- March 24, 2015
- 9:45 pm
- Sara K. Gramata
- no comments
The Big Fight for Money
In today’s age, boxing is not a dominant, weekly sport like it was in the early 1900s. Now is relegated to big matches a couple times a year. But the big difference is the money attached to the bout.
Although the Mayweather-Pacquiao fight isn’t until May 2nd, the financial stakes are constantly be raised. Mayweather stands to earn about $180 million in one night, or close to what Derek Jeter earned in 10 years. His 60/40 split with Pacquiao will likely earn the latter a cool $100 million or more.
Why so much more than previous years? The economy is on the rise and so are the expected gate receipts. Even people who don’t follow boxing are following this match.
As a result, Tecate beer just signed on as the official beer sponsor for a cool $5.6 million, despite Corona being a long time sponsor. Ticket prices have already been raised due to the incredible demand and now topping out at $10,000. And with only 15,000 public tickets, no doubt the second market will escalate these prices.
And many experts believe the record of 2.4 million buys on pay-per-view will be shattered, especially given the international lure this fight holds.
The numbers don’t lie. Sports are big business. No matter how you look at it.