Floyd Mayweather and Manny Pacquiao's May 2 boxing match is not only the fight of the century, but can break live gate history too. Reportedly the Money versus Pacman bout can earn as much as $74 million alone for viewers who want to be at MGM Grand Garden Arena in Las Vegas Nevada. Is it Money for Manny or vice versa?
According to Top Rank chairman Bob Arum, via ESPN.com, the 15,000 tickets sales cost approximately around $74M. The sports-oriented site shared that Mayweather Promotions and Top Rank see to it double their earnings so from $1,000 to $5,000 they make ticket prices from to $1,500 to $7,500. However, the tickets will not be available for public sale it's up for Showtime, HBO, MGM Grand, promoters, and camps of fighters how they sell those their fans, supporters and customers.
"It's crazy, but it is what it is," Arum commented on ESPN. "It's amazing."
Another source of millions for this fight comes from their deals with different television networks like in the Philippines, Pacman's country, Solar TV sealed they're rights to air the match for $10 million. However overall it's around $35 million earnings for this aspect.
For pay-per-view segment, the forecast is it will be total to $300 million if all domestic sales combined including from Canada and United States.
"Based on all forms of revenue coming in #MayweatherPacquiao is not only a lock to generate more than $400M it could easily surpass $500M," ESPN's Dan Rafael's tweets on Monday.
Meantime, more than a month before their mega fight the two great boxers' camps are reportedly have dispute on drugs test. Pacquiao's team suggests that there must be $5 million penalty for every failed drug test of each fighter. However, Pretty Boy refused the idea and Mayweather Promotions CEO Leonard Ellerbe called Pacquiao's adviser Michael Koncz idiot.
"Michael Koncz is an idiot, and Manny Pacquiao should be ashamed to have him as his representative, in my opinion," Ellerbe said in his interview with ESPN. "It's obvious he didn't read the contract. Why would he have his fighter sign something he was not happy with? The deal was negotiated up and down by his promoter [Bob Arum of Top Rank] on behalf of Manny with Floyd and Mayweather Promotions, and it's been well documented in the media for quite some time.
"If this moron didn't convey his fighter's wishes when the negotiation was going on, that's their problem. This is a lame-ass attempt to generate publicity."
As for why this matter didn't include in the main contract, Koncz explained because that's about co-promotion and promoters. In addition to this, he said they're not forcing Mayweather but instead giving him an opportunity to prove something.
"What do you have to lose or gain in that argument? It's a simple thing - if you fail, you pay the other guy $5m. The issue is simple: are you willing to agree to a penalty of $5m? The drug-testing terms and any penalty, that's between the fighters not the promoters.
"We have no recourse. We can't force Floyd into something. But we gave them an opportunity to put their money where their mouth is and they wouldn't. I won't speculate why. To me there is no legitimate argument. We know we're clean. That's why Manny said he would pay $5m if he tested dirty. Manny was surprised. He can't figure out why they wouldn't agree to it when Floyd is always talking about cleaning up the sport of boxing."
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