Why Mayweather vs Pacquiao Fight of the Century Epitomizes American Society

On May 3, Beijing time, two of the world's most famous boxing champions, Floyd Mayweather and Manny Pacquiao, will fight in Las Vegas in a "boxing battle of the century" that will attract the world's attention. At the same time, this game will also decide the WBC, WBO and WBA super boxing champion three welterweight belt belongs to. Tencent Sports will live video stream the matches from 9:00 p.m. Beijing time on May 3, and 11:00 p.m. live video stream Pacquiao vs Mayweather, with commentary by combat world champions Yang Jianping and Wang Kehan.

The most powerful heavy artillery ever

The "Asian Destroyer" Pacquiao, who is less than 1 meter 70 meters tall, is the most feared heavy artilleryman on the planet. "Golden Boy" Dela Hoya, "British Killer" Richie Hatton, "Sugar Loaf" Sheen Mosley and other boxing stars have been subjugated to his fists, the U.S. media exclaimed that he is "after Genghis Khan, another conquest of the West".

In the ring, Pacquiao is an offensive maniac, the passion of professional boxing to the fullest, career 64 fights, 57 wins, 38 knockout opponents, is so far the only eight weight class gold belt winner. The Philippine military and anti-government forces, even in the midst of the fighting, tacitly stopped exchanging fire in order to watch Pacquiao's fight, and there was zero crime across the country in the three hours leading up to and following his big fight with De La Hoya.

The strongest shield in the ring

Unlike the devastating Pacquiao, Mayweather's success comes from his "superhuman" footwork, fast reaction speed, so that his opponents can not catch his shape, the American boxing commentator said: "If you want to cite all the qualities needed for boxing, you only have to all the qualities required, you only have to write down Mayweather's name."

As opposed to Pacquiao, Mayweather is a master of boxing defense, and no one has been able to hurt him so far, with 47 wins and 26 knockouts in 47 career fights. As the 1996 Atlanta Olympics runner-up, Mayweather undefeated after the turn of the professional field to cut down five levels of the world's gold belt, excellent movement and defense will be the opponent's punches into nothing, Mayweather every victory is bloodless, without a trace of injuries on the face, known as the "pretty boy". However, as "Pretty Boy" has been Forbes' most profitable athlete in the world in recent years, his nickname has been changed to "Money" as he earns more than 100 million dollars a year, with hundreds of millions of dollars replacing his handsome face, making Mayweather the "Money Man" in everyone's eyes. The two men have been in the same position for a long time, but they have been in the same position for a long time," he said.

The two boxing legends will fight on May 3 in a battle of destiny. Just like the change of Mayweather's nickname, compared to the technical analysis of whether Pacquiao's "spear" of offensive boxing can pierce Mayweather's "shield" of defensive masters, for a glimpse of the money empire behind the game can be another angle for the public to recognize the game.

Century of the World's Best Fighting Championships

How much is the fight of the century worth?

Professional technical analysis and comparisons aside, before Pacquiao and Mayweather stepped into the ring, virtually every record about a boxing event was set in its entirety. Every day, economic figures with a row of zeros at the end hit people's nerves. 200,000,000 (200 million) dollars, yes, that's how much the two legendary fighters earned when they stepped into the ring at the beginning of the revelation, but after being dazzled by a series of zeros, the figure still rose faster than a rocket. According to the tournament sources, Mayweather's side of the fight's basic honorarium reached 120 million dollars, plus PPV share is expected to reach 180 million, Pacquiao this time the basic honorarium of 80 million dollars, plus PPV share, the final income will also be more than 100 million dollars, that is to say that the two fighters will be after this fight account will be about 300 million dollars more.

If you can't describe this figure as "history-making," what is $300 million? Forbes sports athletes annual income list (counting from the end of May of the previous year to the end of May of the current year) record high is the peak of the 2007 "Tiger" Woods set the annual income (including advertising revenue) of $ 125 million, he is also the first athlete in the annual income of more than $ 100 million. But that figure was easily surpassed by Mayweather's earnings from a single fight. Meanwhile Pacquiao's annual earnings (plus the honorarium from last year's fight against Algieri) are set to surpass that figure. Two fighters in one fight have simultaneously set the all-time record for the highest annual earnings of athletes, and that doesn't even include any commercial sponsorships or advertising, boxing is worth that much! In addition to the money, the winner of the fight between Pacquiao and Mayweather will win a special WBC gold belt with more than 3,000 emeralds, but the bejeweled gold belt is hardly worth mentioning in front of the $300 million.

Where exactly did the $300 million come from?

Not all boxing world champions can be such "money suckers"; WBC mini lightweight world champion Xiong Chaozhong (microblogging) earned $200,000 in his own title defense, and that's considering his huge influence in the Chinese market. What makes Mayweather and Pacquiao get so much money? Who is going to pay for the $300 million? Mature business community, there is no wrongdoer, let's look at the specific composition of this 300 million dollars is what? How much value can this fight create.

First, pay-per-view cable TV. PPV pay-per-view cable TV is the main source of income for professional boxing, in order to watch this fight between Pacquiao and Mayweather, viewers must pay $89.95 to $99.95 depending on the standard definition mode and high definition mode (the data comes from Yahoo! Sports), and it is expected that the PPV sales of this fight will generate $400-500 million. In addition to the base fight pay, Pacquiao and Mayweather will receive an additional commission on the PPV (the amount of commission is generally based on PPV sales figures. After a certain number, the higher the overage, the higher the commission). In other words, the higher the PPV sales, the higher the honorarium for both men, up to a maximum.

Second, ticket revenue. Mayweather and Pacquiao will fight at the MGM Grand Garden Arena, where a *** can accommodate 16,800 spectators, tickets will be divided into five classes, respectively, 1,500, 2,500, 3,500, 5,000 and 7,500 U.S. dollars. 7,500 U.S. dollars a ticket price also set the record for the most expensive boxing tickets in the history of the MGM Grand not only to refresh the history of the hotel, but also to triple the price. The previous highest price was $2,500, also for the Mayweather fight (with De La Hoya and Alvarez). According to statistics, tickets for the fight of the century will gross $72 million, and that's just the official figure. With so many people wanting to see the fight, most of the tickets have already been taken by the MGM Grand, sponsors, organizers, both camps and TV broadcasters, and very few tickets have gone on sale to the public, with the $1,500 minimum being snapped up within a minute of the opening of the tickets, so the real market price will be much higher than the announced official price. The lowest ticket price reportedly available for used tickets at SeatGeek's online ticketing site is $4,116, with a minimum of $9,218 in the middle of the price range, and starting at $22,441 for lower level seats near the field. Because courtside front-row seats are so scarce, MGM will only offer courtside front-row tickets to its customers with a $250,000 line of credit, and courtside scalper tickets are even speculating at more than $100,000 a pop, such as the $141,575.25 tickets for Section E (premium section) seats on the secondary ticket site StunHub.com.

Third, hotel and casino revenue. Within 15 minutes of the news of the Mayweather-Pacquiao fight breaking, the 6,800 rooms at the MGM hotel, which is the venue for the fight, were immediately booked from May 2 to May 3 (Beijing time) at a minimum price of $600 to $700 a night. Since the race is being held in Las Vegas, many gamblers will be watching the live closed-circuit television broadcast from casinos on the Las Vegas Strip, at a cost of about $150 per person, with more than 30,000 people expected to watch. These two revenues alone will exceed 10 million dollars, in addition to the casino on the amount of bets on the tournament commission I believe that the casino bosses will make a smile, and the total amount of this part of the draw is already an astronomical figure. At the same time, other Las Vegas-related tourism and service industries will also get a chance to make money.

Combining all aspects of income, the value created by this battle of the century is expected to be more than 600 million U.S. dollars, while the U.S. sports portal ESPN even expects the commercial value of the game will be more than 1 billion U.S. dollars, the two fighters 300 million does not take for nothing!

Why Mayweather?

The biggest contributor to this billion-dollar fight is undoubtedly Mayweather, Pacquiao made $22 million in his last fight, and this step into the $100 million threshold, relying on Mayweather's ability to raise prices. Mayweather with $105 million to become the last year's "Forbes" athlete rich row top, a **** only two fights. In fact he has been the most profitable athlete on the planet since 2012. Unlike Woods, who earns over $100 million a year from a frenzy of advertisements, Mayweather has no advertising endorsements or commercial sponsorships at all. For traditional sports stars, income usually consists of a salary, fight winnings, and advertising endorsements, but Mayweather has turned all that on its head and has proven his business acumen with countless greenbacks. Just how much property does Mayweather have? According to a 2013 statistic, Mayweather's assets have exceeded $600 million, with his U.S. public tax filings showing real estate, stocks, and funds totaling about $500 million, in addition to more than $123 million in cash in a Swiss bank account. With another $105 million in the bank since then, he is expected to be worth more than $700 million, and after this fight, Mayweather's career earnings will top $1 billion. Taking US currency to light cigarettes, bringing $12 million in cash to test the bank's counting ability, and intentionally leaking a whopping $99.86 million account balance on his ATM withdrawal bill, money is money, but how did he do it?

In stark contrast to Mayweather, Tyson, who once earned more than 100 million dollars and also had money to spare, ended up bankrupt and on the street. Tyson's tragedy proved that you can't get a good life with just a pair of fists. The protracted lawsuit between Tyson and Don King about exploitation and deception has further revealed the complexity of the entire boxing industry, which is full of inducements, lies and traps. Professional boxing has become a tight and complete business chain over the past hundred years, and boxers are only the end of the chain. As the boxer fights for his life in the ring, the host organization, the manager, the sponsors, the pay-per-views, the casinos and the various interest groups all gain from it, and with every punch he is not just swinging for himself.

Despite an undefeated record of 47 victories, Mayweather can't match Tyson's KO rate and influence in boxing alone, but he easily outperforms the "Iron Man" in terms of business acumen, and is a real powerhouse in the mall. As smart as Mayweather saw through the nature of the boxing industry, do not want to become the lowest end of the food chain, so he launched a "boxer against the odds. He to the upstream of the industrial chain, the establishment of the Mayweather Promotions Group, not only as a boxer, but also as a promoter, agent, match initiator, organizer of a variety of identities, to the group as a sponsor, broadcasters signed a series of contracts, in short, he wants to eat the profits of the boxing industry in all aspects, to become the real boss.

Mayweather knows how to take advantage of his own strengths, although his boxing style is not pleasant, and even because of the lack of aggressiveness and passion and was questioned, but he has a record of 47 undefeated and undefeated record as a capital, willing to play a "villain" through a variety of show of wealth and mouth to play a lot of people to pay a lot of money to see this nasty Mayweather. dollars to see the nasty Mayweather get knocked out. But time and time again, Mayweather has whetted his appetite and retreated, and this constant accumulation of suspense has further increased his market value. Whether Pacquiao can be a competent "decent" man, no one knows, but the only thing that is certain is that Mayweather has once again won the money game.

How much does it cost to develop a top boxer?

Boxing is first and foremost a game for the brave, but bravery is not enough. The poor kid who trains savagely like in the movie "Rocky" and then soars to the top is a mere phantom in the real world. With the advancement of sports science, a top boxer can't succeed with hard work and talent alone, it requires systematic training by top coaches, cooperation from excellent coaches, scientific nutrition, perfect logistics, and assistance from excellent agents, but these alone are still not enough, and most importantly, patience and time are needed. Pacquiao from an obscure street fighter to a so successful today's business star, a full 20 years. The amount of money needed during that time is definitely not a small amount.

There are a few details that give us a glimpse of the financial cost behind the boxer.

First of all, the coach, the average boxer will have a number of coaches to help prepare for the fight, the head coach easily does not change, and other physical trainers, auxiliary coaches, nutritionists and so on. First of all, the head coach, Roach and Pacquiao also teacher and father, and Mayweather's coach is directly their own dad, the cost is afraid that not by the hourly salary calculation so simple, but this kind of private contract will not be for the outsiders to understand, can be sure that with the increase in their value, the head coach's income is also proportionally increased.

Additionally, top fitness coaches earn a lot of money abroad, with high annual salaries even reaching 4-5 million dollars. Real Madrid's soccer fitness coach Rui Faria's annual salary of more than 4 million euros. Excellent boxers will also hire a specialized physical trainer to help them prepare for the fight, the general preparation period is more than 8 weeks, if it is Mayweather and Pacquiao such an important fight, the preparation period will be more than 12 weeks, this period of time to invite them to assist in the preparation of the fight costs are also very substantial.

Another cost that can't be saved is that of sparring, which generally costs good boxers $2,000 a week. But for champions of the caliber of Pacquiao and Mayweather, the chaperones they find have to be champion level. For example, in order to prepare for the Pacquiao fight, Mayweather looked for a sparring partner who was a former opponent, former IBF super lightweight champion Zab Yodach. I'm afraid the cost of getting a former champion, who was once worth over a million dollars, to take a beating is not as simple as a few thousand dollars