So I gues 50 cent was telling the truth
- Thread starter ilovejesus
- Start date
He's getting 80 million a fight. It's pretty much impossible to spend all that money and go broke. You'd have some kind of assets to show for it. Mayweather doesn't strike me as the type to rent or lease. He probably owns everything. He's foolish with money but it's simply because he can be.
you must not have heard the Chris rock joke
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So after Mayweather said he won't work with Golden Boy after Schaefer left, he agrees to a rematch with Maidana today...and Golden Boy will promote it.
I thought he was going to promote himself.
http://espn.go.com/boxing/story/_/i...eather-jr-marcos-maidana-sequel-signed-sealed
The fight will be promoted by Golden Boy Promotions, which has promoted all of Mayweather's fights since 2007. The reason why that is noteworthy is because last month, in the wake of the resignation of Golden Boy chief executive Richard Schaefer, who is very close to Mayweather, Ellerbe told ESPN.com that they would no longer work with Golden Boy.
"Absolutely not," Ellerbe said when asked if they would work with Golden Boy minus Schaefer.
Mayweather himself said before the first fight with Maidana -- when Schaefer's future at the company was in question -- that the only reason he worked with Golden Boy was because of Schaefer. Mayweather does not have a good relationship with Golden Boy president and co-founder Oscar De La Hoya, who has taken the reigns of the day-to-day business of the company.
But the decision to remain with Golden Boy came down to business. Mayweather Promotions is not licensed in Nevada, and although it could have hired somebody else, Golden Boy is one of the biggest promotional companies in the world, has loads of experience with Mayweather events, the MGM and the sponsors, not to mention that Maidana is promoted by Golden Boy.
So let me get this straight...Mayweather can supposedly promote himself except in Nevada, but every fight he's ever had since 2007 has been in Nevada...despite massive pushes to get him to fight at the Barclays Center in Brooklyn and at Cowboys Stadium in Dallas.
So, all this talk about him being able to promote himself is kind of weak, since he always chooses to fight in Vegas where he's not allowed to promote..and thereby uses Golden Boy.
It's no difference than using shelf corporation when doing a Real Estate Deal
I'm not a licensed real estate agent, but I SELL houses all the time without limitations
I make a deal with the private seller that I will find him a buyer, since I can't receive commissions because I'm not licensed
I create a DBA, saying I performed a service for the seller, and attached a lien onto the property for let's say construction, or consulting some fabricated reason why he has to pay me money
business terms are just terms, you can also get around them through creativity
He said there's a difference between being rich and wealthy
you don't get wealthy by writing checks you get wealthy by receiving checks
That's the problem with people, they don't understand money, don't understand business, have this fukked up view of what boss is
money circulates, there's no one person sitting on a pile of money dictating who it goes too
Mayweather might have requested Golden Boy to write him a check from their account, because it might fees associated with getting straight up, I don't know where the money goes after it's made from PPV and the from the Gate, but he has to go somewhere before split up
saint25225
Pro
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The Nigerian
The Realest Member of TheColi
Not smart. "Talking sh!t" after a bad deal makes the next one even more difficult. Especially true if that sh!t talking violates confidentiality agreements and what not.
50 might get hit with a law suit if he doesn't STFU.
Thing is though with him he buys depreciating assets (from what has been told).
He owns 3 Bugatti, tens of millions of dollars worth of customized jewelry. And has an entourage probably 70+ strong. He employs random redbone broads pays them 70k a year and what is their title? Assistant
...He employs a random broad that is in charge of just picking up cash monies from the bank
He takes this same entourage and goes on shopping sprees with them at designer boutiques.
50 Cent said he hates to be alone, so basically he buys friends, and it is said he blows through $3+ million a month. Yes he wont go broke as soon as he retires. But when he retires, he also has a lifestyle to uphold. And being a retired fighter without any legitimate promotional company or other endorsements, in 10 years he may very well be Tyson status.
↓R↑LYB
I trained Sheng Long and Shonuff
You seem pretty knowledgeable on the subject so in your opinion is TMT an actual promotion company or is it a shell like the article described? Would it make sense for Floyd to cut the middle man out the picture or is the deal with GBP good enough that he actually has power/control in the industry.
↓R↑LYB
I trained Sheng Long and Shonuff
↓R↑LYB
I trained Sheng Long and Shonuff
He's actually making bread off those headphones. He has a deal with Disney that all headphones are made through SMS audio. I don't know how many head phones those are but I'd imagine having that sort of partnership would be pretty lucrative.
TheProfessor
Pro
Good for him. Might have to buy a pair so I can put them on and tune him out next time he starts gossiping about people who don't pay attention to him anymore.
Positive Posting
Pro
Did you guys hear Floyd side of the story.
Yea the reason they don't talk anymore is because Floyd is too lazy/scared to make his own promotions. 50 saw how much money he was missing out on and made the promotion for floyd but Floyd was likewhen it was time to buy in.
Floyd would rather spend 3mil on that new car he has than 1mil on a real promotions company and make double the earnings each fight plus earnings off all the fighter he would promote for
You idiot.