Matchroom CEO Eddie Hearn has become a name synonymous with blockbuster fights and electrifying events in the world of boxing. With an uncanny ability to spot talent and create hype around marquee matchups, Hearn has been instrumental in elevating the sport to new heights. However, beyond the glitz and glamour of the ring, there lies a lesser-known side of the British promoter and his passion for high-stakes poker.

Hearn would find himself immersed in intense cash games, risking significant amounts of money in pursuit of that adrenaline rush. However, his passion for poker took a toll on his finances, leading to considerable losses that left him questioning his actions.

Eddie Hearn’s poker passion and its costly consequences

In a recent interview with Men’s Health Magazine, the British Promoter detailed his fascination with online poker. Hearn found himself irresistibly drawn to the allure of high-stakes poker. Playing into the early hours, the thrill of the game and the promise of big wins captivated him. However, as the losses mounted, Hearn began to grapple with the consequences of his actions.

“I would find myself playing high stakes cash games at all hours of the morning and going to bed, having lost a considerable amount of money, thinking, ‘What on earth are you doing?'” he said.

Recognizing the severity of his poker addiction, Hearn took a decisive step. In an act of self-preservation, he approached his colleagues and clients at various poker sites, urging them to ban his account and remove him from temptation.

“In the end, I actually had to speak to some of our colleagues and clients at these poker sites and tell them to just ban my account and take me off,” he added.

Many have always looked for adventures outside of their sport and Hearn was no exception. Following the thrills and challenges of the poker tables, the Matchroom CEO found himself yearning for new adventures.

It was during this time that he ventured into the world of stock trading. His initial success in poker may have fueled his confidence. However, Hearn soon realized that the stock market was an entirely different arena.

The transformation of Eddie Hearn: From poker to stocks

Hearn’s worst financial decisions stemmed from his venture into stock trading, a realm he fancied himself to excel. He recalls the initial allure of investing in stocks and shares, witnessing a promising run that evoked excitement. However, the dream of stock market success quickly turned into a harsh reality, as the entire investment came crashing down. The experience was quite brutal for Hearn, both financially and emotionally, as he lost a substantial amount of money during this period.

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“I always fancied myself as a little bit of a stock trader. So, anyone that first invests in stocks and shares, see that nice little run, and then you get excited and then you think you’re an expert, and then you know, the whole lot just came crumbling down. Quite brutal for me ’cause it was quite a lot of money at the time,” he said.

Behind the scenes, Hearn has faced his own battles. Despite this, learning from these costly mistakes, he has emerged with a newfound understanding. As he continues to shape the landscape of professional boxing, his candid revelation of his personal struggles serves as a reminder that even the most successful among us must navigate their way through life’s highs and lows, both in the ring and beyond.

What did you think about Hearn’s mistakes that ended up costing him financial losses? Let us know in the comments.

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