No one in James Harden’s camp stepped up to tell him this was a terrible idea?
When they told him it would do 10 million PPV buys, Harden should have walked out of the meeting.
There is no money left so even though he is suing it is unlikely he is going to get the full amount of what he invested.
Page Six has learned that Brooklyn Nets star James Harden has fired off legal letters in an attempt to recoup $2 million that he invested in a bizarre boxing tournament that pitted TikTok stars against YouTube stars in the ring. And he wants another $400,000 that he says he was promised in profits.
YouTube superstar Austin McBroom organized the “Social Gloves: Battle of the Platforms” event, which saw him box TikToker Bryce Hall as the main event.
But last month Billboard reported that the event was a financial “flop” that lost around $10 million. According to the trade, Hall alone was promised $5 million to take part in the fight.
The suit claims that McBroom’s company, Simply Greatness Productions, expected millions of pay-per-view customers to tune in for the fight fest — in fact, according to an investor deck included in Holder’s suit, McBroom expected 10,000,000 pay-per-view buyers, making it “the biggest pay-per-view event in history.” But only 136,000 fans paid the $50 to watch.
The event wasn’t too bad, I won’t tell you how I watched it, but I didn’t pay $50.
It should be noted that no boxing in the history of boxing has ever done over 5 million PPV buys, so to think that a TikToker and YouTuber no matter how popular would get anywhere near 10 million PPV buys let’s me know the whole thing was a scam to steal people money. Harden is never going to get his money back.
In fact, McBroom’s company is already telling people they don’t have the money and either come to the table with a reasonable offer or they will just file bankruptcy.
Flip the page for highlights from the event.