The YouTuber turned pro boxer Jake Paul recently reckoned that Social Gloves, which Austin McBroom reportedly owns part of, could go bankrupt after underselling PPV tickets for YouTubers vs TikTokers.
Jake Paul gives the explanation
The June 12 YouTubers vs TikTokers bout was a boxing event that turned out to be a lot more memorable than many fans expected. The event saw knockout moments, controversies, and more. It even ended up trending widely on social media. Canelo Alvarez Exposes Rigged Charlo Fight In Video
However, the drama didn’t stop after the event was over, as two weeks later fighters like Vinnie Hacker claimed that they were yet to be paid. As per the reports, the event only made 136,000 PPV sales, falling short of the planned 500,000.
Following this, Austin McBroom was accused of owning part of Social Gloves, the company that organized the event. The internet users found the records from the United States Patent and Trademark Office directory.
Fellow influencer turned boxer believes that the pay drama and the massive loss in profit could even bankrupt Social Gloves. Here is what he said:
“They thought they were gonna sell a certain amount of pay-per-views, and they didn’t sell anywhere near that, and they spent way too much money putting the event on. So it probably has to bankrupt the company. It’s harder to sell pay-per-views than people think.”