Bob Arum: June 9 is plan B. Mayweather still plan A

mrjotatp4p · Jan 19, 2012

Over on the scene. His plan A is to fight Mayweather at the end of May and he is still talking about the temporary stadium. He says it could be done by May 5th at the earliest but need a few extra weeks in case any lingering problems occur with the building of the stadium and that is why the end of May is the best time. atsch:rofl

Julien Sorel · Jan 19, 2012

**** that stadiumbull****, just fight in the mgm may 5.

Prosinecki · Jan 19, 2012

"The outdoor stadium we are working on, will seat 38,000," says Arum. "My initial estimates were 40,000, but it's a little less. But you do the arithmetic - a venue more than twice the size of the MGM Grand means you bring in more than twice the money. It's a no brainer."
Click to expand...

BULL**** Arum. It wouldn't bring in more than twice the money on the gate, plus the gate money is nothing compared to PPV revenue, not to mention sponsorship and the rest of the income that a May 5th fight would generate.

I wish someone would call him out on this.

Bazt3k · Jan 19, 2012

Ahhh so thats what Arums plan is to make team pac look better After they have hit rock bottom...

Floyd starts looking for other opponents after bob ducked him and now bob will turn around and say "we are ready for floyd but he wasent serious abot fightin pac and booked someone else". I wouldent be suprised if they even say they would fight on may 5th... This is going to be laughable...

Prosinecki · Jan 19, 2012

Excellent article from the other thread, for those who haven't seen it.

ko00 said: ↑

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 Im 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 doesnt 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.

Thats a fact.

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

Englund · Jan 19, 2012

Prosinecki said: ↑

Excellent article from the other thread, for those who haven't seen it.
Click to expand...

That's some solid points! I guess nobody would believe that Arum is just trying to get more people to see the fight live.

Smokin' Joe · Jan 19, 2012

Any talk of stadium building is a blatant duck.

That's irrefutable.

Arum is full of **** and Manny has no balls.

This content is protected

Eastcoast · Jan 19, 2012

Julien Sorel said: ↑

**** that stadiumbull****, just fight in the mgm may 5.
Click to expand...

I'd be happy to see them fight in the parking lot of the MGM at this point. Holmes style.

sdsfinest22 · Jan 19, 2012

IF, Arum really wants the stadium that bad.......do the FIRST fight in May at the MGM....do a rematch in November at the damn temporary stadium-

THEN WE'LL SEE WHATS UP! 2 FIGHT DEAL ANYONE?

PBFred · Jan 19, 2012

Stadium excuse is a bunch of bull**** and this has been proven about 30 times here over the past couple of days.

There is no additional revenue to be generated from the extra seats. Highest gates are always at MGM. Why decide to not have the fight instead of having the fight?

Duck duck duck

MarioBrothers · Jan 19, 2012

sdsfinest22 said: ↑

IF, Arum really wants the stadium that bad.......do the FIRST fight in May at the MGM....do a rematch in November at the damn temporary stadium-

THEN WE'LL SEE WHATS UP! 2 FIGHT DEAL ANYONE?
Click to expand...

stadium was just some bs excuse and they knew it

aka TORA · Jan 19, 2012

the money this could make is huge, we have waited a long time whats a few more months?
why not let it be the event it should be?
this is still the biggest fight on the planet right now
the one time i agree with arum on something..

PBFred · Jan 19, 2012

aka TORA said: ↑

the money this could make is huge, we have waited a long time whats a few more months?
why not let it be the event it should be?

the one time i agree with arum on something..
Click to expand...

Oh boy

aka TORA · Jan 19, 2012

PBFred said: ↑

Oh boy
Click to expand...

i would appreciate if you expand on this comment with a rational POV or dont bother thanks.

even arum knows he cant delay this fight much longer pacquiao is losing his aura with each close fight, ducking is not worth talking about at this point

duranimal · Jan 19, 2012

aka TORA said: ↑

the money this could make is huge, we have waited a long time whats a few more months?
why not let it be the event it should be?
this is still the biggest fight on the planet right now
the one time i agree with arum on something..
Click to expand...

:good exactly:yep Whats the big deal about it having to be May 5th!!! Load of bull****!! Floyds just blowing smoke & if Arum & Pac called his bluff it's a racing cert that Team mayweather would find away to **** up this event.:deal

Log in or Sign up

Bob Arum: June 9 is plan B. Mayweather still plan A

mrjotatp4p THE ONE Full Member

Julien Sorel New Member Full Member

Prosinecki SPINAL Full Member

Bazt3k Guest

Prosinecki SPINAL Full Member

Englund Warrior Full Member

Smokin' Joe ~ Dinamita Irlandés ~ banned

Eastcoast Boxing Addict Full Member

sdsfinest22 Pound 4 Pound Full Member

PBFred Boxing Junkie Full Member

MarioBrothers Well-Known Member Full Member

aka TORA ☳ Full Member

PBFred Boxing Junkie Full Member

aka TORA ☳ Full Member

duranimal Boxing Junkie Full Member

Log in or Sign up

Forums

Bob Arum: June 9 is plan B. Mayweather still plan A

mrjotatp4p THE ONE Full Member

Julien Sorel New Member Full Member

Prosinecki SPINAL Full Member

Bazt3k Guest

Prosinecki SPINAL Full Member

Englund Warrior Full Member

Smokin' Joe ~ Dinamita Irlandés ~ banned

Eastcoast Boxing Addict Full Member

sdsfinest22 Pound 4 Pound Full Member

PBFred Boxing Junkie Full Member

MarioBrothers Well-Known Member Full Member

aka TORA ☳ Full Member

PBFred Boxing Junkie Full Member

aka TORA ☳ Full Member

duranimal Boxing Junkie Full Member