Purse bids are on Wednesday at midday. Both Boxxer and Matchroom are probably under pressure to win this purse bid. Matchroom missed out on Smith Beterbiev and their UK schedule looks thin, especially since it's unlikely Joshua fights in the summer. Boxxer have also had a dire run of shows to be honest. I think Boxxer will win the purse bid unless Matchroom are planning on staging the fight at Portman Road.
Hearn was saying recently that their had been a visit to Portman Road and discussions with them. I would be stunned if they didn't win the bids for this one.
Boxxer will probably go big and win it if it actually goes to bids. Either way, let’s just hope the fight happens.
This is where the company size gets interesting. There's nothing to stop Boxxer doing Portman Road as well but given they're doing a stadium gig in Bournemouth this month, they quite possibly haven't got the cash or guarantees to do another one quickly afterwards - unless Sky really get behind them. I'd be surprised if it isn't a straightforward London venue in their bid.
I know Eddie is going to go strong but profitable in the fight. Boxxer at the level of the Matchroom bid will lose money if they don’t sell 6k tickets plus. With the stable they have and this as a headline it will be tough. I know Matchroom have a date at Portman road and plan at the minute is to get the likes of fisher on the undercard. Matchroom plan to put boxxer in a place to keep them leaking money
As a serious question, is this fight big enough for a stadium? Its great for Wardley as an Ipswich fan and being backed by his promoter with that venue I imagine is a dream come true for him which is nice to see. But if we are being realistic , outside of the small pocket of hard-core boxing fans have many people even heard of either Clarke or Wardley? Unless he has suddenly got Ipswich fans following him in the style Leeds follow Warrington a stadium seems far too big for this fight. Although I thought that about CBS vs Okolie aswell and that has pretty much sold out so ill probably be guessing wrong again!
+ Likely revenue from ticket sales, TV rights, sponsorship - all of which can reasonably estimated / negotiated - Less cost of staging the event, stewarding, health, police, ticket commission, advertising, media etc - Less costs of an undercard - Less fees for governing bodies, testing - Less some contingency - Less a percentage for the promoter + any investment the promoter feels like making in the fight = purses for the main event 60-40 in this case Then it's up to the winning promoter to make the above equation work out, or better...
Might have missed out one or two things but it'll be broadly right. Some fighters have been open about Matchroom opening up this calculation for them, in non-purse-bid fights, so the number at the bottom will be the fighter's own profit less what their opponent was guaranteed. If that's the case it's commendable and should probably be the standard across all boxing, lodged with commissions.
thanks Bob, it certainly is commendable. Of all the criticisms re MR, the finances have never been cited as far as I am aware
I was thinking about this one - the tickets weren't that bad in the grand scheme of things, £35-200. Thinking about the other bits in this thread on how purse bids might get figured out; I'd imagine Sky are more interested in showcasing a big event with a decent, lively crowd - it may well affect how they view the value of the TV rights. If this had been at one of the usual haunts in London it might have drawn a crowd but you wouldn't guarantee it. CBS's home turf at the end of the football season, kind of makes sense in many ways.