September 20, 2013 in Sports

Mayweather-Alvarez bout is richest fight ever

Associated Press
 

LAS VEGAS – Floyd Mayweather Jr.’s dominating win over Canelo Alvarez was the richest fight ever, a box-office smash at the arena and on television.

Showtime said Thursday that at least 2.2 million homes bought the pay-per-view for the bout, second only to the 2.44 million homes in Mayweather’s 2007 fight against Oscar De La Hoya.

With the highest pay-per-view boxing price – at an average of more than $70 – the fight will generate nearly $150 million in revenue in TV sales alone.

Nevada boxing regulators say the gate for the bout was just more than $20 million, also a record. A total of 16,146 seats were sold for the event at an average price of $1,240.

Promoter Richard Schaefer said total revenues would approach $200 million upon final count, surpassing the $165 million generated by the Mayweather-De La Hoya fight.

“You sort of reach for the stars but you don’t always catch them,” Schaefer said. “I was reaching for the stars but the way this fight caught fire surprised everyone.”

Mayweather earned a guaranteed $41.5 million for the fight, while Alvarez was guaranteed $5 million. Both will make more based on a percentage of the pay-per-view revenue.

“It will make big paychecks even bigger,” Schaefer said. “I don’t know how big but certainly bigger. Much bigger.”

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