Boxing fans have waited six long years to see the two greatest fighters of this generation square off in the ring. Floyd Mayweather and Manny Pacquiao finally got a deal inked last week to meet on May 2nd in Las Vegas, and the intense demand to see the “fight of the century” is producing historical ticket prices.
Tickets have not gone on sale to the public yet, but they are expected to start at $1,000 with ringside seats at $5,000. This will result in a total gate of around $40 million for the 16,800-seat MGM Grand Garden Arena. It would double the previous biggest gate in boxing history.
Celebrities like Jack Nicholson, 50 Cent, Will Smith and Leo DiCaprio are used to getting comped tickets but Bob Arum who runs Top Rank, and co-promoting the fight says not this time. “Nobody is going to get these tickets without paying for them!”
“Because of the price of the tickets, MGM, will only give ringside tickets to its customers who have a $250,000 line of credit,” said Arum. Gamblers are expected to use their $250K credit-line that weekend.
The MGM hotel ‘sold out’ the night of the 2nd just two minutes after the match was announced.