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Mayweather-Alvarez fight richest ever

Mayweather-Alvarez Las Vegas fight seenon Showtime in 2.2 million homes

PUBLISHED : Saturday, 21 September, 2013, 12:00am
UPDATED : Saturday, 21 September, 2013, 3:41am
 

Floyd Mayweather Jnr's dominating win over Saul Canelo Alvarez was the richest fight ever, a box-office smash at the arena and on television.

Showtime said 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 US$70 - the fight will generate nearly US$150 million in revenue in TV sales alone.

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

Promoter Richard Schaefer said total revenues would approach US$200 million, surpassing the US$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 US$41.5 million for the fight, while Alvarez was guaranteed US$5 million. Both will make more based on a percentage of the pay-per-view revenue.

"It will make big pay cheques even bigger," Schaefer said. "I don't know how big but certainly bigger. Much bigger."

Mayweather was as impressive as the ticket sales, outclassing Alvarez and winning nearly every round on his way to a majority decision. He remained unbeaten in 45 fights, while Alvarez lost for the first time in 44 professional fights.

The fight was a hot ticket from the time it was announced, even with ringside seats selling for US$2,000. Those proved a bargain in the days leading up to the event when some tickets in the resale market were being offered for as much as US$29,000.

Nevada Athletic Commission executive director Keith Kizer said the total gate of just over US$20 million eclipsed the US$18.4 million earned from 17,000 tickets for the Mayweather-De La Hoya fight.

Schaefer, head of Golden Boy Promotions, said it spent nearly US$10 million advertising the fight.

"It just shows you that the health of the sport is good," Schaefer said. "There's not too many other sports than can generate US$200 million in revenue in one night."

Associated Press

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