A ringside seat to the Manny Pacquiao-Floyd Mayweather super fight next year will amount to the annual income of a minimum wage earner.
Hall of Fame promoter Bob Arum told the Bulletin Sunday that a premium seat in the March 13, 2010 welterweight title fight will cost $2,500 (P117,500), while the cheapest will be sold at $500, assuming the fight is held at the 17,000-seat MGM Grand.
If the fight is held, say, at the 80,000-capacity Cowboys Stadium in Arlington, Texas, the price of the seat would remain the same, while the inexpensive seat will be sold lower than $500.
Arum said a meeting with Golden Boy Promotions (GBP) Chief Executive Officer Richard Schaefer, who represents Mayweather, will be held Monday followed by an inspection of the Cowboys Stadium near Dallas by him and Top Rank officials is scheduled On Wednesday.
”We would know the venue by the end of this week,” said Arum, stressing that billionaire Jerry Jones, who owns the Dallas Cowboys of the National Football League, is more than willing to put up a juicy offer that could rival even Las Vegas’ proposal.
The $2,500 appears to be the most expensive ticket to a boxing event as it is slightly higher than the top seat – $2,400 – that was peddled during the June 2002 heavyweight match between Lennox Lewis and Mike Tyson at the Pyramid Arena in Memphis.
Should Arum stick to the hefty price, it would be much higher than the $2,000 seat that was sold during the Oscar De La Hoya-Mayweather tiff that took place in May 2007.
Pacquiao and Mayweather are assured of $25 million each and their earnings could go up to as high as $40 million apiece depending on the pay-per-view sales.