Barry McGuigan launches £5,000,000 boxer investment scheme

[Stuarty]

Apparently Simon Clayton is a silent partner in this

[Wales]

Who on earth would anyone invest in this believing they’d get their money back, let alone a profitable return.

May as well buy shares in pumpkins on November the 1st

[spudder56]

Who on earth would anyone invest in this believing they’d get their money back, let alone a profitable return.

May as well buy shares in pumpkins on November the 1st

[jamesmcdonnell]

Sounds like a terrible investment opportumity.

[Crease]

Don't like the sound of this at all.

If Barry had wanted to give a handful of promising fighters, let's say £25k each with the understanding that they would pay him back as soon as they worked their way up and when heavier cheques were coming in, then that is one thing.

But for a consortium of fatcat businessman taking a fighters money off of him that he's sorely earned does leave a foul taste in the mouth.

McGuigan's true colours are well and truly coming out now.

[leejonesjnr]

I don't really have any issue with this idea assuming that it isn't mis sold.
Obviously this isn't an investment opportunity, its a corporate hospitality purchase for people interested in boxing to take clients for a night out and act like Billy Big Banana introducing them to people at ringside.
There will be no shortage of boxers ready to sign up.

[coneye]

All in all , It just says Barry Mcguigan and his son Shane ,want to sign new boxers with lots of potential to become World Champs , They only want the best the ones with big future earnings , and mass potential , BUT they don't have any money so can some fans give it to them

[Nightmare Roy]

It I was a top prospect and I'd read this I'd give them a wide birth, especially with all the Frampton business going on, they are dreaming if the think the best talent will sign with them.

[lillywhite14]

He’s a bit of a slippery old dog isn’t he?

The cuddly, chirpy, lovely fella act always seems to be a bit of a deceptive facade

[Wales]

I don't really have any issue with this idea assuming that it isn't mis sold.
Obviously this isn't an investment opportunity, its a corporate hospitality purchase for people interested in boxing to take clients for a night out and act like Billy Big Banana introducing them to people at ringside.
There will be no shortage of boxers ready to sign up.

Well if it’s a corporate hospitality purchase then it’s been mis sold already....

The article says ...

“The people who invest initially will then secure a cut of the career earnings of the punchers whom they have invested in. This cut would be from income generated by sponsorships and appearances rather than fight purses.“

[coneye]

I don't really have any issue with this idea assuming that it isn't mis sold.
Obviously this isn't an investment opportunity, its a corporate hospitality purchase for people interested in boxing to take clients for a night out and act like Billy Big Banana introducing them to people at ringside.
There will be no shortage of boxers ready to sign up.

Well if it’s a corporate hospitality purchase then it’s been mis sold already....

The article says ...

“The people who invest initially will then secure a cut of the career earnings of the punchers whom they have invested in. This cut would be from income generated by sponsorships and appearances rather than fight purses.“

Yes , can just see the conversation now ,, Barry , ... Now listen here young fella . I've got you booked in for a dinner speech on frd , signing gloves on sun , You'll be pulling pints in the Rovers on Mon , and the payments will be , 25% to me cos i'm your manager , 10% to shane cos he's your trainer , 25% to bla bla , cos he originally gave me 5 grand for spending money , less the bus fare for the bus ticket i got you , less 5 quid for the fish and chips i've pre paid , your grand total after tax will be 10 bob , Now run along and do your duty son

[leejonesjnr]

I don't really have any issue with this idea assuming that it isn't mis sold.
Obviously this isn't an investment opportunity, its a corporate hospitality purchase for people interested in boxing to take clients for a night out and act like Billy Big Banana introducing them to people at ringside.
There will be no shortage of boxers ready to sign up.

Well if it’s a corporate hospitality purchase then it’s been mis sold already....

The article says ...

“The people who invest initially will then secure a cut of the career earnings of the punchers whom they have invested in. This cut would be from income generated by sponsorships and appearances rather than fight purses.“

Yes , can just see the conversation now ,, Barry , ... Now listen here young fella . I've got you booked in for a dinner speech on frd , signing gloves on sun , You'll be pulling pints in the Rovers on Mon , and the payments will be , 25% to me cos i'm your manager , 10% to shane cos he's your trainer , 25% to bla bla , cos he originally gave me 5 grand for spending money , less the bus fare for the bus ticket i got you , less 5 quid for the fish and chips i've pre paid , your grand total after tax will be 10 bob , Now run along and do your duty son

Boxers who are likely to get actual money sponsorship and have people interested in listening to speak and sign gloves will be getting more attractive, more traditional offers.
The vast majority of boxer sponsorship is a local builder paying for a pair of shorts or a local food prep giving them some pots of chicken and rice.

[spudder56]

He’s a bit of a slippery old dog isn’t he?

The cuddly, chirpy, lovely fella act always seems to be a bit of a deceptive facade