Mayweather Versus Canelo Fight Apparently Sets Live Gate Record!

Mayweather Vs Canelo Fight Apparently Sets Live 

Recent reports have got quite clear that Floyd 'Money' Mayweather along with Saul 'Canelo' Alvarez will always make a pretty penny with regards to highly anticipated prizefight in LV, Nevada on Saturday night, Sept. 14.

Now we realize where a quite a lot of that money is via. In line with the Ring magazine's Twitter feed, Golden Boy Promotions leader Richard Schaefer claims the live gate at the MGM Grand has attained over $20 million-setting the actual record for highest live gate ever.

Live gate is the amount patrons have paid to enter this big event. It doesn't be the cause of virtually any money generated through pay-per-view revenue or rights fees paid for by Showtime or it is parent or guardian network, the particular CBS.

To get the figure in view, the MGM Grand contains around 16, 800 people. By using a flat $20 million because the starting point and the actual arena capacity, that puts the standard ticket price at $1, 190. 48. (There are obviously variables in play that could inflate or deflate in which price. )

From as soon as Mayweather (44-0, 26 KOs) released in May that he'd be fighting Alvarez (42-0-1, 30 KOs), the record-setting feeling was palpable. Mayweather is arguably the most significant individual draw in the sport, and Alvarez has risen the ranks to become among the hottest young fighters on earth at just 23 years of age.

Coupled with a top-notch undercard among Danny Garcia and Lucas Matthysse, this is probably the most anticipated slates inside current memory. Bob Velin connected with USA today noted before this week how the initial live-gate estimate was just below that $20 million determine. The original estimate associated with $19. 9 million still can have shattered the previous record by $1. 5 million, set when Mayweather conducted Oscar De La Hoya inside 2007.

Those who have followed the financials with this fight know this should be only the tipping point in the record-setting hauls.

ESPN's Dan Rafael acquired the finalized version in the contract for the struggle, which guarantees that Mayweather will probably shatter his record with regard to guaranteed purse. The 36-year-old U . s . will command $41. 5 million (not counting pay per view buys), just below $10 million more in comparison with his previous record. Mayweather earned $32 million guaranteed for his acquire against Robert Guerrero earlier this coming year, an amount that coordinated his initial figure acquired against Miguel Cotto inside May 2012.

For the part, Alvarez will get a check worth $5 million on Saturday. However, Rafael's report notes how the real figure is significantly higher-at least $12 million, according to a resource.

Next up, the Mayweather vs Alvarez bout should see whether it breaks the key record of all-pay-per-view will buy. The aforementioned bout between Money May and the Golden Boy Promotions inventor set a boxing record with 2. 4 million purchases for HBO network.

While an astronomical figure-Mayweather's deal with Guerrero drew just over one million buys-the extended hype heading into this Saturday night makes anything doable.

Source:: The above story is based on materials provided by the bleacherreport.com and image credit: fighthubtv.com.