REPORTS indicate that Manny Pacquiao was made an offer he could not refuse when Top Rank’s Bob Arum visited him recently.
It was for a US$50 million combined guaranteed purse to be split between him and Floyd Mayweather Jr.
That’s a cool US$25 million, a couple more than the total of what he reportedly raked in when he fought Miguel Angel Cotto.
That Mayweather guaranteed purse could balloon to as much as US$40 million if the fight hit the all-time mark in pay per view buys. That is only the guaranteed purse and the upside of PPV sales.
Include Manny’s share in the live gate receipts, merchandise sales, close circuit TV and local cable and television rights in the Philippines, and Manny could be two times a billionaire when the checks are all in.
Bear with me but I am checking if my accounting still works.
Promoters of the Pacquiao-Mayweather megafight are looking at a 2.5 million total pay per view buys – a record.
Marquee boxing match-ups like these are hard to come by. Home viewers in the US will have to shell out at least US$60 to be able to watch this historic fight live on their living rooms. That would be easily US$150 million in total PPV revenues.
Assuming some 300,000 guests in Las Vegas or in Dallas hotels shell out fifty bucks to watch it on CCTV, that’s US$15 million more to the pot.
If the fight is held at the MGM, no less than 17,000 fans will undoubtedly show up and swap their NBA season tickets for the priciest ringside seats. That means a minimum of US$15 million in live gate receipts.
Sale of fight merchandise could add another million dollars to the total purse of each fighter.
Manny, on the other hand, will earn at least a cool P100,000,000 (US$2.2 million) for the cable and TV rights of his fight.
Let me add them all up: US$37.5 million for the PPV/guaranteed purse; US$3.75 for the CCTV; US$3.75 for the live gate receipts; US$1 million for the merchandise sale; and, US$2.2 million for Philippine cable and TV rights. A staggering total of US$48.2 million!
All for 36 minutes of actual hard fight if the bout lasts the distance or US$1.338 million per minute of sweating it out.
No one in the Philippines earn that much per minute!
Of course, those figures are based on projection and assumptions.
And if HBO does get its cut in the CCTV proceeds, live gate receipts and merchandise sale. What I knew is that HBO advances money to the promoters to drum up the fight. When all is said and done, HBO accountants and the promoters sit down together and determine the total PPV sales.
HBO and the promoters get half of the proceeds and the rest goes to the boxers.
As practiced, sales from CCTV, live gate and merchandises go to the promoters and the boxers in the main attraction.
If HBO does not lay its hands on the collateral income, Manny’s gross pay for the day will be a handful of million dollars more.
That is why despite the proximity of the date and the political vacuum the fight will create for Manny in the Philippines, the Filipino pound for pound king accepted the offer without a blink of an eye.
Next stop: How Manny will spend his millions.
source here
It was for a US$50 million combined guaranteed purse to be split between him and Floyd Mayweather Jr.
That’s a cool US$25 million, a couple more than the total of what he reportedly raked in when he fought Miguel Angel Cotto.
That Mayweather guaranteed purse could balloon to as much as US$40 million if the fight hit the all-time mark in pay per view buys. That is only the guaranteed purse and the upside of PPV sales.
Include Manny’s share in the live gate receipts, merchandise sales, close circuit TV and local cable and television rights in the Philippines, and Manny could be two times a billionaire when the checks are all in.
Bear with me but I am checking if my accounting still works.
Promoters of the Pacquiao-Mayweather megafight are looking at a 2.5 million total pay per view buys – a record.
Marquee boxing match-ups like these are hard to come by. Home viewers in the US will have to shell out at least US$60 to be able to watch this historic fight live on their living rooms. That would be easily US$150 million in total PPV revenues.
Assuming some 300,000 guests in Las Vegas or in Dallas hotels shell out fifty bucks to watch it on CCTV, that’s US$15 million more to the pot.
If the fight is held at the MGM, no less than 17,000 fans will undoubtedly show up and swap their NBA season tickets for the priciest ringside seats. That means a minimum of US$15 million in live gate receipts.
Sale of fight merchandise could add another million dollars to the total purse of each fighter.
Manny, on the other hand, will earn at least a cool P100,000,000 (US$2.2 million) for the cable and TV rights of his fight.
Let me add them all up: US$37.5 million for the PPV/guaranteed purse; US$3.75 for the CCTV; US$3.75 for the live gate receipts; US$1 million for the merchandise sale; and, US$2.2 million for Philippine cable and TV rights. A staggering total of US$48.2 million!
All for 36 minutes of actual hard fight if the bout lasts the distance or US$1.338 million per minute of sweating it out.
No one in the Philippines earn that much per minute!
Of course, those figures are based on projection and assumptions.
And if HBO does get its cut in the CCTV proceeds, live gate receipts and merchandise sale. What I knew is that HBO advances money to the promoters to drum up the fight. When all is said and done, HBO accountants and the promoters sit down together and determine the total PPV sales.
HBO and the promoters get half of the proceeds and the rest goes to the boxers.
As practiced, sales from CCTV, live gate and merchandises go to the promoters and the boxers in the main attraction.
If HBO does not lay its hands on the collateral income, Manny’s gross pay for the day will be a handful of million dollars more.
That is why despite the proximity of the date and the political vacuum the fight will create for Manny in the Philippines, the Filipino pound for pound king accepted the offer without a blink of an eye.
Next stop: How Manny will spend his millions.
source here
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