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Pacquiao assured of P1 billion payday
NICK GIONGCO
November 17, 2010
LOS ANGELES — Manny Pacquiao has been asured of getting over a billion pesos after early tracking figures showed he can get an additional $10 million from pay-per-view sales from his action-packed win over Antonio Margarito.
Estimates showed that the fight may have registered between 1.4 million to 1.5 million buys, his promoter Bob Arum said on Tuesday.
Pacquiao had been guaranteed a paycheck of $15 million and add the $10 million from PPV, that would add up to $25 million or about P1.075 billion at P43 per 1 US dollar.
“I am very pleased,” said Arum over the phone from his Las Vegas office.
“Numbers say we’re going to hit (between) 1.4 million to 1.5 million buys,” said Pacquiao’s adviser Mike Koncz.
Pacquiao’s previous best in PPV sales was posted when he beat up the legendary Oscar De La Hoya in December, 2008, a match that generated 1.4 million buys.
Koncz said the public’s never-ending craving for Pacquiao, the intrigue that surrounded his turbulent training camp in the Philippines, the style of the two fighters and him being a congressman, were the reasons why there was a surge in PPV sales.
“People wanted to know how Manny would handle boxing and being a congressman at the same time,” said Koncz.
While the PPV sales were phenomenal, the gate attendance at the venue that was reconfigured to accommodate 70,000 did not live up to its lofty billing after only 41,734 trooped there.
NICK GIONGCO
November 17, 2010
LOS ANGELES — Manny Pacquiao has been asured of getting over a billion pesos after early tracking figures showed he can get an additional $10 million from pay-per-view sales from his action-packed win over Antonio Margarito.
Estimates showed that the fight may have registered between 1.4 million to 1.5 million buys, his promoter Bob Arum said on Tuesday.
Pacquiao had been guaranteed a paycheck of $15 million and add the $10 million from PPV, that would add up to $25 million or about P1.075 billion at P43 per 1 US dollar.
“I am very pleased,” said Arum over the phone from his Las Vegas office.
“Numbers say we’re going to hit (between) 1.4 million to 1.5 million buys,” said Pacquiao’s adviser Mike Koncz.
Pacquiao’s previous best in PPV sales was posted when he beat up the legendary Oscar De La Hoya in December, 2008, a match that generated 1.4 million buys.
Koncz said the public’s never-ending craving for Pacquiao, the intrigue that surrounded his turbulent training camp in the Philippines, the style of the two fighters and him being a congressman, were the reasons why there was a surge in PPV sales.
“People wanted to know how Manny would handle boxing and being a congressman at the same time,” said Koncz.
While the PPV sales were phenomenal, the gate attendance at the venue that was reconfigured to accommodate 70,000 did not live up to its lofty billing after only 41,734 trooped there.
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