What happened to the PBC is finished rumours?

Haymon's bankroll is, because he isn't the one taking the risks as he takes a percentage of every purse for the fighters he 'advises'. That's why he likes to overpay fighters, because that means he gets overpaid too.

The PBC fund is largely depleated though, as overpaying and buying airtime costs more as it brings in. That's why 'stars' don't fight much and shows get lesser and lesser in quality.
This deal might save the PBC though.

 

"...PBC and Fox have finalized a long-term deal for fights to appear on both Fox and FS1 with an annual boxing budget that eclipses $60 million, multiple sources told The Ring. The deal, which will be announced Tuesday, will kick off in December; the agreement calls for 10 championship-level fights on Fox, with at least another 12 shows on FS1. That’s to be added to Showtime’s existing budget, also estimated at over $60 million. ..."
https://www.ringtv.com/542980-break...-year-deal-network-will-provide-large-budget/

Not bad at all. It's good time to be a professional boxer.

 

PBC so far has succeeded in getting networks like Fox and Showtime to fund it after a period where it had to buy air time to get the platform up and running. While it has done what it set out to do you have to question the business model.

Fact is they've spent almost a billion to get this up and running and while Haymon has been able to sign a lot of US talent he has no huge stars like Canelo or Joshua to bring in the big money. Also the return so far is unspectacular. The FOX deal is for $60 mill a year I believe which is dwarfed by the $125 mill Hearn and DAZN have at their disposal so you wonder if Haymon can keep things running in the face of such competition. Plus Top rank have their deal with ESPN for the next 7 years for a rumoured $500 mill so there's another competitor with a bigger budget than PBC.

That big cash investment allowed Haymon and PBC to sign almost off of the top US talent but now that money is gone or almost gone and the PBC project no longer can match at least 2 of it's competitors budgets can it keep hold of it's fighters or will the growing competition see PBC become less premier and more like a minor league boxing outfit.

As for the investors in PBC I doubt they are happy. They've used almost a billion dollars to create a business that isn't even drawing the biggest budget in US boxing. Plus it will likely be a long time before they see any kind of profit or any profit at all from this investment which when it comes down to it is the whole reason why they invested in the first place.

So overall I think PBC has been a moderate success. It has succeeded in becoming self funded but it failed to dominate the market or see a return for it's investors.

 

I feel bad you wasted all this time writing this dribble when Wall Street journal and the ring magazine both confirmed that Haymon has the biggest budget in the sport. If you took the time to read instead of being a mindless Hearn flunkie you’d realize that.

 

Al Haymon is the richest most powerful man in all of boxing and PBC is the biggest brand of all time.

 

I think it's reasonable to round 925m u to a billion for convenience sake?

https://www.bloodyelbow.com/2016/5/...l-haymon-premier-boxing-champions-boxing-news

 

He can't take anyone under contract without them incurring ruinous penalties that would undermine the reason for switching.

The acid test comes when those contracts start reaching their termination date.

 

I am rather shocked tat SHO boxing's budget is 50mil. That's twice what HBO's boxing budget is. (rumored to be around 25mil)

 

Holler posted details of the billion or 925 mill. The initial investment might of been 300 mill but funds grow and have more investment added all the time.

Agreed that Hearn has been struggling to sign the talent he wants. PBC have been over paying boxers, guys like Spence and Garcia getting reportedly getting $3.5 mill for fights. But once PBC can only rely on the income it gets from the deals with Showtime and FOX that will limit what Haymon can pay to his fighters and we might see fighters jump ship as the big purses dry up. They might not all sign with Hearn some might go with Top rank some might go to Golden boy, some might stick with Haymon but I don't think we will see the same domination with PBC having the majority of the boxers signed to them. Will take years for the deals to expire though so Hearn might struggle for some time to come.

I don't care what the investors make either but in a thread asking if the project was a success or not, financial success will be one way to measure that.