BoxRec

SaadOffTheDeck wrote:Nice move. The PBC is horrific.

Surely they must have lost so much money

boxingknockout wrote:

SaadOffTheDeck wrote:Nice move. The PBC is horrific.

Surely they must have lost so much money

Closer to a billion than a million. Haymon made bank though.

SaadOffTheDeck wrote:

boxingknockout wrote:

SaadOffTheDeck wrote:Nice move. The PBC is horrific.

Surely they must have lost so much money

Closer to a billion than a million. Haymon made bank though.

How?

Boxing Prospect wrote:...so he's gonna...fight more than once every 18 months?

Why are you asking this question?

boxingknockout wrote:

SaadOffTheDeck wrote:

boxingknockout wrote:
Surely they must have lost so much money

Closer to a billion than a million. Haymon made bank though.

How?

Because he used investor money to buy timeslots. He isn't a 'promoter', he's an advisor so he still got his cut of the fighters purse for every fight. Really crooked shit, now that he's spent all the money the guys just sit around and wait for a showtime offer

Tomasino wrote:

lefty wrote:

SaadOffTheDeck wrote:Nice move. The PBC is horrific.

Guessing it's the first significant sign that PBC is starting to nose dive.

How about looking at their finances? The whole thing is an investment scam lefty

Ah no I know that mate. I was saying though, it's the first significant sign in that up to now, no significant Haymon fighter has actually chosen to jump ship to someone else. Normally it's the opposite. Boxers are fighting over themselves to be signed to Haymon.

SaadOffTheDeck wrote:

boxingknockout wrote:

SaadOffTheDeck wrote: Closer to a billion than a million. Haymon made bank though.

How?

Because he used investor money to buy timeslots. He isn't a 'promoter', he's an advisor so he still got his cut of the fighters purse for every fight. Really crooked poo, now that he's spent all the money the guys just sit around and wait for a showtime offer

I still don't know how he got away with not being listed as a promoter though. What exactly is PBC supposed to be? Also, who was putting up the money for all of these shows he was having other promoters put on? I very much doubt it was them, and thus surely he really is the promoter of these events- even if he wasnt signing off as the official promoter? I mean if you look at the promoter Tom Brown (I think) he's a small time regional promoter, how could he ever fund these events?

lefty wrote:

Tomasino wrote:

lefty wrote: Guessing it's the first significant sign that PBC is starting to nose dive.

How about looking at their finances? The whole thing is an investment scam lefty

Ah no I know that mate. I was saying though, it's the first significant sign in that up to now, no significant Haymon fighter has actually chosen to jump ship to someone else. Normally it's the opposite. Boxers are fighting over themselves to be signed to Haymon.

What you fail to realize is haymon is probably still his advisor.

lefty wrote:

Tomasino wrote:

lefty wrote: Guessing it's the first significant sign that PBC is starting to nose dive.

How about looking at their finances? The whole thing is an investment scam lefty

Ah no I know that mate. I was saying though, it's the first significant sign in that up to now, no significant Haymon fighter has actually chosen to jump ship to someone else. Normally it's the opposite. Boxers are fighting over themselves to be signed to Haymon.

That's true mate. It's sickening the whole thing is a joke. I had naively harboured high hopes for it.

SaadOffTheDeck wrote:

lefty wrote:

Tomasino wrote:

How about looking at their finances? The whole thing is an investment scam lefty

Ah no I know that mate. I was saying though, it's the first significant sign in that up to now, no significant Haymon fighter has actually chosen to jump ship to someone else. Normally it's the opposite. Boxers are fighting over themselves to be signed to Haymon.

What you fail to realize is haymon is probably still his advisor.

Wasn't it supposed to have been done behind his back though?

Tomasino wrote:

lefty wrote:

Tomasino wrote:

How about looking at their finances? The whole thing is an investment scam lefty

Ah no I know that mate. I was saying though, it's the first significant sign in that up to now, no significant Haymon fighter has actually chosen to jump ship to someone else. Normally it's the opposite. Boxers are fighting over themselves to be signed to Haymon.

That's true mate. It's sickening the whole thing is a joke. I had naively harboured high hopes for it.

Yeah it had potential to be great. In the end it just turned out being utter shite!

lefty wrote:

SaadOffTheDeck wrote:

lefty wrote: Ah no I know that mate. I was saying though, it's the first significant sign in that up to now, no significant Haymon fighter has actually chosen to jump ship to someone else. Normally it's the opposite. Boxers are fighting over themselves to be signed to Haymon.

What you fail to realize is haymon is probably still his advisor.

Wasn't it supposed to have been done behind his back though?

Conflicting reports on that. Most say he knew, though Rafael is usually reliable. I don't care enough to try and look into it.

Tomasino wrote:

lefty wrote:

Tomasino wrote:

How about looking at their finances? The whole thing is an investment scam lefty

Ah no I know that mate. I was saying though, it's the first significant sign in that up to now, no significant Haymon fighter has actually chosen to jump ship to someone else. Normally it's the opposite. Boxers are fighting over themselves to be signed to Haymon.

That's true mate. It's sickening the whole thing is a joke. I had naively harboured high hopes for it.

He had enough money to put any fight together off of ppv. Now we have no networks interested in these awesome tournaments. I'm wondering if all this protesting in all of our other sports might help boxing.

SaadOffTheDeck wrote:

lefty wrote:

SaadOffTheDeck wrote: What you fail to realize is haymon is probably still his advisor.

Wasn't it supposed to have been done behind his back though?

Conflicting reports on that. Most say he knew, though Rafael is usually reliable. I don't care enough to try and look into it.

Time will tell I guess as to whether that was the case then, and if so, if it's the beginning of an exodus of fighters or whether the status quo will remain.

SaadOffTheDeck wrote:

Tomasino wrote:

lefty wrote: Ah no I know that mate. I was saying though, it's the first significant sign in that up to now, no significant Haymon fighter has actually chosen to jump ship to someone else. Normally it's the opposite. Boxers are fighting over themselves to be signed to Haymon.

That's true mate. It's sickening the whole thing is a joke. I had naively harboured high hopes for it.

He had enough money to put any fight together off of ppv. Now we have no networks interested in these awesome tournaments. I'm wondering if all this protesting in all of our other sports might help boxing.

How far under the radar this great cruiserseight tourney has flown is shocking. I know ex pro fighters and am boxers who haven't even heard of it nor most of the fighters bar Usyk.

SaadOffTheDeck wrote:

Tomasino wrote:

lefty wrote: Ah no I know that mate. I was saying though, it's the first significant sign in that up to now, no significant Haymon fighter has actually chosen to jump ship to someone else. Normally it's the opposite. Boxers are fighting over themselves to be signed to Haymon.

That's true mate. It's sickening the whole thing is a joke. I had naively harboured high hopes for it.

He had enough money to put any fight together off of ppv. Now we have no networks interested in these awesome tournaments. I'm wondering if all this protesting in all of our other sports might help boxing.

Yeah valid point. I don't really understand Haymons rationale. I mean he seems to treat fighters very well and he clearly makes a lot of money himself. That said, he could have made a lot of far better match ups.

I don't know much about situation regarding other sports in the US but hopefully that does turn out to be the case.

Most of them are tied to the lame duck promoters and if they have a contract with Al they have to wait it out. He has hundreds of fighters and a working relationship with hearn, I highly doubt he was in the dark. He's just not going to spend his own money on this, let them go and collect the manager fee.

Tomasino wrote:

SaadOffTheDeck wrote:

Tomasino wrote:

That's true mate. It's sickening the whole thing is a joke. I had naively harboured high hopes for it.

He had enough money to put any fight together off of ppv. Now we have no networks interested in these awesome tournaments. I'm wondering if all this protesting in all of our other sports might help boxing.

How far under the radar this great cruiserseight tourney has flown is shocking. I know ex pro fighters and am boxers who haven't even heard of it nor most of the fighters bar Usyk.

I'm assuming in America, the lack of American fighters participating has player a part in why they're not interested in broadcasting it over there.

In the UK, I think they have found it hard to find a broadcaster willing to pay enough for the rights fees to actually put it on. I'm guessing they're losing a lot of money at the moment!

SaadOffTheDeck wrote:Most of them are tied to the lame duck promoters and if they have a contract with Al they have to wait it out. He has hundreds of fighters and a working relationship with hearn, I highly doubt he was in the dark. He's just not going to spend his own money on this, let them go and collect the manager fee.

Hasn't the whole PBC model been orientated towards not being tied down to one promoter though? I know Al tends to use the same promoters repeatedly to put on the PBC shows but the majority of the fighters aren't tied down to one network that I can think of? I guess you have Stevenson and Wilder who seem to have exclusive deals with showtime though.

If the money is really starting to run out, Haymon probably doesn't give a shit anyway, like you say.

He bought time space on other networks. Showtime buys fights, only major player involved. He uses a multitude of promoters but he has his fighters sign with them to keep them locked down. That was with the time buys. Why would a promoter turn on him when he hands them cards?

lefty wrote:

SaadOffTheDeck wrote:

Tomasino wrote:

That's true mate. It's sickening the whole thing is a joke. I had naively harboured high hopes for it.

He had enough money to put any fight together off of ppv. Now we have no networks interested in these awesome tournaments. I'm wondering if all this protesting in all of our other sports might help boxing.

Yeah valid point. I don't really understand Haymons rationale. I mean he seems to treat fighters very well and he clearly makes a lot of money himself. That said, he could have made a lot of far better match ups.

I don't know much about situation regarding other sports in the US but hopefully that does turn out to be the case.

I think his rationale was to take the numbers him and Floyd done to investors and fleece them out of more money than most people, including champion boxers, could dream of. It's like $600-900,000,000!

In the simplest terms Al was the 'promoter'. Just not on paper.

SaadOffTheDeck wrote:He bought time space on other networks. Showtime buys fights, only major player involved. He uses a multitude of promoters but he has his fighters sign with them to keep them locked down. That was with the time buys. Why would a promoter turn on him when he hands them cards?

Yeah true. How do you see if playing out when he eventually runs out of funds?

Tomasino wrote:

lefty wrote:

SaadOffTheDeck wrote: He had enough money to put any fight together off of ppv. Now we have no networks interested in these awesome tournaments. I'm wondering if all this protesting in all of our other sports might help boxing.

Yeah valid point. I don't really understand Haymons rationale. I mean he seems to treat fighters very well and he clearly makes a lot of money himself. That said, he could have made a lot of far better match ups.

I don't know much about situation regarding other sports in the US but hopefully that does turn out to be the case.

I think his rationale was to take the numbers him and Floyd done to investors and fleece them out of more money than most people, including champion boxers, could dream of. It's like $600-900,000,000!

That's an insane amount of money. Im surprised the FBI hasn't gone after him in all honesty.

lefty wrote:

SaadOffTheDeck wrote:He bought time space on other networks. Showtime buys fights, only major player involved. He uses a multitude of promoters but he has his fighters sign with them to keep them locked down. That was with the time buys. Why would a promoter turn on him when he hands them cards?

Yeah true. How do you see if playing out when he eventually runs out of funds?

He goes back to managing.