Angel Garcia in Eye-Opening Interview

[Master]

If PBC keeps on making fights like Garcia-Salka they're not going to get anywhere. Boxing has had decades of guys winning a belt and making somewhat of a name for themselves and then having half a dozen Salka-like fights or more before they fight anybody dangerous. That's mainly why it's in the position it's in. PBC is not going to reverse boxing's slide by more of the same.

It is on free network and they are winning fans that would not normally watch. It is a good business model.

[walrus]

If PBC keeps on making fights like Garcia-Salka they're not going to get anywhere. Boxing has had decades of guys winning a belt and making somewhat of a name for themselves and then having half a dozen Salka-like fights or more before they fight anybody dangerous. That's mainly why it's in the position it's in. PBC is not going to reverse boxing's slide by more of the same.

It is on free network and they are winning fans that would not normally watch. It is a good business model.

@Master, don't contradict kirk, he is always right.

[Master]

If PBC keeps on making fights like Garcia-Salka they're not going to get anywhere. Boxing has had decades of guys winning a belt and making somewhat of a name for themselves and then having half a dozen Salka-like fights or more before they fight anybody dangerous. That's mainly why it's in the position it's in. PBC is not going to reverse boxing's slide by more of the same.

It is on free network and they are winning fans that would not normally watch. It is a good business model.

@Master, don't contradict kirk, he is always right.

No he is not. I am.

[Kirkland Laing]

If PBC keeps on making fights like Garcia-Salka they're not going to get anywhere. Boxing has had decades of guys winning a belt and making somewhat of a name for themselves and then having half a dozen Salka-like fights or more before they fight anybody dangerous. That's mainly why it's in the position it's in. PBC is not going to reverse boxing's slide by more of the same.

It is on free network and they are winning fans that would not normally watch. It is a good business model.

It's not a good business model at all, it's currently a massive loss-making enterprise. It's based on hope that more and more fans keep watching PBC as time goes by and eventually PBC becomes something that TV companies will pay money to show. Currently Haymon's backers are paying the TV companies to show the shows and paying the fighters HBO money.

They're investing tens of millions of dollars in the hope that PBC becomes a lot more popular than it is. If it doesn't they lose their dough. And the calibre of fights they're showing isn't even impressing existing fans, never mind attracting new fans in the numbers needed to make PBC financially viable.

It may not even come down to whether the product is any good. Haymon is facing a couple of potentially game-ending lawsuits but his biggest problem may be that the hedge fund putting up all the money having been making big losses over the past year. Losses at hedge funds are often followed by management firings and hirings and the new guys may not see PBC as worth the investment. It's only about 1% of the fund that they're investing with Haymon but when you've made big losses that 1% suddenly becomes a lot of money.

[Master]

If PBC keeps on making fights like Garcia-Salka they're not going to get anywhere. Boxing has had decades of guys winning a belt and making somewhat of a name for themselves and then having half a dozen Salka-like fights or more before they fight anybody dangerous. That's mainly why it's in the position it's in. PBC is not going to reverse boxing's slide by more of the same.

It is on free network and they are winning fans that would not normally watch. It is a good business model.

It's not a good business model at all, it's currently a massive loss-making enterprise. It's based on hope that more and more fans keep watching PBC as time goes by and eventually PBC becomes something that TV companies will pay money to show. Currently Haymon's backers are paying the TV companies to show the shows and paying the fighters HBO money.

They're investing tens of millions of dollars in the hope that PBC becomes a lot more popular than it is. If it doesn't they lose their dough. And the calibre of fights they're showing isn't even impressing existing fans, never mind attracting new fans in the numbers needed to make PBC financially viable.

It may not even come down to whether the product is any good. Haymon is facing a couple of potentially game-ending lawsuits but his biggest problem may be that the hedge fund putting up all the money having been making big losses over the past year. Losses at hedge funds are often followed by management firings and hirings and the new guys may not see PBC as worth the investment. It's only about 1% of the fund that they're investing with Haymon but when you've made big losses that 1% suddenly becomes a lot of money.

That 1% is a tax right off.

[Kirkland Laing]

If PBC keeps on making fights like Garcia-Salka they're not going to get anywhere. Boxing has had decades of guys winning a belt and making somewhat of a name for themselves and then having half a dozen Salka-like fights or more before they fight anybody dangerous. That's mainly why it's in the position it's in. PBC is not going to reverse boxing's slide by more of the same.

It is on free network and they are winning fans that would not normally watch. It is a good business model.

It's not a good business model at all, it's currently a massive loss-making enterprise. It's based on hope that more and more fans keep watching PBC as time goes by and eventually PBC becomes something that TV companies will pay money to show. Currently Haymon's backers are paying the TV companies to show the shows and paying the fighters HBO money.

They're investing tens of millions of dollars in the hope that PBC becomes a lot more popular than it is. If it doesn't they lose their dough. And the calibre of fights they're showing isn't even impressing existing fans, never mind attracting new fans in the numbers needed to make PBC financially viable.

It may not even come down to whether the product is any good. Haymon is facing a couple of potentially game-ending lawsuits but his biggest problem may be that the hedge fund putting up all the money having been making big losses over the past year. Losses at hedge funds are often followed by management firings and hirings and the new guys may not see PBC as worth the investment. It's only about 1% of the fund that they're investing with Haymon but when you've made big losses that 1% suddenly becomes a lot of money.

That 1% is a tax right off.

They don't pay tax anyway. And it's not a write off, it's a loss.