$250K Credit Line Expected If You Want Mayweather-Pacquiao Tickets
monBY: John “Hennry” Harris
The Floyd Mayweather-Manny Pacquiao fight looks to be shaping up to be exactly what many fans expected – one of the most highly-anticipated and highest grossing fights of all-time. The throw down at the MGM Grand in Las Vegas on May 2 is on track to break a host of pay-per-view records and is a given to be a full house.
Official announcements about ticket prices have not been made, but Dan Rafael of ESPN suggests it may cost a small fortune to be ringside.
According to Rafael, as few as 1,000 tickets will be available for the bargain basement price of $1,000 will be sold to the public. The highest priced tickets will reportedly have a face value of $5,000.
However, Top Rank‘s Bob Arum says that “nobody is going to get these tickets without paying for them,” and that it is going to take at least a $250,000 credit line with MGM Grand to be considered for tickets.
Bob Arum @ESPNLasVegas: To get ringside txs to Floyd/Manny, you must have at least a $250,000 credit line w/ MGM to even get consideration.
— scott spreitzer (@scottwins) February 23, 2015
Per @BobArum: there will be ZERO comps for the #MayweatherPacquiao fight. No matter who you are. @ESPNLasVegas
— Mitch Moss (@MitchMossRadio) February 23, 2015
H/T my bro Mark Spreitzer (35 years in the LV casino biz) says the person must be willing to play the full 250k…not just have the line.
— scott spreitzer (@scottwins) February 23, 2015
Mayweather’s last bout against Canelo Alvarez in 2013 generated approximately $20 million in ticket sales to the MGM Grand Garden Arena, setting the gate record for a fight. The Mayweather-Pacquiao fight looks to double that record and generate $40 million in ticket sales.
For the mere financial mortals, they will have to settle for watching the bout on pay-per-view. Expect to pay $99.99 to watch the fight in high definition and $89.99 to watch the fight in standard definition.
They might as well call this fight “The Big Bank Breaker” because all parties involved in bringing this fight to the world will be set for years after the final bell rings.
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