The Park Avenue Desperado

A dive into the past of boxing, this article – originally published in 1980 – examines the life of the most powerful boxing promoter of the time, Bob Arum. In boxing, Arum was a forerunner of the pay-per-view industry. “I think, given the rate of inflation, that I’ll be able to charge—easily and comfortably—$20 per home. Let’s say we get 30 per cent—that’s a conservative figure—of the sets in use. At $20 a pop, that’s $60 million. Comsat takes its 20 per cent, leaving me $48 million.” Read full article here

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