Now what was promoted as the biggest fight in boxing history is over and the clear winner was Floyd Mayweather, it’s now time to count the money. The CEO of Mayweather Promotions, DC native Leonard Ellerbe and his partner Al Haymon begin to see if this is actually the biggest grossing fight in history. The record is Mayweather vs DelaHoya which was viewed by over 2 million homes. Keep in mind, that fights then were costing fans around 30, 40 and 50 dollars per house. This fight cost over 70 dollars, so the actual take will be bigger even if fewer households bought the fight.
Here’s a snapshot example of how things turned our just an hour after the fight. Golden Boy Promotions Executive, Richard Schaefer announced that in just Las Vegas alone, which included the live gate and the closed circuit outlets all over Vegas, with tickets selling for $100.00 per ticket, the take in was over 2 million dollars. “If my math is correct, that adds up to over 2 million dollars for this night only in Las Vegas. All of the closed circuit venues in town were sold out”, says Schaefer.
Ellerbe’s job is to calculate the pay per view numbers that will come in daily, the official merchandise that was sold months leading up to the fight, the closed circuit outlets around the country, movie theaters, concert halls, etc. The ticket prices will vary in those locations. Those numbers will be staggering, to say the least. Of course, Mayweather will earn the bulk of that cash. Canelo Alvarez was guaranteed 5 million according to reports and he will get a cut of the pay per view numbers. His actual cut is unknown. All in all, Alavarez will make more money than ever before, which is the reason they line up to fight Mayweather, even if they know he cannot be beaten at this stage of his career. He is 36 years old and carries a fight record of 45-0 into his next fight that he says will be in May of 2014. “I have 24 months and I am calling it a career. I want to fight in May and September of ’14 and May and September of ‘15. I don’t have an opponent yet. All I want to do now is go on vacation and relax,” says the man they call “Money”.
Ellerbe says with all confidence, “When Floyd retires he will have more money than any other retiring athlete…. 9 figures in the banks. I didn’t say 8 figures, I said 9 figures”. ShowTime Sports and CBS Executive Vice President and General Manager Stephen Espinoza announced that the main event and the co-feature will be shown on Showtime in the coming days. Check your local listing for the exact date. Please subscribe and follow the boxing game from the prospective of the DMV.