Controversial Boxing Insider Warns Investors to Avoid Al Haymon’s “Sinking Ship”
Is the Premier Boxing Championship (PBC) bleeding money? Is Al Haymon’s doom on the horizon? Controversial boxing insider Rick Glaser, known for his harsh takes on the boxing world, thinks PBC is a “sinking ship.” Today, he took to social media to warn investors to steer clear of the boxing promotional company owned by Al Haymon.
Not long ago, PBC’s starfighter Canelo Alvarez cut ties with the company, citing disagreements over payouts and his next opponent. However, after the Riyadh ‘Ring of Fire’ event, where Frank Sanchez failed to perform, Glaser shifted his sights to PBC. Now, Glaser reveals the company might be in trouble as new investors gear up to take over.
Rick Glaser Criticizes PBC’s Outdated Business Approach
Earlier today, Glaser wrote on X, “Possible good news for #AlHaymon’s failing #PBC, they’re currently in talks with a very strong investor to refinance PBC with fresh money.” It’s also worth highlighting that PBC had landed a monumental deal with video streaming platform Amazon Prime for the Tim Tszyu vs. Keith Thurman fight.
While the show went on, Thurman’s eleventh-hour withdrawal from the fight left many feeling dissatisfied. Regardless, Glaser continued, “The question is how much control will #Haymon have if a new investor comes in & saves the sinking ship known as PBC? The investor is as serious as a heart attack.”
Glaser wrote on X, “Possible good news for #AlHaymon’s failing #PBC, they’re currently in talks with a very strong investor to refinance PBC with fresh money.”
Glaser continued, “The question is how much control will #Haymon have if a new investor comes in & saves the sinking ship known as PBC? [The] investor is as serious as a heart attack.”
Possible good news for #AlHaymon‘s failing #PBC
The tweet from Glaser read, “Possible good news for #AlHaymon‘s failing #PBC, they’re currently in talks with a very strong investor to refinance PBC with fresh money. But the question is how much control will #Haymon have if a new investor comes in & saves the sinking ship known as PBC. The investor is as serious as a heart attack.”
Often, when an investor swoops in with cash flow for a company, the power dynamic changes as these investors enforce a new business model and approach. Glaser remarked, “Myself, I wouldn’t advise anyone to put a dime into that horribly run company, with a totally antiquated dinosaur business model. Stay tuned.”
As of now, the company has not provided a response. However, with a major event featuring Gervonta Davis and Frank Martin on the horizon, it’s reasonable to assume that the situation isn’t as dire as Glaser may try to make it look. PBC’s potential downfall aside, Glaser has never really looked eye-to-eye with Al Haymon, considering his comments on Haymon involving Floyd Mayweather.
Glaser’s Scathing Remarks
Often, when an investor swoops in with cash flow for a company, the power dynamic changes as these investors enforce a new business model and approach. However, Glaser thinks, “Myself, I wouldn’t advise anyone to put a dime into that horribly run company, with a totally antiquated dinosaur business model. Stay tuned.”
As of now, the company has not provided a response. However, with a major event featuring Gervonta Davis and Frank Martin on the horizon, it’s reasonable to assume that the situation isn’t as dire as Glaser may try to make it look. PBC’s potential downfall aside, Glaser has never really looked eye-to-eye with Al Haymon, considering his comments on Haymon involving Floyd Mayweather.
Glaser Alleges Al Haymon Owes Floyd Mayweather $100 Million
Floyd Mayweather is currently embroiled in controversy, suggesting he is stuck in Dubai due to some failed dues, something Glaser had reported on X previously. According to Glaser’s tweet on May 16, Haymon owes Floyd Mayweather $100 million from their past partnership in fights. Apparently, Haymon hadn’t paid Mayweather the money because he had instead invested it on behalf of the boxing legend.
“Rumors abound, & now hearing from reliable sources that #AlHaymon supposedly owes #FloydMayweather 100 Million dollars from past purses, telling Floyd he was ‘investing’ the money for Floyd, & now #Haymon’s been nowhere to be found since December 18, 2023! This could be the reason why #Floyd had his financial issue in #Dubai,” Glaser alleged.
Uncertain Future for PBC
Alright, there’s been no official word confirming what Rick Glaser mentioned about the promotional company. But if there’s a new investor jumping in, people will probably hear more about it sooner or later. Until then, the tension surrounding PBC and Al Haymon continues to build, leaving fans and fighters alike in a state of uncertainty.
