How does Al Haymon have so much power if he only has $15M net worth?

It's called sharing the wealth.

Making other people millionaires not only wins you A LOT of friends ... their power broadens your reach of influence.

 

He is very smart he shares his wealth the more money you have the more uncle sam wants part of you..... see how devout mayweather is to haymon wouldn't be surprised if he kept some of his money for him

 

If you actually belive what celebrity net worth says on the internet i have a bridge in bk to sell to you.

 

Take a look a look at Haymon fighters purses. That's why.

 

First of all those wealth websites are not reliable. They offer zero evidence.

Now about Al's power. How many of Haymon's fighters have third party promoters? Not having a promoter has its downside, as Mikey Garcia just found out in Brooklyn, since the other promoter covering the event can treat you like a dog (in this case it was TMT), but it also leaves an awful lot of money on the table to be divided between you and Uncle Al. Al's contracts with his fighters give him exclusive say over what promoter they can hire, if any. (Hint: It won't be Golden Boy, Top Rank or Roc Nation.)

Al's contracts with his fighters give him exclusive say about who they fight and when. There was a copy of Al's standard contract that was made public during the Golden Boy lawsuit, and that's what it said. True, a fighter can refuse an engagement, but he cannot choose one for himself. Only Al can do that, take it or leave it.

Does Al pay them a salary while they are sitting around? I have heard people say that, but I don't know. Or is Al lending them money against future earnings like promoters do?

So his fighters sit around inactive waiting to be told by Al when, where and who they are fighting. I have heard Steve Kim corroborate this.

Al's contract also makes him their exclusive agent for endorsements, which he gets a percentage of. Here also, Al decides on endorsements.

It also makes him their lawyer for anything boxing related.

And don't forget that Al got Schaefer to help him steal so many fighters from Golden Boy.

He also has financial backers behind him, a hedge fund, which however has not been happy with the return they're getting from Al. They'd probably be happier investing in pharmaceuticals and weapons systems.

So here you see are some real sources of his power. Just saying that he helps boxers have more money, does not really answer the question. Al has contractual control over those boxers, and has eliminated their promoters from a cut of the profits, which traditionally has been up to 33%!

And why do people not blame Al for not letting Santa Cruz and Frampton fight Rigo? Bob so far has let Donaire and, soon, Loma, fight Rigo. Has Al ever let any of his fighters fight Rigo? Does anybody know?

Some people are saying that a lot of these fighters will one day regret being so inactive during the prime of their careers. Time will tell. Al's contracts lock them in for a minimum of 7 years or longer.

 

He's skimmed more than that off of his PBC scam.

 

Proof