than that given Khan-Brook (which I had forgotten about already) and it's hard to understand how they had run up such losses prior to the Sky contract starting. I know they'd run a few shows here and there, but it's borderline incompetence to be £1.2m in the red from those.
It does but those accounts take into account all of the Sky shows they were running from Avaneysan vs Taylor and Fury vs Hammer to the Coventry show of Eggington vs Zysk. Some doing
It's crazy what they are paying Whitaker. 10 fights at £100k fight is insane when he won't be ppv by then so how do they get the return on investment? After 10 fights he could be becoming a Star and then leave.
