By Connie Wardman
Touted as the “The Fight of the Century,” the May 2 bout between Floyd Mayweather Jr. and Manny Pacquaio at the MGM Grand Garden Arena in Vegas is certainly pushing revenue numbers on a GRAND scale.
Unless you have a trust fund or you’ve just cashed in your 401K, don’t expect the ticket to fit into your weekly entertainment budget for bowling, burgers and beer. Even if you’re staying at the MGM Grand or one of its other properties, don’t plan on a comp ticket for this match unless you’re a reeeeeeeally a high roller – ticket prices range from $1,500 – $10,000 – apiece! Geez Louise, beating one another to a bloody pulp has certainly gotten expensive these days.
According to WalletHub, a personal finance website, the ticket revenue from the MGM’s 15,000-seat arena is expected to bring in $74 million with an additional $300 million-plus expected from domestic pay-per-view. Then throw in another $35 million in expected foreign rights (that includes $10 million for television rights in the Philippines).
Mayweather and Pacquaio are considered to be two of the world’s best boxers but their careers are in their final period – the time for each boxer to bring in big money to cover their lifestyles of the rich and famous is on the downhill side. Their wild spending and tax problems, however, have not. With a net worth of $280 million, Mayweather owes $50 million in back taxes according to the IRS and Pacquaio, with a net worth of $110 million, owes $75 million in taxes in the Philippines.
While I’m not a big statistics lover, the numbers that surround this fight are fascinating. For example, Mayweather’s collection of exotic cars are color coded based on where he has them stored – all white cars are located in Miami; all black cars are located in Vegas. Take a look at WalletHub’s full infographic and enjoy the information. It may be the closest you’ll get to being part of this “clash of the titans.”
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