Announcement

Collapse
No announcement yet.

Is the UFC Purchasing Premier Boxing Champions?

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Is the UFC Purchasing Premier Boxing Champions?

    Click image for larger version  Name:	839156262.jpg.0.jpg Views:	1 Size:	205.3 KB ID:	13373

    By Miguel Iturrate

    Several news outlets are reporting that the Ultimate Fighting Championship's parent company Endeavor is in talks with Al Haymon to purchase the Premier Boxing Champions. The deal is far from happening and will be complicated if it is completed. Let's look at some of the details.

    Dana White has been the face of the UFC since the brand was purchased by Zuffa in 2001 and over the years he has repeatedly hinted about invading the world of boxing. In his early days as the UFC's head honcho, White even challenged his biggest star, Tito Ortiz, to a boxing match. The match never happened but to this day White will tell you he would have beaten Ortiz in a fight under Queensberry rules.

    In more recent years the UFC co-promoted the Conor McGregor versus Floyd Mayweather Jr match and White, although he would vehemently deny it, also had to have at least tacitly approved of Oscar De LaHoya's promotion of the third bout between Ortiz and his rival Chuck Liddell. That match-up was likely assessed by White this way: "If Oscar wants to promote MMA let him lose his money," but he didn't stand in the way of De La Hoya and his Golden Boy Promotions.

    White's name has also come up in connection with Anthony Joshua. White is said to have had a huge offer ready for the then heavyweight champion, but he backed off when the realization hit that he could not make matches for Joshua in the way he is accustomed because he had no roster of potential opponents. However, White has been insistent that the UFC will "100 percent get into boxing."

    Under new owners Endeavor, White cannot operate like he did under old owners Zuffa, but if the deal goes down it is likely because White crafted some type of long term vision that he sold to Endeavor co-founder and CEO Ari Emanuel (pictured).

    When Endeavor purchased the UFC in July of 2016 for a reported $4.05 billion, White agreed to guide the company for at least five more years, of which roughly two are up.

    On the flipside, it is difficult to see Al Haymon relinquishing control of PBC. More than likely Haymon would stay in charge of the PBC wing and Endeavor would serve as a cash cow to keep what he has built going.

    Haymon must stay aboard for another reason, though few will say it. The reason is ethnicity. If Haymon is left out, that would basically leave Leonard Ellerbe and his boss Floyd Mayweather Jr as the only prominent African-American promoters in boxing and that would not be a healthy situation.

    Premier Boxing Champions has a diverse group of fighters among the over 200 pugilists under contract. Some are African-American as are many of Haymon's key employees and associates. Frankly, at least a portion of those fighters and employees would not feel the same comfort level they have with Haymon if Emanuel, a member of an influential Jewish family (his brother is former Chicago mayor Rahm Emanuel) and Vegas power broker White were abruptly substituted.

    Another effect on the PBC model is on the promotional end. Haymon has cobbled together a group of promoters that operate regionally under his PBC umbrella. The model that Endeavor brings with the UFC will have a more centralized approach to promotion. How will the new owners deal with Lou DiBella in NY, James Leija and Mike Battah in Texas, and Tom Brown in California? Throw in the aforementioned Ellerbe and Mayweather, who operate primarily in Vegas but also in the Washington DC and Baltimore area. How will the promoters who work with the PBC see their relationship change if Haymon left and Dana White was in charge?

    Haymon has built the PBC over the years into a big business. He has the PBC on FOX and Showtime whereas the UFC, which previously partnered with FOX, now has a long-term deal with ESPN. This suggests that if a deal is made, PBC and the UFC will have to operate as completely separate entities under the same umbrella, at least for the foreseeable future. And even that might be further away from happening than most people realize.

    Check out more boxing news on video at The Boxing Channel
Working...
X