The biggest match in the history of boxing has recently revealed the value of its fight purse.
Floyd Mayweather and Manny Pacquiao are set to collide on May 2, 2015 in Las Vegas for their long-anticipated bout. Yahoo! Sports reported that Mayweather will earn up to $180 million while Pacquiao agreed to get the lesser share of the 60-40 split and will likely earn over $100 million.
Bob Arum, Top Rank CEO, had said that the live paid gate may reach $72 million, which is more than three times bigger than the record $20 million set by the Mayweather and Canelo Alvarez bout in 2013. Considering how the economy has significantly improved in the recent times, the amount will likely be staggering.
Arum said in a report by Fox News, "For whatever it's worth, the buildup over these years has certainly enhanced the fight. Everybody knows about it now, even people who don't follow boxing. Plus we have a good economy, unlike in 2009 when people were out of work and didn't have the money to spend."
Ticket prices at the MGM Grand Arena reportedly range between $1,500 and $7,500, depending on whether fans will be watching on the upper deck or ringside. Tickets are also very hard to come by, since only a limited number will be released to the public. Most have already been reserved for promoters, sponsors and A-listers. Even other big celebrities will find it difficult to buy tickets, even if they pay the full fare.
Based on the same report by Fox News, promoters announced an agreement with Sky Sports to televise the fight on pay-per-view in England and other parts of Europe. The deal is expected to rake in another $35 million from foreign rights. Sponsorships are expected to bring in another $10 million. Pay-per-view in the United States will cost $100, but HBO and Showtime are yet to announce the official rate for their own broadcasts. The two networks stated that they are still negotiating with satellite and cable system providers.
Home pay-per-view buys are expected to be at least 3 million, which means that Mayweather Promotions and Top Rank Promotions will earn around $200 million from PPV alone. Adding $100 million gross income before PPV, the two camps will have a total of $300 million to split, with Mayweather getting the lion's share of $180 million.
Boxing News 24 reported that considering how both Mayweather and Pacquiao will get the biggest payday of their lives, it will be hard not to contemplate a rematch.
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