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Eddie Hearn has signed King Kong

WelshDevilRob

By WelshDevilRob
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Cableaddict Rising Star

Cableaddict

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Re: Eddie Hearn has signed King Kong

 

Great News!

 

 

Hearn's reputation is now on the line, so he's going to be VERY motivated to make this work. He'll probably even be willing to lose money in order to get Ortiz a title shot. (i.e. pay the opponent too much.) He also has the power of the press on his side, and can do a lot of damage to "the other guy's" reputation if they duck.

 

And while Ortiz is getting old, his style suits an aging fighter more than most guys, since he relies more on reflexes and in-fightng than long-range movement. He's certainly past his prime, but given the quality of opposition.... I think only Wilder, Parker, and Ugonoh could really give him trouble.

 

This is very exciting.

 

-----------------------------

 

BTW, I thought Ortiz-Takam was a done deal? That matchup sucks. Is it possible Hearn is going to off Ortiz to either Wlad or AJ? Holy cow ......

Edited by Cableaddict
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Cableaddict Rising Star

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Re: Eddie Hearn has signed King Kong

 

That is not how the Hearn family works - they're accountants.

 

Spend money to make money. Accountants worry about the tally at the end of the year, (OK, at the end of each quarter) - not every individual deal.

 

Plus, while Hearn seems pretty down to Earth, he also appears to have a pretty big ego.

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gavpowell Newbie

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Re: Eddie Hearn has signed King Kong

 

Spend money to make money. Accountants worry about the tally at the end of the year, (OK, at the end of each quarter) - not every individual deal.

 

I seriously doubt any accountant is keen on loss leaders, especially in an industry where fortunes can change overnight. He's always said he loves a pound note.

 

Besides, he might spend all his money getting Ortiz in position and then Wlad might manipulate Ortiz's drug results again...

Edited by gavpowell
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Cableaddict Rising Star

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Re: Eddie Hearn has signed King Kong

 

I seriously doubt any accountant is keen on loss leaders, especially in an industry where fortunes can change overnight. He's always said he loves a pound note.

 

 

Whatever, dude. I know how you love to argue. Wouldn't want to spoil your fun. ;-) :tea:

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gavpowell Newbie

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Re: Eddie Hearn has signed King Kong

 

This you have to explain. What was the deal there?

 

This will get a bit long-winded, so my apologies:

 

Matchroom Sport(the Hearn family business) owns or controls a variety of sports, most notably World Snooker and PDC Darts. They have signed sweetheart deals with ticket tout companies such as StubHub and ViaGoGo.

 

This means that Matchroom can say "Wow, our events are so good - this fight/snooker/darts tournament sold out inside 2 minutes!" Yet huge numbers of those tickets are already available on the touting websites, usually at 5 times the price(250 instead of 60 for Frampton Quigg, with some row W seats being offered at nearly £500) In some instances, you cannot buy A ticket from said sites, you must buy a pair for a thousand quid and turn tout yourself.

 

With snooker, though the sport has been transformed under Barry Hearn, the following things have happened:

 

World Championship tickets for the following year go on sale on finals day, as do tickets for several other major tournaments. This makes it harder for genuine fans to afford tickets, so we're left to either go the touts or risk missing out.

 

Ticket prices have continued to rise for every tournament, in spite of new TV deals, new site fees from the venue and a huge rise in sponsorship from giant bookmaking companies.

 

Years ago, the world championship had a "season ticket" option that allowed fans to reserve one seat for the entire 17-day tournament. This was abandoned years ago but Worldsnooker honoured the arrangement provided they didn't miss a year. This was recently changed to "You'll get to request a seat but no guarantees you'll get your pick. The cost is now a thousand pounds per year and must be paid a year in advance."

 

When Hearn was questioned about the touts, he said "I've got no problem with that - to be honest if we're selling them at 50 pound and someone else is selling them at 500 pound, we're the mugs for not charging 500 in the first place." Tickets for Ronnie O'Sullivan's second-round match last year were on Viagogo for £580 for one session of a two-session match. He had not even played his first-round match yet, but the company is officially endorsed by Worldsnooker.

 

Last year or 2014, the world semi-finals finished a day earlier than planned, so my £65 ticket for Saturday morning applied to a non-exsistent match. I called the box office to claim my refund, only to find Matchroom had decreed that there would be a short exhibition match between a retired great and a nearly-retired ex-champ.

 

Because of this, play was not deemed to have finished, so I could not have a refund. They expected me to drive 40 miles each way and pay about 15 quid in parking fees so I could watch two guys having a knockabout.

 

During this year's Masters snooker in London(my annual holiday), Stubhub had tickets for the final session at only 50% more than the sold-out box office price. I called Stubhub to ask if I could collect at the box office, but was told I had to travel 90 minutes to central London to collect from their office. The box office will happily let fans sit outside the arena looking at empty seats on TV because the event is "sold out" even though the tickets are on stubhub, viagogo or even ebay.

 

It's the same with the darts, the boxing(especially Frampton and Joshua, whose fight with Whyte was on PPV because Eddie gets the sponsors to fund the purses, gives the profit of the show to Joshua and takes a percentage as commission)

 

At least Eddie admits he's greedy, not that it helps anyone.

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Cableaddict Rising Star

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Re: Eddie Hearn has signed King Kong

 

Quite interesting, though this price-gouging happens with everything, including music tours, broadway shows, etc.

 

I'm not sure how this makes Eddie Hearn greedy, though. (He could well be, I don't completely buy his "nice guy" image, but I don't see a problem in this case.)

He's just selling off blocks of tickets at his normal price. He's not the one gouging the prices.

I see it more like he's a wholesaler, selling to retailers. That's just smart business.

 

 

I realize it might be a little more complicated than that, but really, is it?

The "little guy" consumer has a right to be pissed off, but be pissed off at the right people.

Edited by Cableaddict
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Cableaddict Rising Star

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Re: Eddie Hearn has signed King Kong

 

Last year or 2014, the world semi-finals finished a day earlier than planned, so my £65 ticket for Saturday morning applied to a non-exsistent match. I called the box office to claim my refund, only to find Matchroom had decreed that there would be a short exhibition match between a retired great and a nearly-retired ex-champ.

 

Because of this, play was not deemed to have finished, so I could not have a refund. They expected me to drive 40 miles each way and pay about 15 quid in parking fees so I could watch two guys having a knockabout. .

 

That's pretty shady, I must admit.

 

During this year's Masters snooker in London(my annual holiday), Stubhub had tickets for the final session at only 50% more than the sold-out box office price. I called Stubhub to ask if I could collect at the box office, but was told I had to travel 90 minutes to central London to collect from their office. The box office will happily let fans sit outside the arena looking at empty seats on TV because the event is "sold out" even though the tickets are on stubhub, viagogo or even ebay. .

 

I don't get this. The box Office for the event, and Stub Hub, where the event takes place, have two different prices? WTF? Do I understand correctly that Matchroom "is" the box office, and that they sell a large block of primo tickets TO the Stub Hub, when the event is first announced?

 

If so, then the Stub Hubb is therefore acting as a private entity, (legally able to charge whatever they want, or just give them away to executives, etc) so ONCE AGAIN I don't see how this is Matchroom's fault. Assuming this is correct, (I don't really know) then I envision an easy "fix," and it's telling that no system like this is in place:

 

Matchroom could insist, contactually, that any tickets originally sold to the Stub Hub and not yet re-sold or officially given away, within say 1/2 hr of the event's opening time, become available to the Box Office if anyone wants to buy them. That way, hard core fans could wait outside, hoping for a (decent) chance to get it, at the original box office price. Nobody loses money, and the event looks better on camera, due to less empty seats.

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Cableaddict Rising Star

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Re: Eddie Hearn has signed King Kong

 

Fine decision, but may delay eventual confrontation with AJ.

 

 

Yeah, Hearn probably did this at least in part to PROTECT Joshua. - But this will still probably be very good for Ortiz.

Edited by Cableaddict
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gavpowell Newbie

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Re: Eddie Hearn has signed King Kong

 

I don't get this. The box Office for the event, and Stub Hub, where the event takes place, have two different prices? WTF? Do I understand correctly that Matchroom "is" the box office, and that they sell a large block of primo tickets TO the Stub Hub, when the event is first announced?

 

Technically the box office at the world championship is Sheffield Theatres, but Matchroom, as Worldsnooker, control how many tickets, when they go on sale, the terms of sale and the price. Stubhub has always been a touting website and was hated by fans along with people going to concerts etc. So the "official" tickets go on sale, minus a large number. 10 minutes later, Eddie and Barry are all over Twitter going "We've sold out! Great stuff!" At which point Stubhub says "We've got 300 tickets at 4X face value."

 

They are now given/sold a large quantity of tickets to resell as official partners, but they are solely a secondary ticket site - they're not like Ticketmaster who help sell the tickets for the governing body, they are given an allocation to resell at inflated prices. These are never going to be resold at face value. Tickets will sell out through the official box office at face value, guaranteed, but they prefer to do both - sell a lot of tickets themselves but also take a fee from stubhub to provide toutable tickets.

 

All that would be required would be to say "Unwanted tickets can be returned to the official box office. If we discover any tickets being sold above face value, we will cancel those tickets and resell them through the official box office." It's been done for concerts and stuff before, but when the governing body/promoter is working hand in hand with the touts, and even says "Nicely done" it's more than a little disheartening.

 

Matchroom could insist, contactually, that any tickets originally sold to the Stub Hub and not yet re-sold or officially given away, within say 1/2 hr of the event's opening time, become available to the Box Office if anyone wants to buy them. That way, hard core fans could wait outside, hoping for a (decent) chance to get it, at the original box office price. Nobody loses money, and the event looks better on camera, due to less empty seats.

This has been suggested a few times(not least by me) but has been studiously ignored.

Edited by gavpowell
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The_budweiser Collaborator

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Re: Eddie Hearn has signed King Kong

 

[h=1]Luis Ortiz tops Monte-Carlo bill[/h]

Matchroom Boxing and the Casino de Monte-Carlo are delighted to announce a blockbuster night of World championship boxing on November 12 at Salle des Etoiles, Sporting Monte-Carlo in ‘Monte-Carlo Boxing Bonanza’ live on Sky Sports.

 

One of the world’s most dangerous and exciting Heavyweights, Luis Ortiz, tops the bill as he looks to add to his 22 KOs from 25 wins as he takes on Malik Scott for the WBA Inter-Continental title – with Ortiz making his European debut in his first fight since teaming up with Matchroom Boxing.

 

Page not found - - Boxing News - Ring News24

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Cableaddict Rising Star

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Re: Eddie Hearn has signed King Kong

 

What a fricking let down. Another meaningless fight for Ortiz, as he gets older & older. Even worse, Scott at his best is very slippery. He can potentially make Ortiz look bad, even if Ortiz wins.

 

And I guess now both AJ & Wlad won't be fighting again until 2017? Or will we see one of them vs Lucas Browne in December? (Another forgettable fight, either way.)

 

 

 

Time to start checking out MMA ......

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WelshDevilRob Proficient

WelshDevilRob

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Re: Eddie Hearn has signed King Kong

 

What a fricking let down. Another meaningless fight for Ortiz, as he gets older & older. Even worse, Scott at his best is very slippery. He can potentially make Ortiz look bad, even if Ortiz wins.

 

And I guess now both AJ & Wlad won't be fighting again until 2017? Or will we see one of them vs Lucas Browne in December? (Another forgettable fight, either way.)

 

 

 

Time to start checking out MMA ......

 

It looks like he has ditched that meaningless WBA 'interim' belt, which is a good thing cos now he can't be ignored by the other governing bodies. Hearn will navigate him into a shot at one of the belts and probably away from Anthony Joshua.

 

I have no problem with him fighting and beating up Malik Scott - hardly a ton of willing opponents available in November.

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gavpowell Newbie

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Re: Eddie Hearn has signed King Kong

 

What a fricking let down. Another meaningless fight for Ortiz, as he gets older & older. Even worse, Scott at his best is very slippery.

This will last about three rounds of Scott doing nothing, so I wouldn't worry. Anyway, you don't spend a lot of money on signing a fighter and then give him an actual fight - this is boxing, not professional sport!

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Cableaddict Rising Star

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Re: Eddie Hearn has signed King Kong

 

It looks like he has ditched that meaningless WBA 'interim' belt, which is a good thing cos now he can't be ignored by the other governing bodies. Hearn will navigate him into a shot at one of the belts and probably away from Anthony Joshua.

 

I have no problem with him fighting and beating up Malik Scott - hardly a ton of willing opponents available in November.

 

 

 

I guess. Better than nothing.

 

But again, if Scott is in shape & motivated, and decides to play it safe & survive to the bell, it could be a very boring fight. Ortiz needs another fan-friendly KO, to build up a frenzy with the casuals and so help get a top opponent next.

Edited by Cableaddict
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