verballistic wrote:I think "Mayweather Promotions" is short on signed fighters & long on hype. One of their "future stars" recently got beaten by a scrub.
there are what are known as economic costs to everything.
in other words, if you have money to invest, how does one investment compare to another?
schaefer has the ability to make a lot of money in real estate and managed investing.
if floyd had any sense, he could just drop all his money in relatively safe annuities
and earn around 15% in perpetuity, and that 15% would be an ungodly sum for one guy,
even if he had child support payments to make.
when floyd isn't fighting anymore, i don't see any guarantee that the guys he has
in his gym are going to be this great investment. it looks to me like he would be
forgoing returns he could earn investing elsewhere with less work. and then why would
he turn his promotional company over to haymon and schaefer, who already apparently
conspired to dick odlh out of golden boy while he was in rehab? if floyd is a promoter
then he would have to be the biggest fool to just let haymon and schaefer illegally
(manager and promoter) run his business according to their interests, not his.
if schaefer was working for mayweather promotions, he would have a fiduciary
responibility to make all decisions in the interest of the company, same as when he
was with GB, and haymon as a manager has a fiduciary responsibilty to negotiate with
promoters on behalf of the fighters, which puts haymon in the same boat as he is in now
with GB. as a licensed promoter, why would floyd want haymon around?
it all just sounds like a lot of plotting and scheming with no real value to offer
as an alternative to what GB already has to offer fighters. top fighters don't want
to wait 2 years until maybe something good might come along.