NEWS: Pacquiao: "Next fight will not be against Mayweather"

After Mayweather made it clear that they could talk to either GBP or Al Haymon & he had his guarantee, Top Rank saw their excuses were being shot down left and right. Shame.

 

Depending on the size of the prefab, theoretically yes. Bob Arum is talking out of his ass about the 40K though. something closer to 30,000 is probably doable in that time. That would be an elongated version of that beach stadium with ground seating.

 

If they want the fight in Vegas why not use Sam Boyd stadium? Even though it is not located right on the strip it does hold 40,000.

 

The stadium is a red herring. If it wasn't that it would some other excuse.

 

theres a post on *********** forum where basically the numbers just do not add up when it comes to making an outdoor stadium

SMH @ Arum holding on to this BS excuse. John Chavez at theboxingtruth.com already exposed that s*** as being illogical w/ the bottom line that Arum quoted.

The Truth Behind Pacquiao & Arum's Bull**** Stadium...
by John Chavez
Jan 17, 2012 -

“The extra time is needed for construction of an arena, said Arum, claiming the fighters could generate an extra $40 million by fighting at a 40,000-plus-seat venue on the Las Vegas Strip rather than holding the bout at the 16,000-seat MGM. "You don't throw $40 million away," Arum said.” - Latimes.com


May 5th was the date proposed by Floyd Mayweather Jr. to Manny Pacquiao for a fight at the MGM Grand Garden Arena.

Manny Pacquiao, Bob Arum, Michael Koncz, and Freddie Roach have all stated that a temporary stadium must be built for this mega-fight in order to maximize the live gate revenue which would in-turn make May 5th ineligible as a fight date.

Over 75 percent of the revenue for this event will be derived via television ala Pay-Per-View, closed circuit, delayed broadcast and international distribution rights. The remaining 25 percent will be derived from sponsorships, memorabilia, and the live gate.

Contrary to popular belief, for boxing events of this magnitude, the general public has basically zero access to tickets at face value. When I state general public I’m referring to Joe Boxing Fan who logs onto the MGM Grand website the minute tickets go on sale. Oscar De la Hoya vs. Floyd Mayweather Jr. would sell out the entire Arena within 3 hours of going “on sale” generating a $19 million gate. Ticket prices were listed at $2,000, $1,500, $1,000, $750 and $350. This doesn’t include floor seats or true premium seating.

The truth of the matter is that the tickets to that event were indeed sold out within 3 hours.

The second truth of the matter is that an extremely high percentage of those tickets were sold directly to brokers who are in the business of selling high-demand sports event tickets at a premium to their face value. Ticketmaster listed some of the higher-quality seats at $2,000 face value but for those that remember, most decent seats for De la Hoya-Mayweather were being “scalped” at sky high prices of $5,000 to as high as $15,000 during the days leading up to the fight.

Utilizing some very simple math... a $19 million live gate divided by 16,000 seats equates to an average ticket price of $1,187 for the event. This is the average ticket price that the ticket brokers paid Golden Boy Promotions for hosting the event.

While the average ticket price might have hovered around $1,187... ticket brokers paid less than that average price for upper tier seats that ranged from $350, $750, and $1,000.

When discussing the remote possibility of a 40,000 seat stadium being temporarily constructed for the Mayweather-Pacquiao fight, one must remain cognizant of the fact that the amount of premium seating (ringside, visually acceptable floor seating, slightly elevated sight-line seating) at the MGM Grand Garden Arena and this mythical temp stadium would remain exactly the same or negligibly similar.

Repeat... the amount of premium seating that generates the majority of the live gate revenue for these type of events would remain exactly the same or negligibly similar.

When Team Pacquiao states that $40 million EXTRA would be generated on top of a $20 million gate should the fight take place at the MGM, they are stating that they believe ticket brokers are willing to pay more than an average of $1,600 per seat for the extra 24,000 nose bleed seats built in this stadium.

Floyd Mayweather Jr. was lambasted when it was rumored he demanded $100 million in order to fight Manny Pacquiao. He received criticism due to the unrealistic figure being thrown out.

Now Team Pacquiao is doing the same exact thing throwing out a completely unrealistic figure of $60 million for a live gate to this event.

There is no ticket broker around that is stupid enough to pay Bob Arum $1,600 for nose bleed seats. There is no ticket broker around that is stupid enough to pay Bob Aum $1,000 for nose bleed seats.

There might be a ticket broker that might guarantee Bob an average purchase price of $500 for all 24,000 nose-bleed seats. Remember, the broker buys these tickets with the notion that they want to resell them at a significant mark-up.

Once again... simple math would be 24,000 seats multiplied by $500 which equates to $12 million generated.

The cost of the stadium would run at a minimum of $7 million according to Bob Arum. This strikes me as a VERY low price for a 40,000 seat stadium being that Empire Field in Vancouver, BC (a temporary stadium) houses less than 30,000 fans and cost $15 million to construct. It also took 111 days to complete.

But just to keep it really pro-Manny let us include Arum's estimation with our simple math comprising of $12 million minus $7 million equates to an additional net income of $5 million for this whole, completely unnecessary and risky fiasco.

In summary... if Mayweather-Pacquiao goes to the MGM Grand Garden Arena, the fight might just break the record and generate a $20 million live gate with 16,000 seats which would equate to an average of $1,250 per seat. Team Pacquiao is stating that they can somehow generate an additional $40 million with 24,000 extra NON-premium seats at an even higher average price of $1,666 per nose bleed.

This is a complete fabrication and nonsensical statement made by Manny Pacquiao, Bob Arum, Michael Koncz, and Freddie Roach.

That’s a fact.

Mayweather might have ducked and dodged Pacquiao in the past but as of this very moment, it’s Pacquiao who is making up lies and excuses to not lace them up on May 5th.

 

It's not just the stadium. They wanted more time to prepare, the cut was STILL an issue and the fight should happen when Mayweather is in prison.

 

Sounds like a diabolically solid plan by Bob, if and a big one at that, he's not bs'ing.
1) I've read nothing concrete that the judge won't change the date.
2) Floyd can keep May 5th, or punt on that and fight @ Bob's date
3) They can still fight in November in a stadium already built and have the construction cost split between two fights.

Dude is smooth

 

He wants more control of the promotion plain and simple. If you look at the MGM's dockett, the 5th is reserved for GBP. That's real the issue here.

 

The world will be a better place once Arum dies.

 

I'm having trouble believing the cut was THAT bad. Did he even bleed? He looked to have a worse cut in the previous fight w/ Marquez and fought David Diaz 3 or 4 months later.

 

It's all about the bidding money from the hotel/casino owners. This greedy ass son of a *****.

 

One of Floyd's buds who isn't involved in all the crap said this fight would happen in November because there wasn't time to do it for May. Neither side will take this fight and leave money on the table. Both want it to set records that will stand for a very long time. This is a legacy fight.

 

Honestly saw this one coming. Ok its never going to happen. officialy. Lets just hope Pac was man enough to choose Marquez who will whoop his ass for a 4th consecutive time rather than a guy hes already beaten, another ducker, or . . . . Lamont ****ing Peterson

 

This is an excellent write up. This is also why the fight isn't happening. Not enough mainstream writers are willing to question Arum. The man claimed his outdoor stadium idea could generate $60M dollars. That's more than three times the record, yet I don't remember anyone ever pointing this out.

 

Too bad both Manny and Freddy Roach said the cut wasn't an issue. Roach even said the cut excuse was bogus.