PBC Allegedly losing $446,127,000 Are Rumors True? Are They In Trouble?

On This Super Bowl Sunday Edition, the gang will discuss the rumors of the financial losses of PBC and if they are in serious trouble or not?Waddell & Reed's Investment in Haymon: $82 mil. Remaining (of $521 mil.) as of December 31, 2015, self.Boxing
submitted 9 days ago * by jimwilson128

Building off of my last post of the Q3 results from the mutual funds managed by Waddell & Reed that invested in Haymon:
Acquisition cost (initial value) of combined investment: $528,481,000
Value of combined investment as of September 30, 2015: $214,288,000
Value of combined investment as of December 31, 2015: $82,354,000

To date, the investment made into Media Group Holdings, Series H (which invested in Haymon Boxing) by the three Waddell & Reed funds (Ivy Asset Strategy, Ivy VIP Asset Strategy, Waddell & Reed Advisors Asset Strategy) has lost 84% of its value. At this rate, the investment will be worth zero dollars by the end of February, which implies that Haymon will run out of funding at that time.
Edit: Headline contains a typo. Should say $528 mil.

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