Boxing’s disappearance from terrestrial television, proliferation of its governing bodies and internal politics may have led the sports out of popular consciousness, but that couldn’t diminish the astronomical financial turnover of the long-awaited Mayweather-Pacquiao fight scheduled on May 2 at MGM Grand in Las Vegas.
1980’s is considered as the last golden age of boxing in America when such bouts happen on regular occurrences.
But now it almost took years for the Mayweather-Pacquiao match to become official.
Floyd Mayweather, 38, with a stunning 47-0 track record, locks horns with the great Filipino fighter Manny Pacquiao, 36, with six world championships under his belt.
The bout is historic in financial terms. Mayweather will earn $150 million and Pacquiao, $100 million.
The MGM Grand Arena has a capacity of 16,000. But only 1,000 tickets were sold to the general public. The live-gate sale will be $74 million, more than triple the last record, surpassing this year’s Superbowl, watched by 70,000. Each boxing fan will have to pay $1oo to get a live taste of the bout.
The cost of tickets in the resale market has reached a staggering $141,000 for a $10,000 seat. Most of this sum will go to the boxers’ pocket.
Given the numerous revenue streams involved it’s hard to predict how much money each fighter earns once the bout is over.
Mayweather has raked up more than $400 million from his career, spanning 19 years in professional boxing. He is the highest-earning athlete for the last three years. Pacquiao, coming from a humble Philippine background, earned $263 million from the rings so far.
Whoever wins the fight on Saturday might be able to claim himself as the greatest fighter of the era.