Feature | Sep 21 2015

The making of Floyd Mayweather’s millions

Carlos Acevedo examines the impact of Al Haymon and his latest venture, Premier Boxing Champions
Floyd Mayweather vs Conor McGregor
Floyd Mayweather vs Conor McGregor  |  Esther Lin/Showtime

F SCOTT FITZGERALD, who skyrocketed to riches by chronicling the Jazz Age in novels such as This Side of Paradise, made his spendthrift philosophy clear to the libertine era that reflected it: “All big men have spent money freely. I hate avarice or even caution.”

On March 7, 2015, managerial kingmaker Al Haymon, backed by $425 million in capital from an investment firm, opened a new frontier in boxing under the banner of Premier Boxing Champions.

In the main event – the first card aired in prime time on US network television in nearly 30 years – power-punching Keith Thurman outpointed veteran Robert Guerrero at the MGM Grand Garden Arena in Las Vegas, Nevada. That the inaugural PBC bill took place in Sin City, the gaming capital of the United States, seems only fitting. After all, Haymon is gambling that he can revolutionise boxing with a spin of a roulette wheel of his own design. It is an audacious, daunting, and, in keeping with Fitzgerald, extravagant undertaking, and one that may spark a full-scale war among boxing super-powers.