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Froch Groves rematch finances

Posted: 11 Aug 2014, 17:07
by JimJim2009
Some eye-watering figures have come out.

900,000 PPV sales = just over 15 million quid
77,000 tickets sold = 6 million quid
overseas TV rights = half a million quid
sponsorship and merchandising = half a million quid

The total revenues created are just over twenty two million quid

And here is where it went

Froch = eight million quid
Groves = two million quid
Sky TV = 7.5 million quid
Wembley fee = half a million quid
Undercard = half a million quid
Misc costs = 3.8 million quid

Impressive numbers !

Re: Froch Groves rematch finances

Posted: 11 Aug 2014, 17:12
by tobyh5
Where is the Matchroom profit?

Re: Froch Groves rematch finances

Posted: 11 Aug 2014, 17:16
by JimJim2009
tobyh5 wrote:Where is the Matchroom profit?
Eddie is Carl's manager and promoter so there is a big slice right there.
I imagine Sky paid Matchroom out of their cut too.
Misc costs come to almost four million quid, that would include overheads.

Re: Froch Groves rematch finances

Posted: 11 Aug 2014, 17:47
by leforge
JimJim2009 wrote:Some eye-watering figures have come out.

900,000 PPV sales = just over 15 million quid
77,000 tickets sold = 6 million quid
overseas TV rights = half a million quid
sponsorship and merchandising = half a million quid

The total revenues created are just over twenty two million quid

And here is where it went

Froch = eight million quid
Groves = two million quid
Sky TV = 7.5 million quid
Wembley fee = half a million quid
Undercard = half a million quid
Misc costs = 3.8 million quid

Impressive numbers !
This was in mail most of it guess work.

Re: Froch Groves rematch finances

Posted: 12 Aug 2014, 16:40
by liamlion
A (likely speculative) breakdown of the figures:

http://www.espn.co.uk/boxing/sport/story/330143.html

Re: Froch Groves rematch finances

Posted: 12 Aug 2014, 17:01
by JimJim2009
liamlion wrote:A (likely speculative) breakdown of the figures:

http://www.espn.co.uk/boxing/sport/story/330143.html
Looks like its based on the Daily Mail article that I got the figures from. Eddie writes a weekly column for the Mail, so I'd be surprised if the journalist has completely made up these figures. If the real figures are anything like the ones mentioned here, its just astonishing really.

Re: Froch Groves rematch finances

Posted: 12 Aug 2014, 17:03
by mickey1975
JimJim2009 wrote:
liamlion wrote:A (likely speculative) breakdown of the figures:

http://www.espn.co.uk/boxing/sport/story/330143.html
Looks like its based on the Daily Mail article that I got the figures from. Eddie writes a weekly column for the Mail, so I'd be surprised if the journalist has completely made up these figures. If the real figures are anything like the ones mentioned here, its just astonishing really.
I'm not surprised. Wembley stadium was almost full and nearly all my pals were watching it on SBO.

Re: Froch Groves rematch finances

Posted: 12 Aug 2014, 18:37
by BAP1
Heard From a good source that Eddie pocketed triple the amount that Groves made

Re: Froch Groves rematch finances

Posted: 12 Aug 2014, 19:12
by coneye
BAP1 wrote:Heard From a good source that Eddie pocketed triple the amount that Groves made
He would off Forked out 10 times more has well .. But its good they all made a good quid , more chance of bigger events happenning in the future

Re: Froch Groves rematch finances

Posted: 13 Aug 2014, 05:55
by whiskey
Groves was offered 25%, turned it down - and then the IBF ruling saw him get just 15%

#Everythingforareason

Re: Froch Groves rematch finances

Posted: 13 Aug 2014, 07:16
by sweetscience
G0mez wrote:Groves was offered 25%, turned it down - and then the IBF ruling saw him get just 15%

#Everythingforareason
yes but that would have only happened in a purse bids situation ???

I think they did a deal

Re: Froch Groves rematch finances

Posted: 13 Aug 2014, 07:17
by mickey1975
sweetscience wrote:
G0mez wrote:Groves was offered 25%, turned it down - and then the IBF ruling saw him get just 15%

#Everythingforareason
yes but that would have only happened in a purse bids situation ???

I think they did a deal
If the figures on the purses are accurate, he got 20%.

Re: Froch Groves rematch finances

Posted: 13 Aug 2014, 08:21
by Parson Cross
Forget about the percentages argument.
George received an offer he couldn't refuse ..... and it wasn't from the Godfather.

Re: Froch Groves rematch finances

Posted: 13 Aug 2014, 08:24
by Parson Cross
Don't you just love it when "misc costs" are the third highest. Ha !

Re: Froch Groves rematch finances

Posted: 13 Aug 2014, 08:37
by Wake up call
If those figures are correct, which I'm sure they're not, then the show made a 300k loss.

Income: £22m

Expenditure: £22.3m

Re: Froch Groves rematch finances

Posted: 13 Aug 2014, 12:23
by Loynesy
Wake up call wrote:If those figures are correct, which I'm sure they're not, then the show made a 300k loss.

Income: £22m

Expenditure: £22.3m

WUP - basic accounting: they have to balance. One is wrong.

Im far closer to the Vegas fight scene than UK these days, but im led to believe Hearn (E) made an appropriate amount to justify his investment.

Re: Froch Groves rematch finances

Posted: 13 Aug 2014, 14:03
by Parson Cross
:TU:
Everybody did ok.

Re: Froch Groves rematch finances

Posted: 14 Aug 2014, 05:50
by jonny
So would Howard Fosters fee come out of the Misc costs :TU:

Re: Froch Groves rematch finances

Posted: 14 Aug 2014, 07:59
by jonny
Viktor Vaughn wrote:
jonny wrote:So would Howard Fosters fee come out of the Misc costs :TU:
Comedy's all about timing. The thread title contains the word "rematch".
And he caused the rematch :doh:

Re: Froch Groves rematch finances

Posted: 14 Aug 2014, 10:25
by Sklar
Loynesy wrote:
Wake up call wrote:If those figures are correct, which I'm sure they're not, then the show made a 300k loss.

Income: £22m

Expenditure: £22.3m

WUP - basic accounting: they have to balance. One is wrong.

Im far closer to the Vegas fight scene than UK these days, but im led to believe Hearn (E) made an appropriate amount to justify his investment.
What do you mean by WUP in this context? Wind up petition?

Re: Froch Groves rematch finances

Posted: 14 Aug 2014, 10:46
by Counter-puncher
abbreviation for WakeUP?

Re: Froch Groves rematch finances

Posted: 15 Aug 2014, 06:56
by ILikeBeer
Parson Cross wrote:Don't you just love it when "misc costs" are the third highest. Ha !
Uncle Eddie hired a limo to get there and back.