Floyd Mayweather Jr.'s "Money" moniker was never more accurate than when he and Canelo Alvarez fought in the highest-grossing boxing pay-per-view of all time in 2013. Perhaps until now. According to reports, May 2 will shatter all of Mayweather and Alvarez's accomplishments when boxing's biggest draw faces his longtime nemesis Manny Pacquiao.
Some are estimating that Mayweather could record a $120 million payday for 36 minutes of work or less (if there's a knockout), and the fight itself could generate up to $400 million of revenue. $200 million of that will go to Showtime and HBO, while the remainder of the pot will be split up 60-40 between the fighters.
The over/under for pay-per-view buys has been set at 3.15 million buys. To put that in perspective, the record for PPV buys of 2.4 million was set when Mayweather took on Oscar De La Hoya in 2007. When adjusted for inflation, that fight would've generated $153 million, but even though Mayweather-Alvarez fell just short of the record for PPV buys, it still grossed more.
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The MGM Grand is also slated to profit a great deal from this super fight. ESPN boxing scribe Dan Rafael wrote that no more than 1,000 tickets are expected to be available to the general public, and the highest face value for some tickets could reach as much as $5,000. Those who are trying to sit ringside also have to give the MGM Grand a little action.
Bob Arum @ESPNLasVegas: To get ringside txs to Floyd/Manny, you must have at least a $250,000 credit line w/ MGM to even get consideration. — scott spreitzer (@scottwins) February 23, 2015
H/T my bro Mark Spreitzer (35 years in the LV casino biz) says the person must be willing to play the full 250k...not just have the line.
— scott spreitzer (@scottwins) February 23, 2015
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