Matchroom Multi Sport is still profitable

MattPoland said:
Kinda curious how you obtain their financial statement like that. ...
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A search on the company/subsidiary name yields the corporate document pretty quickly. I think the general idea is that if a business has protection as a corporation, that corporation must file a public report of their activities. (So far as I can tell, none of the Matchroom companies has stock that is traded.)
 
garczar said:
Why would they be remotely public? Why does it really matter? Writin a book? As i said above MR has made TONS of $$$$ over the yrs from gaming connections. I'd go WAY on a limb and say 70% or better comes from gaming entities. Every event they've done almost always has gaming co's ads visible. This last one ,the WC's, was mostly Saudi PIF $$. Anything sports-related in SA is backed by the PIF in some way. In case some don't know, the PIF is SA's public image enhancing fk-off $$ backed by about 800BILLION petro dollars.
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All pure speculation, which is not what I was asking about. But thanks for trying.
 
spartan said:
Yes, correct. Their financial statements do not provide detailed revenue or profit of each revenue stream.
Their broad revenue streams for past years.
-Broadcasting/ streaming
-Sponsorship (including spillover sponsorship from gaming/ gambling companies that sponsor other big MR sports like boxing, darts , snooker )
-Gate collection/ ticket sales (presumably, their box office cash cow has to be Mosconi Cup. Other Open events though just don't collect much at the gate )

I am guessing other minor revenue streams include merchandising revenue, social media ad revenue (Youtube, Facebook), commissions :LOL:

View attachment 763500
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Thanks, didn't see this full version of the report anywhere else. Gives a heck of a lot more color to the report.
 
Bob Jewett said:
A search on the company/subsidiary name yields the corporate document pretty quickly. I think the general idea is that if a business has protection as a corporation, that corporation must file a public report of their activities. (So far as I can tell, none of the Matchroom companies has stock that is traded.)
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gotcha. It’ll be interesting once this finishes its first annual cycle and posts its financial report.

WORLD PROFESSIONAL NINEBALL POOL CORPORATION LIMITED filing history - Find and update company information - GOV.UK

WORLD PROFESSIONAL NINEBALL POOL CORPORATION LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk find-and-update.company-information.service.gov.uk
 
garczar said:
Still curious as to why anyone would care about this. What would knowing exact profit streams tell you?
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The extent to which Matchroom turns a profit in its specific pool-related ventures would offer clues as to how much more investment in pool (through event production and prize fund growth) can be expected from Matchroom in the short term.
 
This is my effort to look through all those listings, tease apart the holding structure, identify when each company incorporated, and what the most recently (2023) profits were for each.
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A common narrative is that boxing, darts and snooker are subsidizing pool which operates at a loss until Emily can truly grow the sport. I do feel like this challenges that narrative. We won't truly know pool's profitability until March 2025 when the WPNPC is required to file their financial statements. Until then we can only see that within Matchroom Multi Sport (MMS). I don't know the revenue streams of MMS but boxing, darts, and snooker have their own corporations and they are not subsidiaries of MMS. So what else is MMS doing but pool at this point? Is that 2MM profit basically just pool? I'm no expert at reading financial statements but it seems to me pool is standing on its own feet. And I'm sure that Saudi deal will have an impact on the WPNPC numbers quite positively.
 
MattPoland said:
This is my effort to look through all those listings, tease apart the holding structure, identify when each company incorporated, and what the most recently (2023) profits were for each.
View attachment 763701

A common narrative is that boxing, darts and snooker are subsidizing pool which operates at a loss until Emily can truly grow the sport. I do feel like this challenges that narrative. We won't truly know pool's profitability until March 2025 when the WPNPC is required to file their financial statements. Until then we can only see that within Matchroom Multi Sport (MMS). I don't know the revenue streams of MMS but boxing, darts, and snooker have their own corporations and they are not subsidiaries of MMS. So what else is MMS doing but pool at this point? Is that 2MM profit basically just pool? I'm no expert at reading financial statements but it seems to me pool is standing on its own feet. And I'm sure that Saudi deal will have an impact on the WPNPC numbers quite positively.
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I didn’t put the same effort as you into digging into this, but i agree with your conclusion that it appears pool was profitable for Matchroom. If so, that’s an amazing development for our sport.
 
The big thing is that pool fans have seen tours come and go. Many because their business models were not sustainable. It’s a talking point to know whether Matchroom’s growth and investment in pool is sustainable for us fans.

And at the end of the day we are talking about curiosity. There’s a galactic bell curve out there somewhere rolling the neurological dice and telling one person’s brain they don’t care about this information at all and telling someone else’s brain that it’s incredibly relevant and interesting. That’s just human behavior.
 
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