Is the Premier Boxing Championship bleeding money? Is Al Haymon’s doom around the horizon? Controversial boxing insider Rick Glaser, known for his harsh takes on everything boxing, thinks PBC is a “sinking ship” as he took to social media today to warn investors to steer clear of the boxing promotional company owned by Al Haymon. 

Not that long ago, PBC’s starfighter Canelo Alvarez cut ties with the company, citing disagreements with payout and next opponent. However, it was after the Riyadh ‘Ring of Fire’ event, where Frank Sanchez failed to perform, that Glaser shifted his sights to PBC! And 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Rick Glaser Criticizes PBC’s Outdated Business Approach

Hours earlier, 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 did go on, Thurman’s eleventh-hour withdrawal from the fight left a lingering sense of dissatisfaction among many. 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.”

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Often, when an investor swoops in with cash flow for a company, the power dynamic often 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 turned.” 

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.

However, Glaser alleges, “Haymon’s been nowhere to be found since December 18, 2023! This could be the reason why #Floyd had his financial issue in #Dubai.” So, questioning where Haymon is, Glaser advised the rest of PBC fighters to check up on their finances, implying Haymon could have gone AWOL with all the money. 

Alright, there’s been no official word confirming what Rick Glaser mentioned about the promotion company. But hey, if there’s a new investor jumping in, people will probably hear more about it sooner or later. What are your thoughts on the matter?