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Tickets Might Go on Sale to Public Next Week For Mega Fight

The upcoming unification fight for the welterweight championship of the world on May 2 is already being talked about as the largest grossing boxing match of all time and not a single ticket or pay-per-view buy has been sold to date.

That all could change within the next week, as the tickets for the Manny Pacquiao vs. Floyd Mayweather Jr. fight are now scheduled to go on sale to the public before the end of next week, said Leonard Ellerbe from Mayweather Promotions on Tuesday.

Fans have been clamoring to get their hands on one of the tickets to this fight since it was officially announced over a month ago.

Promotional executives that are familiar with the plans for the tickets but who are not authorized to speak about those plans in public have said that less than 1,000 will be made available to the public on Ticketmaster.

The tickets that remain will then be divided amongst the MGM Grand, Top Rank (Pacquiao’s Promoter) and Mayweather Promotions, with the majority of the seats headed for after-market sales.

Bob Arum, the Chairman at Top Rank said that the MGM Grand has a configuration that will allow for 16,200 seats. The live gated based upon face value of the tickets will be anywhere from $72 million to $73 million, which is more than triple the current record for a boxing gate of just over $20 million in 2013 when Mayweather fought Saul “Canelo” Alvarez.

The just completed Super Bowl in Arizona only generated gate receipts of $60 million and has a capacity of over 65,000.

The least expensive of the seats for the Mayweather-Pacquiao fight will be sold for $1,500. The floor seats, according to an official, are currently being listed for $10,000, after being mentioned three or four weeks ago at just $5,000.

The interest in this fight that pits Mayweather the unbeaten champion and Pacquiao a winner at eight different weights has been far beyond even what the most fervent of promoters had expected.

On Tuesday, officials announced that Sky Sports Box Office won the bidding for broadcasting the fight to over 20 million of its customers via pay-per-view across the UK, Italy, Germany, Austria and Ireland.

Todd duBoef the President of Top Rank said the appetite for the fight is global and robust. Everywhere he added people are asking where it will be available on pay-per-view.

Foreign telecasts deals for other countries such as the Philippine and Mexico are for circulation on general network. Another person who is familiar with the foreign TV market said the rights deal for television negotiated in the Philippines the home country of Pacquiao is the richest amongst all the foreign deals at about $10,000 million.

In Mexico, the same official said, rival networks Azteca and Televisa have decided to jointly broadcast the bout and spent over $2 million for the rights, on the same weekend that coincides with the annual celebrations for Cinco de Mayo.

Rumors are that the fight will generate so much money that just Mayweather’s take, which is 60% will be over $180 million. That amounts to $15 million per round or $5 million per minute.