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3 minutes read

TGB Promotions Unable To Produce Fights As PBC Allegedly Deemed Bankrupt

TGB Promotions Unable To Produce Fights As PBC Allegedly Deemed Bankrupt featured image
Promoter Tom Brown and founder/owner of TGB Promotions has yet to reveal his promotion's boxing schedule for 2024. (Photo by John McCoy/Getty Images)

TGB Promotions, promoter of many well-known fighters including Errol Spence Jr. and Jermell Charlo, is acknowledged as one of the most prevalent American promotions yet seems unable to produce an event without Premier Boxing Champions (PBC). PBC, officially regarded as a management company, has been heavily associated with TGB to the point the two companies have nearly become synonymous―given the majority of TGB fighters are also signed to PBC.

However, with no fights scheduled by TGB Promotions (headed by promoter Tom Brown who the promotion was named after) for 2024, the promotion shows itself to be overly reliant to the PBC to the point it should basically be considered a subsidiary at this point. While countless of other promotions already have at least one event planned for this new year, TGB seems to be bound to the PBC who recently revealed they had struck a multi-year deal with streaming service Amazon Prime.

TGB’s last event was held on December 16th at the Armory in Minneapolis, Minnesota and featured Cuban WBA ‘regular’ super middleweight champion David Morrell and Ghanaian challenger Sena Agbeko as the headliners. The event was also the last broadcast of Showtime following their decision to no longer feature sports (including boxing) on their platform in 2024 and henceforth.

The lack of events by TGB makes sense given their unclarified partnership with PBC. PBC is widely regarded as a promoter in and of itself―even though this is not officially the case as this would be against the Muhammad Ali Act which bars managers from acting in the same capacity as promoters, and appears to be using TGB as a mere cover to prevent them from suffering any legal repercussions.

When taking into account that the TGB is basically a part of PBC, the absence of any boxing events by TGB can be attributed to PBC’s partnership with Amazon Prime not bearing any fruit. As boxing reporter/matchmaker Rick Glaser recently pointed out, the PBC has failed to organize any event in 2024 as of yet, despite their official newsletter surrounding the partnership with Amazon Prime indicating they would start showcasing their boxing events in March of this year.

Still waiting for that PBC-Amazon boxing schedule,Rick Glaser stated on Twitter yesterday.

[It’s] now 40 days since the PBC-Amazon deal was announced December 7, and still not even one fight announced for what is “suppose” to start in March per that December 7 media release. It’s now a bit of a mystery. Definitely not a good look to start a new deal.

TGB Promotions’ own lack of programming is indicative of their connection to the PBC, suggesting they are being used as a pawn of sorts to allow the PBC to evade prosecution for breaking the Ali Act by acting as both a management and a promotion company.

In regards as to why the PBC cannot produce any fights, Glaser released unverifiable reports of a lack of solvency by the PBC that has prevented their partnership with Amazon to bear any fruits.

PBC very recently was called “basically insolvent” by a highly respected media executive. That’s not a good sign if you’re awaiting boxing fight announcements. Don’t shoot the messenger.Glaser Tweeted recently.

“Basically insolvent” in this case means that the PBC is essentially bankrupt which might explain the lack of boxing programmes which should already have been announced given their stated ambition to produce boxing shows starting March of 2024.

Though it is unknown what the exact nature of the partnership between TGB and PBC is, there does seem to be case of co-dependency―or even sole dependency in the case of TGB―that may now be in jeopardy as PBC’s partnership with Amazon Prime continues to be on standby. With rumors of potential insolvency by the PBC, further doubts have been placed on their ability to produce boxing shows in 2024, and TGB Promotions has suffered quite significantly as they also appear affected.

The lack of action by TGB Promotions to find a solution for their predicament signifies their overdependency on the PBC, and pinpoints the suspected subservience they hold to the management company. Notably, even amongst other smaller promotions, TGB still remains one of very few promotions to be without any sort of boxing schedule for 2024.

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