PBC Actually Received 925 million. Not Just 400m

[rshawneecarbon1]

So maybe queen b can quit talking so much shit now? Probably not...

http://www.courthousenews.com/2016/04/28/investors-furious-at-money-put-into-boxing.htm

I'm wondering if the strategy is changing though. It appears they aren't giving NBC any big fights now.

I think it would be smarter to pick one or two channels and use that money on advertising.

PBC does well on spike. Build it there for 3-4 years. And get some time slots on ONE major network.

 

[Sunfish]

I feel dirty asking this but how is PBC doing compared to fnf?

 

[rshawneecarbon1]

Fnfs was nice but they never offered anything close to even tonight's fights.

 

[Queen B]

PBC does well on spike.

Its not gonna do well on this card though. And the next Spike either if the rumours are true.

In terms of the lawsuit though, its targeted at Waddell and Reed, not PBC.

 

[Sunfish]

Fnfs was nice but they never offered anything close to even tonight's fights.

I know, but it had some fun scraps. PBC needs to decide which way it wants to go, name recognition or entertainment, in an ideal world it would be both.

 

[rshawneecarbon1]

Its not gonna do well on this card though. And the next Spike either if the rumours are true.

In terms of the lawsuit though, its targeted at Waddell and Reed, not PBC.

"manager spend $925 million on a "potentially criminal" start-up pro boxing company rather than the stable investments they advertised, shareholders claim in court."

That's the important part. Not that lawsuits on you or investors is good.

 

[Akpan5000]

It's only been a year, how could uncle Al possibly have blown that much money, or even half of it. It's inconceivable.

The high purses, on air talent, time buys, advertising, production costs/setup shouldn't even come close to half the amount that's being reported for uncle Al's war chest.

Where did it all go?

I read somewhere that he recently bought two private jets, is this legit?

 

[robjenkins2]

I can't believe they blew all that money, that's nuts.

 

[rshawneecarbon1]

I can't believe they blew all that money, that's nuts.

They didnt. That's the point.

 

[EndlessCritic]

that's some funny shit.

 

[Queen B]

They didnt. That's the point.

PBC is valued at like $50 million now.


In either case, this was definitely some shady illegal shit. The guy chooses to dump all that money into PBC and then suddenly quits his job to work at PBC

 

[rshawneecarbon1]

PBC is valued at like $50 million now.


In either case, this was definitely some shady illegal shit. The guy chooses to dump all that money into PBC and then suddenly quits his job to work at PBC

Ya. It is. Should be interesting to see what comes of it.

 

[MEAN357]

I feel dirty asking this but how is PBC doing compared to fnf?

some of them have done very well, others have been FNF territory. Depends on the card really.