This seems to have become a popular term with forum users who think they understand the business side of boxing. Every other post in the many Canelo - Benavidez threads seems to have "muh escrow" in it.
Escrow is generally not how entire purses are held/paid - particularly with PPV events. Escrow is used for proof of funds for deposits/guarantees, not the entire purse. No one was putting $300mil in escrow for Mayweather - Pacquiao, for example.
People misusing the term are applying this logic:
Escrow is generally not how entire purses are held/paid - particularly with PPV events. Escrow is used for proof of funds for deposits/guarantees, not the entire purse. No one was putting $300mil in escrow for Mayweather - Pacquiao, for example.
People misusing the term are applying this logic:
- Unfounded speculation about contract terms.
- Equating projected fight revenue with a guarantee.
- Demanding the misconceived 'guarantee' be placed in escrow.
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