http://www.frankwarren.com/news/pres...l-venture.html
"It was announced today that Frank Warren, his sons George and Francis' company Queensberry Promotions and Bill Ives, one of Britain's leading businessmen, have signed an exclusive agreement to create a powerful, new, promotional organisation. The combination of the promotional powerhouse that is Frank Warren and the business acumen and financial investment of steel tycoon Bill Ives is designed to take boxing promotion in the UK to a new level."
"Frank Warren said, "I'm looking forward to this exciting new venture with Bill and my sons. We have in place a fantastic team with great boxers and with this significant investment we will continue to develop the best young talent into champions and household names and stage the biggest events. As a result of this new partnership, and due to the substantial amounts of money being owed to W. Promotions, I will now place W. Promotions into voluntary administration."
"Further announcements will be made in due course regarding major new signings and world title matches."
Here is a video of the announcement on Youtube:
http://www.youtube.com/watch?v=hSpKLEM5cMU
However one thing that worries me is:
"
BoxNation will be the primary outlet for the Queensberry Promotions events and the partners believe that this will accelerate the growth of the channel, which has already proved highly popular and has a large and growing customer base."
What do they mean primary outlet? Surely everything will be on Boxnation unless they are going down the PPV route or even some kind of deal with BT Sport.