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Most recent 10 results returned for keyword: Pacquiao (Search this on MAP)

https://plus.google.com/108469326885752072568 K Step hen H D : LOS ANGELES — No matter who wins the richest boxing match in history on May 2, Manny Pacquiao will receive...
LOS ANGELES — No matter who wins the richest boxing match in history on May 2, Manny Pacquiao will receive part of his pay the next business day from his promoter, Bob Arum.

“On Monday morning, I will hand Manny a check for $50 million as a down payment, guaranteed,” Arum said.

It is a bit more complicated than that — it is a wire transfer, actually, and 30 percent of it will be shaved off for the Internal Revenue Service, Arum said. But the bottom line is that the long-anticipated championship welterweight match between Pacquiao and Floyd Mayweather Jr. will earn hundreds of millions of dollars, mostly for the fighters.

Mayweather will receive a substantial portion of his earnings immediately after the fight, said Leonard Ellerbe, chief executive of Mayweather Promotions. He would not disclose how much.

“I will tell you this,” Ellerbe said. “Floyd Mayweather’s check will be a lot more than $50 million. And then it goes from there.”

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The contract calls for Mayweather to receive 60 percent of the revenue. Pacquiao will get 40 percent. When all the accounting is done, each man should make well over $100 million, about double the biggest previous boxing payout, demonstrating that boxing’s slow fade in popular culture has not diminished the potential returns of the biggest bouts.

Photo

Manny Pacquiao has agreed to second billing in promotional materials and a lower percentage of the payout. Credit Monica Almeida/The New York Times
“This is a unique situation, the confluence of time and event — the two biggest fighters in the world coming together,” Ken Hershman, the president of HBO Sports, said.

Mayweather (47-0) and Pacquiao (57-5-2) are generally regarded as the two best fighters, perhaps in any weight class, of the past decade. But tangled in boxing’s familiar knot of egos, contracts and self-preservation, a head-to-head bout looked unlikely as the aging boxers (Mayweather is 38, Pacquiao is 36) moved toward retirement.

A chance face-to-face meeting between Mayweather and Pacquiao at a Miami Heat game in January prompted true negotiations between the two sides, with Pacquiao agreeing to second billing in promotional materials and a lower percentage of the payout.

“We’re both bigger names than we were five, six years ago,” Mayweather said at his gym in Las Vegas on Tuesday. “We’re meeting at the pinnacle of our careers. The time is right.”

The numbers are dizzying, even for Mayweather, nicknamed Money, whose estimated $105 million for two fights last year made him the world’s highest-paid athlete. To keep it straight, HBO and Showtime, rival networks co-producing and co-distributing the pay-per-view event in a rare agreement, have created a central accounting system.

HBO has a long-term contract with Pacquiao, while Showtime has rights to Mayweather’s fights. The only other time the networks worked together in such a way was when Mike Tyson fought Lennox Lewis in 2002.

“They distribute the revenue in accordance with the contracts of the two fighters, so that there is no side money,” Arum said. “We felt that this was the most reasonable way to go. It’s the way we’ve done it to prevent the accusations that we usually get, that this promoter is stealing from that promoter.”

All revenue from the fight — the foreign broadcast rights, closed-circuit income from bars and theaters, ticket sales, sponsorships, merchandise sales and so on — goes into the pot. That will be about $130 million.

The biggest revenue stream will come from the pay-per-view broadcast, sold to households by cable systems and satellite providers at a suggested price of $89.95. Mayweather’s 2007 defeat of Oscar De La Hoya was purchased by nearly 2.5 million households, but expectations are that this one will easily surpass that mark. Some suggest it could be bought and seen in four million homes.

Three million households would bring in an estimated $270 million. Under the deal, cable companies and satellite providers will receive 30 percent to 40 percent of gross pay-per-view revenue, depending on the level of marketing each does.

A majority of the pay-per-view revenue will go to the fighters, minus a small cut (7.5 percent, divided evenly, Arum said) for HBO and Showtime.

When the revenue is combined, the two fighters could divide around $300 million for a 12-round fight that will take less than an hour.

Promoters and television executives said the big payday was a result of pent-up demand to see the top fighters finally fight each other.

“The demand is what’s driving the revenue,” Ellerbe said.

The 60-40 split has a small wrinkle, Arum said. For revenue between $160 million and $180 million, the winner of the fight will get 51 percent ($10.2 million), Arum said, with the loser taking 49 percent ($9.8 million).

Revenue below and above that window will be divided, 60-40, in Mayweather’s favor, Arum said. Ellerbe would not confirm or deny the breakdown, citing confidentiality.

The pay-per-view numbers will not be tabulated until after the fight, but most other revenue streams are roughly set. The gate receipts for the MGM Garden Arena in Las Vegas, where the fight will be held, will be about $72 million.

There will be at least $35 million from international broadcast sales, $13 million from closed-circuit broadcasts at bars around the country and $12 million from sponsorships. Merchandise sales may reach $1 million.

That money is already accumulating.

“We have the account number, and our foreign purchases are already wiring money into the account,” Arum said.

On the other side of the equation — what comes out, and when — the only certainty is that the richest fighters are about to be much richer.
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https://plus.google.com/105004673300033909773 Kicker Daily News : [Kicker Daily News] Fans must pay $10 entrance fee to attend Mayweather-Pacquiao weigh-in - http://bit.ly...
[Kicker Daily News] Fans must pay $10 entrance fee to attend Mayweather-Pacquiao weigh-in - http://bit.ly/1cG3baW
Fans must pay $10 entrance fee to attend Mayweather-Pacquiao weigh-in
The Mayweather- Pacquiao match is undeniably one of the most anticipated boxing fights in the history of the sport. Boxing fans all over the globe have waited for five years for this fight to happen and a lot of them are probably thinking of attending the official weigh-in ceremony of these two fighters because weigh-in ceremonies are usually free public events. This is a great opportunity to fans who may not be able to see the live fight to catc...
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https://plus.google.com/116136246824720123197 Da New York Timez : Dat Nu artikle (Keidel: Freddie Roach Is Pacquiao’s Trainer, Mentor, And Mouthpiece) ben wrote uhn w...
Dat Nu artikle (Keidel: Freddie Roach Is Pacquiao’s Trainer, Mentor, And Mouthpiece) ben wrote uhn www.DaNewYorkTimez.com
www.danewyorktimez.com/2015/04/17/keidel-freddie-roach-is-pacquiaos-trainer-mentor-and-mouthpiece/
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https://plus.google.com/114479026984499818166 The Boxing Observer : Mayweather v Pacquiao: Tensions running high as MGM fail to release fight tickets with just 2 weeks ...
Mayweather v Pacquiao: Tensions running high as MGM fail to release fight tickets with just 2 weeks to go - See more at:

http://www.theboxingobserver.com/2015/04/mayweather-v-pacquiao-tensions-run-high-as-mgm-fail-to-release-tickets-with-just-2-weeks-to-fight-night/

#MayweatherPacquiao #MayPac #Boxing #Boxeo #Boksing #Boxe #Boxen #Fightofthecentury
Mayweather v Pacquiao: Tensions run high as MGM fail to release fight tickets with just 2 weeks to go
By Jordan Stoddart Tensions are running high between Floyd Mayweather and Manny Pacquiao's camps ahead of their mouthwatering May 2nd welterweight clash. With just 2 weeks to go until the richest sporting event of all time, fight tickets are yet to go on sale for the MGM Grand WBA/WBO/WBC/Ring Magazine unification duel. The ticket sales alone are set…
53 minutes ago - Via Google+ - View -
https://plus.google.com/113372804755758386596 Jordan Stoddart : Mayweather v Pacquiao: Tensions running high as MGM fail to release fight tickets with just 2 weeks ...
Mayweather v Pacquiao: Tensions running high as MGM fail to release fight tickets with just 2 weeks to go - See more at:

http://www.theboxingobserver.com/2015/04/mayweather-v-pacquiao-tensions-run-high-as-mgm-fail-to-release-tickets-with-just-2-weeks-to-fight-night/

#MayweatherPacquiao #MayPac #Boxing #Boxeo #Boksing #Boxe #Boxen #Fightofthecentury
Mayweather v Pacquiao: Tensions run high as MGM fail to release fight tickets with just 2 weeks to go
By Jordan Stoddart Tensions are running high between Floyd Mayweather and Manny Pacquiao's camps ahead of their mouthwatering May 2nd welterweight clash. With just 2 weeks to go until the richest sporting event of all time, fight tickets are yet to go on sale for the MGM Grand WBA/WBO/WBC/Ring Magazine unification duel. The ticket sales alone are set…
53 minutes ago - Via Google+ - View -
https://plus.google.com/104605808921410178424 Fighting : Inside Mayweather vs. Pacquiao (Episode 1)
Inside Mayweather vs. Pacquiao (Episode 1)

Watch the video: Inside Mayweather vs. Pacquiao (Episode 1)
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Inside Mayweather vs. Pacquiao (Episode 1) The first episode of an intimate four-part documentary series chronicling the life of perennial pound-for-pound champion Floyd Mayweather as he navigates his collision course with Manny Pacquiao mayweather vs. pacquiao kickoff press conference, mayweather vs. pacquiao fight, mayweather vs. pacquiao promo, mayweather vs. pacquiao 2015, mayweather vs. pacquiao predictions, mayweather vs. pacquiao first take, mayweather vs. pacquiao- face off with max kellerman, mayweather vs. pacquiao face off, mayweather vs. pacquiao 24/7, mayweather vs. pacquiao all access, mayweather vs. pacquiao conference, mayweather vs. pacquiao are you ready, mayweather vs. pacquiao analysis, mayweather vs. pacquiao announcement, mayweather vs pacquiao 2014 announcement, boxing mayweather vs pacquiao full fight, boxing pacquiao vs mayweather, bradley on pacquiao vs mayweather, mayweather on pacquiao vs bradley 2, pacquiao vs mayweather bisaya, boxeo mayweather vs pac...
57 minutes ago - Via - View -
https://plus.google.com/114054338506029869822 henry chidi : I’m ready for Mayweather – Pacquiao Manny Pacquiao pronounced himself ready to fight Floyd Mayweather...
I’m ready for Mayweather – Pacquiao
Manny Pacquiao pronounced himself ready to fight Floyd Mayweather, saying he’s willing to engage the unbeaten American in the middle of the ring if that’s what it takes to win, AFP  reports. The eagerly-anticipated May 2 welterweight unification showdown in...
I’m ready for Mayweather – Pacquiao
Manny Pacquiao pronounced himself ready to fight Floyd Mayweather, saying he’s willing to engage the unbeaten American in the middle of the ring if that’s what it takes to win,AFP reports. The eagerly-anticipated May 2 welte...
1 hour ago - Via Google+ - View -
https://plus.google.com/109756053946177633459 James Arthur : Floyd Mayweather said "Only need 3 rounds to beat Manny Pacquiao" in an exclusive TV interview in Las...
Floyd Mayweather said "Only need 3 rounds to beat Manny Pacquiao" in an exclusive TV interview in Las Vegas
http://goo.gl/XUV7SH

#boxing   #mayweather   #pacquiao  
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