The Floyd Mayweather-Manny Pacquaio fight – the biggest in boxing’s recent history – looms large as millions look forward to May 2 when both boxers will take the ring. While it remains debatable that this will boxing biggest ever fight, these numbers are proof that it is most certainly the richest in history.
The super fight is expected to generate as much as $400 million from various revenue streams despite the fact that organizers have had a relatively short window to run marketing promotions. Regardless of time constraints, the fight will break many records. Revenue streams include Pay-Per-View (PPV) television sales, gate revenues and sponsorship.
The cheapest available tickets for the fight at MGM Grand Garden Arena are reportedly on sale for $1,500- if you can find them. According to various reports, the 500 tickets made available to the public were sold out in one minute. Other ticket prices range from $10,000 to as high as $100,000. The fight could generate as much as $74 million from live gates. This will trump the existing record of $20 million set during Mayweather’s fight against Saul Alvarez in 2013.
Total purse available to both boxers is a guaranteed $200 million. Floyd Mayweather will earn 60 percent ($120 million) while Manny Pacquaio will earn 40 percent ($80 million) of the total purse. This dwarfs previous top billing purses for both boxers with Mayweather’s previous big cheque being $75 million for his fight against Saul Alvarez while Manny Pacquaio’s stands at $30 million for a fight against Juan Manuel Marquez. It represents a $45 million increase in record prize money for Mayweather and a $50 million increase for Manny Pacquaio. It also solidifies the position of two boxers as the sport’s most lucrative duo, having previously grossed $1.6 billion in PPV revenues in their previous respective fights.
Sponsorship money will total $13.2 million according to reports. This money will be sourced from the five title sponsors of the fight. Tecate dropped $5.6 million to become the official beer while other sponsors such as the Mexican Tourism Board and Smart Communications also parted with large sums. Weinstein Company and Paramount Pictures also set in as sponsors to promote their upcoming movies.
Floyd Mayweather, like every boxer will be wearing mouth-guard. Unlike every boxer though, his will be a $25,000 mouth-guard which is incorporated with diamond dust, gold flakes, and a $100 bill cut-out.
Manny Pacquiao will reportedly bank as much as $2.25 million from advertisement on his trunks and headband. Companies already confirmed to have ad space on Pacquaio’s trunks include Motolite, Nike, Cafe Puro, and Air Asia.
Music mogul Sean Combs, popularly known as P Diddy, and Hollywood A-list actor Mark Wahlberg placed a bet of $250,000 on the fight. P Diddy is backing Floyd Mayweather while Wahlberg is is backing Manny Pacquaio. The bet was announced via P Diddy’s Instagram account.
Let’s help you put Floyd Mayweather’s $120 million purse in perspective. The boxer’s earnings in one night will surpass the total yearly wage bill of 20 Major League Baseball teams, 15 English Premier League teams and all 30 NBA teams.
The fight is widely anticipated not just in Las Vegas or the United States of America but all over the world with international broadcast rights sales set to total around $35 million. The fight will be beamed in every continent and will be shown in sub-Saharan Africa by SuperSport.
MGM resorts is also one of the winners of this boxing event as with the pay-per-view service unavailable in Las Vegas hotels, interested fans will have to pay $150 to watch a closed-circuit broadcast of the fight at an MGM resort.