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Floyd Mayweather vs Conor McGregor is August 26th 2017
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kosko Offline
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RE: Floyd Mayweather vs Conor McGregor is August 26th 2017
(06-20-2017 02:48 PM)RioNomad Wrote:  
(06-18-2017 03:48 PM)brick tamland Wrote:  What are the odds that Floyd ends up broke one day? It would be shocking but for now it's not out of the question. He already long ago made enough to never have to get out of bed for the rest of his life. But, who knows? He apparently spends up to $10 000 a month on haircuts.

Very, very low IMO.

Floyd isn't stupid. And it appears he has a great team around him managing his money.

He isn't Evander Holyfield, he's more like George Foreman.

I disagree. He is neither but isn't a savvy business guy. Mayweather has all his money tied up in 3 things:

Himself (Brand)

-Boxing is degressing each year and he is it's biggest draw. He can promote fights and control that market but the pot will continue to shrink over time.

-His brand is tied to him as a boxer and personality and that can only keep up post boxing if he can continue to be a showman and be a larger than life figure. Mayweather will have to continue to be a clown and buy tigers and expensive cars as nothing else will get him headlines if he isn't fighting. He has out himself into a corner.

-TMT sells Chinese T-shirts, key lanyards, coffee mugs, all low level crap that you will find in Target.

Mayweather isn't building Condos or Real Estate. He didn't have high value product tied to his brand (Jordan Shoes). He isn't investing in startups. He isn't owning Starbucks or Insurance outfits. He isn't even opening up restaurants. Overall he is showing poor business approaches and the only thing that saves him is that he has so much money, likely closer to a billion when all is said and done that he physically will be unable to spend it all in his lifetime.

Look at what Magic, Foreman, all did in putting money towards cash flow producing ventures and going after assets. Lebron James is slowly following this lead and even dudes like Jordan own real estate, car dealerships, restaurants, etc that all add cash flow and income to their bank account.
(This post was last modified: 07-16-2017 12:23 AM by kosko.)
07-16-2017 12:19 AM
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RE: Floyd Mayweather vs Conor McGregor is August 26th 2017 - kosko - 07-16-2017 12:19 AM

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