Originally posted by hitking
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If Arum built this stadium that could hold 40,000 people, it would cost him $7 million and the most he could make off ticket sales would be $45 million. Subtract $7 million from that and you have a profit of $38 million. Ticket sales at the MGM Grand would be about $20 million. The site fee that the MGM Grand would pay (which Arum would not collect at the newly built stadium) would be around $25 million. Total profit: $45 million. Also, if Arum wanted a bigger stadium, he could rent out the Las Vegas Speedway, which holds 120,000 or the UNLV stadium, which holds a lot more than 40,000.
This fight has been promoted daily on the internet and the boxing community for the last three years and has received so much publicity in the last two months that the Amish, who don't watch television, don't read newspapers, don't listen to radio and don't interact with others outside of their communithy unless necessary, can tell you who Mayweather and Pac are. If the fight was scheduled for this weekend with no promotion, the fight would still break the PPV sales record and all the tickets would be sold out within half an hour of going on sale.
As far as the guarantee is concerned, the promother who collects all the money from the fight guarantees the purses. That is Arum. However, Arum is trying to convince the gullible and the Pac worshippers that he should collect all of the $150 million that Mayweather and Pac will generate with their hard work, but he should only pay Pac's portion of the purse and a promoter who will not collect a dime of the revenue from the fight should pay Mayweather $50 million. If Arum is willing to co promote the event with Golden Boy and give them 50 percent of the proceeds, GBP will pay Mayweather his guarantee.
In retrospect, Arum's excuses make absolutely no sense.
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