I feel like it's mainly because the game passed them by. HBO Boxing kind of lost its luster when streaming services were starting to make their advent into sports programming. I know he has his detractors, but boxing matches haven't felt the same without Jim Lampley on the PBP.
game of thrones took up all the budget. there wasn't enough money for a boxing section. they made more investing in the series. now boxing is too fractured for hbo to be what it once was. everybody wants to be a promoter and they all have contracts with various networks.
HBO had decided after the millions they wasted on Andre Berto tuneups that they were finished doing business with Al Haymon. Leaving them only working with Top Rank until ESPN gave him a bigger budget. Then they did a deal with Oscar for GB and K2 for GGG. Ratings wasn’t what they were before and the emergence of PBC made fighters start expecting unrealistic purse demands for lesser comp. At that point they bowed out. I still see them coming back eventually but they’ll wait until the market resets.
Crawford Spence is supposed to be this absolutely massive once in a generation fight and in 1999 that was a bimonthly regular cable fight on HBO. **** you not, hell you probably remember it, fights like that were made every other month.
I find it a bit amusing how the forums would always be filled with people talking about how bad HBO was managing its boxing budget, and they always had their defenders. Keep in mind, at the time they were the biggest boxing game in town, with their chief rival being SHO at a distant second. So they had the power to play the game how they wanted, for the most part. But they continuously overpaid for garbage fights. So much so that it was legitimately puzzling what they were doing, from a business perspective. The forum would be in discussions about it, and there were always people defending the networks, pulling the 'professional' card ("Ya, Im sure joe shmoe on a boxing forum knows how to operate their business better than the actual, professional executives.") In the end, is there any doubt that their gross mismanagement of funds played a major role in their exiting the sport. What I dont get, is how some ambition and business savvy executive over there hasnt been motivated enough to try and operate the boxing division in the right way. Theres tons of money to be made in boxing if its done properly. Done properly starting with, not overpaying for garbage fights, paying appropriately for good ones, forcing the best and or biggest fights to get made as much as possible.
Crazy how during the ex-Soviet invasion of the mid to late 2010s that the boxing networks backed all the wrong men. They went ALL in on GGG and Loma. Absolute chips on the table risking it all. And then we found out that the fighters they shafted turned out to be the best of the bunch. Kovalev wasnt even getting paid, literally speaking. Beterbiev couldnt get a fight if his life depended on it. Usyk made every concession a man could make. Meanwhile those two guys rode a gravy train and were fed a silver spoon and turned out to be lesser fighters. They backed the wrong men.
Dazn/Eddie Hearn did as much to inflate the market as anyone, probably more. Grossly overpaying for some fights and fighters to try to gain a foothold and ‘corner’ the market. Good plan. Didn’t work.