Joe Frazier 'Cloverlay, Inc.'

Here you go John Maff,,,,,,,,,,

Brought up this older thread for your reading enjoyment.....

 

ha ha ha ha!

forgot about this:good

 

very good thread as usual and i don't think that they ripped frazier . 100$ a week later increased 2 173$ and then more in addition 2 a 50% from his fight purse wasn't that bad of a deal 4 some1 whom didn't have other choice . remember that d initial 50% that Cloverlay got was a 50% from small purses , which had 2 cover 4 Frazier's monthly wages and his initial bonus and d debt they took on themselves 2 help him buy his house . since they took a risk and had initial expenses , and it would have taken time (and interest 4 it) 2 cover 4 their expenses , which wasn't even sure either , it wasn't such a bad deal 4 joe .
How would he have kept himself and his family alive b4 he got any proffessional success ? they took a big risk with him , after all he was small and initially injured and remember he only got in2 d olympics because Buster Mathis was injured somehow . There were olympians who flopped even b4 Frazier , Pete Rademacher 4 1 .

 

For goodness' sakes, haven't you ever given somebody a hand because you believed in them / liked them? What are you, some kind of robotic widget-maximising rationalist neo-classical economic entity?

Back in the boom years of 2003-2006 when I was making good dough, my neighbours and I sponsored several neighbourhood kids in their karate & taekwondo tournaments...watching them succeed was reward enough.

Having said the above... they did make a great return!

 

I believe Joe Hand,Sr. was also an original shareholder.He still has a gym in Philly and is involved in boxing to this very day.

 

Nearly every Heavyweight Champion has to have financial backing for success.

Larry Holmes was the first 'Modern Era' heavyweight to do it on a small budget.

He still needed Richie Giachetti to get to the top though,,,

 

A very good thread,,,,,,,,,,,,