Mayweather Says He'll Fight Canelo Alvarez in September

[EmpireWF]

Sweet!

[EmpireWF]

Tickets have sold out and the live gate has already set the record for boxing.

from mmapayout...

ESPN’s Dan Rafael reports that the Floyd Mayweather, Jr. v. Canelo Alvarez fight set for September 14th has sold out. All seats for the fight sold out in less than 24 hours and has broken the record for all-time live gate for boxing.

The gate, which may draw close to $19 million depending on the number of comps will surpass the old record held by Mayweather and Oscar de la Hoya. Tickets ranged from $350 to $2,000 per seat for the fight which will be at the MGM Grand Garden Arena.


Payout Perspective:
The hype tour has started and Golden Boy and Showtime is going all out for this event. The 11 city promotional tour will cost over $1 million. Despite the lofty costs, Golden Boy/Showtime it will pay off. One need only look to the quick sellout for evidence of this. There’s no indication how many tickets hotels/casinos bought but the bottom line is that the event sold out in less than a day which was the likely hope/strategy in promoting the fight.