Boxing: Super fight between Mayweather, Pacquiao to gross over $547m

Boxing: Super fight between Mayweather, Pacquiao to gross over $547m

MANILA, Philippines - The Super Fight between Floyd Mayweather Jr. and Manny Pacquiao is turning out to be even bigger than initially hyped.

Earlier projected to generate record sales of $300 million, the fight is now expected to gross over US$400 million (S$547 million), an amount unheard of in combat sports, according to an report.

Revised live gate computation for the showdown for the undisputed welterweight crown on May 2 at MGM Grand in Las Vegas shows US$74 million from sales of over 15,000 tickets that range in prices from US$1,500 to $10,000 -which are not for sale to the public, however.

Coveted prime seats retail as much as US$24,442 on the resale market.

The biggest chunk of earnings from the fight, to be jointly aired by Showtime and HBO, will come from pay-per-view sales, tipped to be at US$100 each, which is bound to surpass the 2.4 million PPV hits posted by Mayweather-Oscar De La Hoya in 2007.

Foreign television rights will generate US$35 million more, with the Philippine rights already acquired by Solar for US$10 million.

"It's crazy, but it is what it is," Top Rank chief Bob Arum told

With the majority of the tickets already cornered by MGM, the fighters, the promoters, HBO and Showtime, only a handful of tickets will go on sale next week.

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