BoxRec

Ricky_ wrote: he's essentially obtained stolen funds to finance it through a crooked hedgefund manager.

No wonder he likes to avoid the public eye, he must be the shadiest promoter/manager in boxing history. At least Don King made it clear he was a criminal.

Don King was taking from boxers, Haymon is stealing from investment bankers and is paying fighters very well.
In fact you could look at Haymon as a Robin Hood-type figure, although clearly he will be getting paid as well so isn't some pure altruism.

PBC had the potential to really be something awesome for the fans. Unfortunately, next to the hedge fund managers they are the people haymon cares least about.

ttornado wrote:

Ricky_ wrote: he's essentially obtained stolen funds to finance it through a crooked hedgefund manager.

No wonder he likes to avoid the public eye, he must be the shadiest promoter/manager in boxing history. At least Don King made it clear he was a criminal.

Don King was taking from boxers, Haymon is stealing from investment bankers and is paying fighters very well.
In fact you could look at Haymon as a Robin Hood-type figure, although clearly he will be getting paid as well so isn't some pure altruism.

It's never the bankers who suffer when the losses are tallied up, often it's the poor bastard who's pension fund is sitting in it.

Waddell & Reed stock has dropped form about $50 a share to $20 a share in the last 12 months. Now, I have no idea what Haymon's terms are with this group, but this is at least interesting. Floyd's guaranteed massive paydays surely haven't helped Haymon's business, as I'm sure he believed that some of this money would be recycled back, through his partnership with Mayweather Promotions- which hasn't quite taken off. It will be interesting to see if Haymon's plan is sustainable.

Ricky_ wrote: It's never the bankers who suffer when the losses are tallied up, often it's the poor bastard who's pension fund is sitting in it.

Tell Nick Leeson that, but we have a lot to learn from Iceland who jailed 29 bankers.