How Brash Boxing Promoter Eddie Hearn Turned Matchroom Sport Into A Multimillion Dollar Company
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Inside the Hilton Syon Park hotel, on another cloudy London day in July, Eddie Hearn has gathered the media for what he bills as boxing’s next big U.K. fight, an August rematch between two-time former heavyweight champion Anthony Joshua and ex-British boxing champ Dillian Whyte. (Days after this story was published in the August/September issue of Forbes magazine, Whyte was replaced by Robert Helenius due to a failed a drug test.) Yet Hearn can’t help thinking ahead. Noticing former heavyweight contender Derek Chisora a few feet away, he crashes a KZread interview with another fighter, Fabio Wardley. “What about you two?” Hearn jokes, until both unexpectedly express interest and the wheels start turning. It’s no blockbuster match, but there isn’t a limelight too small, or big, for boxing’s perpetual hype machine.
The 44-year-old Hearn loves to put on a show. He’s pushed the boundaries of his family’s event promotion company, Matchroom Sport, to previously unimaginable heights, which Forbes estimates posted fiscal 2023 (ended June 30) revenue of $365 million and a net profit of $60 million. Much of that is thanks to the rejuvenation of its boxing division, which he has steered since 2012 from small-time enterprise to global brand. Boxing now accounts for over half ($235 million) of Matchroom Sport’s estimated annual sales and nearly $20 million of its cash flow. It is the biggest name in U.K. boxing, a nascent yet profitable player in America and an emerging presence in newer markets such as the Middle East.
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Пікірлер: 49
Everything Simon Jordan wished he was
Best promoter in the planet. Will be in the billionaires list soon with his old man.💯
I like Eddie Hearn 👍🏿
Great guy ❤
Best promoter in the business globally
@James-th7wb
9 ай бұрын
You have no clue.
@unbearabull
9 ай бұрын
@@James-th7wbwhos better
@TheMaestro8
9 ай бұрын
@@James-th7wbwe are still waiting.
Best sports company in the world
Good to see there is zero due diligence and research done by Forbes for this. Basically PR journalism.
The best like him or not
By inheriting it.
It's not snucker 😂
Eddie needs to buy boxing, so theirs one major brand. The best need to fight the best, and the undercards or co main events need to be bigger and better and given more attention. This is my favorite sport in the world, I hate to see how jumbled it can be for the common viewer
Simon Jordan's going to love this
Eddies the man he could sell sand to the Arabs,🥊🥊
@Theboxingobserver
2 ай бұрын
Its funny you should say that....
Lol he didn't his dad did , and the profits are not that amazing from 60 million boxing revenue they made 12 million profit the last tax year
Eddie forgot to mention the part where Sky gave him a monopoly and forced all other promoters out
@carlitor4173
9 ай бұрын
Not really, bt have queensberry so its not a monopoly, and he does mention it in the video, which obviously you haven't watched
@unbearabull
9 ай бұрын
@@carlitor4173🤣 these people
@freddiefreeman4119
9 ай бұрын
What makes you think Matchroom don’t have a say in their negotiations 😂 never been in business have you?
Simon Jordan needs to see this
Barry is the one who deserves all the credit, started the company and then guided his son to take the Co forward, Which Eddie has done very well and moved the company on big time. As much as he's a snake oil salesman, you gotta give him his dues, much respect
@activistbook3809
9 ай бұрын
all the credit??
@freddiefreeman4119
9 ай бұрын
Ok Simon
He's flopped massively in America, he's been a disaster at Dazn.
@James-th7wb
9 ай бұрын
Exactly
@freddiefreeman4119
9 ай бұрын
Envy is one of the seven deadly sins ya know
@James-th7wb
9 ай бұрын
@@freddiefreeman4119 Living vicariously through another is incredibly pathetic. Eddie doesn't love you back.
@Smokey2Mc
9 ай бұрын
@@freddiefreeman4119 It's not envy it's facts. Prove me wrong?
@Smokey2Mc
9 ай бұрын
@@James-th7wb Exactly James. 👍
Eddie Hearn has so many haterz
@mikhelBrown
9 ай бұрын
Because he's good at what he does and he's talking all the business off the table. That's why they hate him. 💯
@JohnODonovan1987
9 ай бұрын
@@mikhelBrowntaking all the business off the table😂 he has completely failed in the US and now his own broadcaster is throwing him under the bus for his lies.
His dad gave him a multimillion dollar company. The end.
@ianmiles4447
9 ай бұрын
Which Eddie's turn into a billion dollar company and were nowhere near the end 🤷🏻♂️
@shitmonkyable
9 ай бұрын
@@ianmiles4447 no he hasn't. What an odd thing to lie about
@TheIrishny
9 ай бұрын
Did you even watch the video? Its 30x the size it was now than when he took it over.
@JohnODonovan1987
9 ай бұрын
@@ianmiles4447it’s nowhere near a billion dollar company, behave. His venture to the US has been a complete and utter failure. He no longer has sell out shows. When AJ retired he has no stars in the UK. The move to DAZN has been great for the balance sheet temporarily but it is no wonder they couldn’t see a stake in the business like they wanted to. Their future revenues from boxing will come nowhere near the last 5 to 7 years. Any investor with a bit sense will be able to see this.
@freddiefreeman4119
9 ай бұрын
Those green eyes don’t suit you pal
Pleb
I can’t believe this video hasn’t got more views!! What a inspirational story of big scale business SUCCESS! You gotta give it to him! Eddie Hearn is a WORK HORSE of monumental proportions! 💯💯🫡🫡🫡