What happened to the PBC is finished rumours?

Discussion in 'World Boxing Forum' started by jmashyaka, Sep 5, 2018.


  1. Puroresu_Fan

    Puroresu_Fan Boxing Junkie Full Member

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    Another platform for fighters can only be good.


    Did you see what Angel Garcia said? Nobody is paying him the money he wants DAZN to pay Garcia.

    Also Matchroom USA and DAZN has barely started. Why some people are so quick to call something a failure is beyond me. You have to give a lot more time than 3 months.
     
  2. Brighton bomber

    Brighton bomber Loyal Member Full Member

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    Doubt they'll get anything either they made a bad investment and now regret it and trying to get back some of their money but unless they can prove a law was broken they'll get nowhere.
     
  3. jmashyaka

    jmashyaka Boxing Addict Full Member

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    I never asked if the PBC was a successful I said to the people who said Haymon is on his way out, it doesn’t look like it’s happening any time soon.

    The only investment we really know about is approx 300 mil, I don’t know where they are pulling this 900 mil stuff from. Btw how did that lawsuit go?

    I don’t see any major star leaving haymon because the guy takes care of his fighters. Remember Haymon and his people offered AJ 50 mil$ garuntee. So he has some money to play with. Only thing is now Haymon has to put on the best fights which is good for the fans.
     
  4. jmashyaka

    jmashyaka Boxing Addict Full Member

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    I haven’t called it a failure I just said as of yet, Eddie is struggling to get it started and get the names necessary to make it a success, am I wrong?

    When the DAZN deal was announced I said good stuff I am happy for Hearn and boxing, I can’t stand Eddie Hearn but if he brings us more fights I welcome it. Unlike a lot of the Haymon haters I would rather see Hearn do well for the sake of boxing than him fail just because I ain’t a fan of his, I prefer to look at the bigger picture.
     
  5. jmashyaka

    jmashyaka Boxing Addict Full Member

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    They are some dummies to be honest, they got bamboozled and get no sympathy for me, Show time and Fox are smarter so expect Haymon to be under pressure to bring isn’t quality match ups like Garcia vs Porter, Garcia vs Easter etc.
     
  6. Brighton bomber

    Brighton bomber Loyal Member Full Member

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    OK my bad there but for any business model to remain viable it has to be successful, no business survives unless it can keep up the running costs which I said it obviously has by securing deals with Showtime and FOX.

    As for the size of the investment the link Holler posted is pretty clear in regards to what money was spent from the fund, if the investment in total was $300 mill how on earth did it lose $567 mill over 3 years and how did it still have $357 mill as of March 31 2016? Obviously there was more money invested in the fund than the initially $300 mill unless of course the fund is borrowing money from somewhere which means the fund is in debt and the whole PBC enterprise is about to collapse under a mountain of debt which obviously it isn't.

    I don't see any stars leaving Haymon anytime soon either. His deals are usually 3 years long and with how the DAZN deal is structured if Hearn doesn't make in roads during that time he could lose funding from DAZN. But eventually unless Haymon can find income from elsewhere or if his rivals projects lose funding it's only a matter of time before some fighters move on to pastures new for more money that PBC can pay.
     
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  7. jmashyaka

    jmashyaka Boxing Addict Full Member

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    Let’s think about this logically bro, if I gave you £300 to invest for me and it ain’t looking like you are gunna even break even would I give a further £600 after? In the context of boxing, DAZN are supposedly giving Eddie Hearn 1 billion dollars but even there aren’t stupid enough to give to him all at once they are giving 125 mil first to see what he can do to it. So even if the report says that, I can’t believe those Waddle and Reed guys were that silly.

    Like I said the only way Haymon can make money is by putting his best fighters against each other and to be fair to him he has, these last couple of years.
    We have Thurman vs Porter, Garcia. Jack vs Degale and Stevenson. Garcia vs Easter jr, Hurd vs Lara, Jacobs vs GGG, Derevyanchenko, Wilder vs Ortiz, Garcia vs Porter, Spence vs Brook, Alvarez vs Kovalev. He has taken risks with his guys recently.
     
  8. Robney

    Robney ᴻᴼ ᴸᴼᴻᴳᴲᴿ ᴲ۷ᴵᴸ Full Member

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  9. jmashyaka

    jmashyaka Boxing Addict Full Member

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    Do you honestly believe with all the fights Haymon has put on that it has equalled 900 mil? Come on just think about it, no fighter from Haymons camp has been paid more than 5 mil in a garunteed purse how would he have spent all of that?

    Unless if they are talking about the Mayweather fights and even he wasntb garunteed more than 50 mil, the numbers don’t add up. So if he has only used 300 mil which seems more like the likely number where has the rest of the 600 mil gone and why were they saying that PBCs war chest is almost depleted. I don’t just read stuff I try to make sense of it, unless you are saying this guy has somehow smuggled 600 million off to some Panamanian account I smell bull crap.
     
  10. Robney

    Robney ᴻᴼ ᴸᴼᴻᴳᴲᴿ ᴲ۷ᴵᴸ Full Member

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    They stated that it lost approx 567 over 3 years. Pretty sure they were not just making up some amount if they took him to court.
     
  11. jmashyaka

    jmashyaka Boxing Addict Full Member

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    So if everything they said was true how is it not one person has beaten Haymon in court. I mean come on surely the court would have sided with at least one of the people accusing him, the guy has been sued more times than I can count but he never loses, at least not any major case.

    Not to mention showtime and Fox has entrusted with even more money, are they dummies too? None of this makes sense, if I heard someone lost a lot of money for someone I would be a fool to give them my money, unless maybe it isn’t all true.
     
  12. Badbot

    Badbot You can just do things. Full Member

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    Not to get into the whole PBC money argument but Haymon also bought air time from various networks.
    It wasn't just the big purses.

    That's where a lot of money went.
     
  13. jmashyaka

    jmashyaka Boxing Addict Full Member

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    It’s cool bro, alright but 20 mil is a long way from 925 mil. Even if he spent 3x that a year you only have 180 mil. Where did the rest of the 600 mil go and why has showtime and fox who have had a career in boxing (at least showtime) give him more money if he is this inefficient at managing funds?
     
  14. Robney

    Robney ᴻᴼ ᴸᴼᴻᴳᴲᴿ ᴲ۷ᴵᴸ Full Member

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    Of course they can lose in court, but I guess the case is ongoing (usually it takes years).
    The whole deal seemed to be quite fishy, and everyone who thinks about the PBC businessmodel and viewer and audience numbers could figure out that it would be losing money fast (Movie Pass style).
    But who's responsible for throwing that hedge fund into a bottomless pit? Haymon might have done everything inside the law, while others just majorly screwed up.
     
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  15. jmashyaka

    jmashyaka Boxing Addict Full Member

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    Exactly, the fact is Haymon is very knowledgeable on business law that’s why even when Schaefer snuck all of GBP fighters over to the PBC Haymon was protected. I think this Ryan Caldwell guy was Haymons Schaefer in this Waddle and Reed deal.

    However no one so far has been unable to tell me why Showtime and Fox knowing these stories about Haymons mismanagement of funds are entrusting him with more. Espinoza ain’t no dummy, he knows boxing.