Canelo and Crawford leave PBC

Big Al been washing money for the last few years

 

I am convinced that PBC is a giant tax/insurance hustle going on by Al Haymon and his Quincy Jones bedfellows.

 

But why would PBC escrow another Charlo fight and guarantee another loss?

 

Good. PBC and Haymon were one of the worst things that's happened to boxing in recent years.

 

You can't develop fighters or have them fight regularly when every bout is on PPV. We don't know the specifics of the Amazon deal, but at this stage it doesn't appear Amazon has any interest in bearing any of the risk to work with PBC. So essentially Haymon negotiated a PPV platform but doesn't have a locked in co-investor the way he did with Showtime & Fox.

The reason the undercard for Thurman/Tim is stacked is because Haymon has contracts to honor and he no longer can feed matchups like that to Showtime as headliners. That's a benefit to me as a boxing fan, but it's definitely not good for Haymon.

I'd be fine with him just focusing on good PPVs as long as he stops overpromising fighters and keeping them inactive. It was a problem before and is only getting worse.

 

They had no choice as the 3 fight deal they signed with Canelo had guarantees regardless who the opponent was or whether the show lost money.

 

They were not in a position to decide not to pay Canelo for the Charlo fight. Canelo would have signed a deal which guaranteed a minimum amount and they didnt have the money to fund any Canelo fight.

 

Yes, but why would they not try and dictate who he fights if they were the ones paying him?

 

Dan Rafael made a report about all this.

Haymon was prepared to pay canelo his guarantee for charlo only if he agreed to fight benavidez in sept.
Other sources also verified the 55m pbc offer to fight benavidez
haymon wanted a discount for the charlo fight but canelo refused.
davids name was never even on the contract.
No mention of PBC not being able to afford to pay canelo or any escrow.

Canelo clearly ducked. When the contract was made and when Haymon tried to modify it.

 

Because the contract signed didnt allow them to do so. The only reason Canelo is walking is because legally he can do so. If PBC had the option to start dictating there is no way Canelo would have been able to walk away after only 1 fight.

 

That isnt what it said. The Rafael post has sources saying Haymon wanted Canelo to take a discounted purse for May 4th for the Charlo fight as well as take on a different opponent from the fighters which was part of the 3 fight deal.

PBC played themselves signing a deal and then trying to amend the deal mid way through.

That same source even says Benavidez was not one of the names listed as potential opponents in the 3 fight deal lol. So even if we take this source as gospel they still didnt even have a deal with Canelo which would see him have to face Benavidez as part of his guarantees.

 

The different opponent was an option if he wanted his full Guarantee.

Now go ahead and tell me why this would have been the case. Why wouldn't the name for the most lucrative fight for Canelo and the sport not be in the contract , while far less lucrative opponents were listed.

PS. Its a very easy answer.

 

You cant pick and choose which part of that Rafael story you want to believe and which parts you do not.

If you want to accept sources claiming PBC wanted Canelo to agree to fight Benavidez in Sept to get his guarantees then you also better believe the same sources claiming Benavidez was never mentioned in the 3 fight deal.

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So which source is lying lol

 

You missed my point. I accept David was not on the contract. I asked you why do you think it wasn't?

 

It's irrelevant. If anything it only proves that PBC put themselves into a dumb position agreeing a deal with Canelo which left them in such a position.

If PBC were really that much invested into Benavidez believing the fight v Canelo was the big payoff his name would have been part of the list of potential opponents.

Are we supposed to believe they agreed to pay Canelo $35 mil guarantee three times yet the supposed most lucrative fight would not be on the table?

PBC clearly at the time they signed the deal didn't think that fight was the most lucrative if we are to take that Rafael story as truth.