SBD/Issue 59/Events & Attractions

Pacquiao Agrees To Mayweather Bout With 50-50 Split Of Revenue

March Date Allows Pacquiao To
Run For Office In The Philippines
Manny Pacquiao has signed a contract to fight Floyd Mayweather Jr. in "boxing's biggest fight on March 13," according to a source cited by Dan Rafael of ESPN.com. Both parties "agreed to a 50-50 split of the money." The bout will be referred to as Mayweather-Pacquiao "for promotional purposes," but Top Rank, in support of Pacquiao, will "receive first billing over Golden Boy throughout the promotion." Instead of a "full-scale media tour, there will only be a single press conference" in N.Y. in January. With the "schedule compressed because of the March 13 date for the fight, rather than May 1, which the promoters and HBO PPV preferred, it didn't leave time for a lengthy media tour." Rafael noted the bout is taking place in March because Pacquiao is "running for a congressional seat in the Philippines and the elections are in May, which would have been a conflict between his training and the campaign" (ESPN.com, 12/5). In L.A., Bill Dwyre noted the bout will "generate headlines for months," and the PPV will "certainly threaten the record 2.4 million buys" for the Mayweather-Oscar De La Hoya bout in '07 (L.A. TIMES, 12/5).

FIGHT FOR THE RIGHT: SI.com's Chris Mannix noted major U.S. cities are "clamoring for the opportunity to host Pacquiao-Mayweather, arguably the biggest fight in more than a decade and one that represents [tens] of millions in revenue for the winning city." Las Vegas has proposed erecting a 30,000-seat outdoor stadium on The Strip to "accommodate the expected demand for tickets," while Staples Center officials also "have expressed interest." New York state officials have "lobbied to hold the fight in the new Yankee Stadium," and Cowboys Owner Jerry Jones has spoken with Top Rank Chair Bob Arum about hosting the fight in Cowboys Stadium. In addition, political pundit James Carville has been "burning up the phone lines promoting" New Orleans (SI.com, 12/5). Arum said that he will visit Cowboys Stadium on Thursday with Golden Boy Promotions CEO Richard Schaefer and HBO Sports President Ross Greenburg (L.A. TIMES, 12/5). But Schaefer indicated that Las Vegas "deserves first crack at landing the bout." He said, "Las Vegas is the boxing capital of the world. A fight of this magnitude deserves to be in Las Vegas" (LAS VEGAS REVIEW-JOURNAL, 12/5).

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