This news have been entering my eyes since yesterday, but i've been ignoring it. But it's like i can't ignore it again o.
The May 2 welterweight bout between Floyd Mayweather Jr. and Manny Pacquiao is poised to be one of the most money-earning events in boxing history. ESPN has a round-up of the various records that the fight has already broken or will soon break. In short: The match's total revenue could surpass $400 million (Iyammi!).
Here are some more takeaways from the report:
The "live gate" at MGM Grand Garden Arena will earn $74 million on the sale of roughly 15,000 tickets, with premium tickets selling for $10,000 a piece.
Very few of those tickets will be publicly sold—the vast majority are reserved for private sale by HBO, Showtime, and the MGM Grand.
More than 3 million pay-per-view buys are expected to sell for around $100 per piece, generating $300 million in domestic returns and an additional $35 million in foreign markets.
Tecate outbid Corona $5.6 million to $5.2 million to become the event's title sponsor, which is "by far the record."
The proceeds will be split 60/40 in favor of Mayweather's camp, which should help pay for Floyd's $1,000-a-plate personal chef.
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