How is it Groves and Froch sell out 80k sets but Pac and Bradley only settle for 15k? I know MGM is prob max 15k but why wouldn't they go for something bigger?
Groves and Froch are more popular Pac and Bradley?
Price per ticket ending with total gate $$$$$$$$$$$$ is all that matters. I don't care if 1 fan goes. If he pays 21m its the biggest gate of all time.
Pac vs Bradley gate is at around 8-9m I believe. Maidana's gate is already well over 14m. Maidana the cash cow.
The casinos PAY a site fee of several million for the fight to take place there whereas a fight in a standard arena/stadium the promoter has to shell out a large amount of money in costs and hire.
The casinos want the fights to draw in high rolling gamblers and increase general revenue in fight week so they will pay millions of $ to the promoter to stage the fight in their casino. Obviously this is only for certain fights with superstar boxers like Pac/Floyd etc.
For these 'superfighters' the ticket prices are insane - the cheapest ticket for Saturday was $150 and there were only about 500 of those available, the average 'cheaper' ticket was $300-400, and any lower bowl (the majorit of seats) ticket was $900-1200. Floyd/Maidana it's even crazier. The gate receipts on Saturday were around $8m (not a sellout, capacity is close to 18k) and Floyd/Maidana is already at $14m. Floyd Canelo was around $20m.
Add the site fee on to that and it's a substantial amount of money. For fights outside of Vegas, generally you can pick up cheap seats for $50 (Marquez/Alvarado there's some at $35) and ringside are $400. Even for Canelo/Angulo at the MGM there were decent-ish seats at $60 available but that fight was about perception of Canelo as a big fighter - they needed to fill the room so they priced it accordingly, i expect the Lara fight will be reasonable compared to Floyd/Pac fights too.
So bottom line is there is a different level of income to promoter/fighter by staging a fight featuring a big name in Vegas than anywhere else. For Froch/Groves the majority of seats are $50-60 and a long way from the ring - and if you compare that to an average of $400 for Saturday night then that's about 8 tickets to cover every one ticket - and the costs of putting a fight on at Wembley will be substantial, compared to actually getting paid to put a fight on at the MGM. MGM scaled to max capacity for boxing is just over 16k
How is it Groves and Froch sell out 80k sets but Pac and Bradley only settle for 15k? I know MGM is prob max 15k but why wouldn't they go for something bigger?
Groves and Froch are more popular Pac and Bradley? pac bradley had a bigger gate than Froch v Groves. Pac did 8million dollars. cheapest ticket was $250
The casinos PAY a site fee of several million for the fight to take place there whereas a fight in a standard arena/stadium the promoter has to shell out a large amount of money in costs and hire.
The casinos want the fights to draw in high rolling gamblers and increase general revenue in fight week so they will pay millions of $ to the promoter to stage the fight in their casino. Obviously this is only for certain fights with superstar boxers like Pac/Floyd etc.
For these 'superfighters' the ticket prices are insane - the cheapest ticket for Saturday was $150 and there were only about 500 of those available, the average 'cheaper' ticket was $300-400, and any lower bowl (the majorit of seats) ticket was $900-1200. Floyd/Maidana it's even crazier. The gate receipts on Saturday were around $8m (not a sellout, capacity is close to 18k) and Floyd/Maidana is already at $14m. Floyd Canelo was around $20m.
Add the site fee on to that and it's a substantial amount of money. For fights outside of Vegas, generally you can pick up cheap seats for $50 (Marquez/Alvarado there's some at $35) and ringside are $400. Even for Canelo/Angulo at the MGM there were decent-ish seats at $60 available but that fight was about perception of Canelo as a big fighter - they needed to fill the room so they priced it accordingly, i expect the Lara fight will be reasonable compared to Floyd/Pac fights too.
So bottom line is there is a different level of income to promoter/fighter by staging a fight featuring a big name in Vegas than anywhere else. For Froch/Groves the majority of seats are $50-60 and a long way from the ring - and if you compare that to an average of $400 for Saturday night then that's about 8 tickets to cover every one ticket - and the costs of putting a fight on at Wembley will be substantial, compared to actually getting paid to put a fight on at the MGM.
An outstanding post! Thanks.
mgm doesn't make money from ticket revenues. the promotor does. mgm is paid a site fee.
they make money when people lose it at the casino, sportsbook, and pay 500-700 for two nights at their smallest hotel rooms.
a suite at MGM is several grand a night.
it's also about as good as publicity gets for a casino to be the site of the biggest boxing matches on the planet.
Bingo!
Couldn't have said it any better. Everybody wins.
The casinos PAY a site fee of several million for the fight to take place there whereas a fight in a standard arena/stadium the promoter has to shell out a large amount of money in costs and hire.
The casinos want the fights to draw in high rolling gamblers and increase general revenue in fight week so they will pay millions of $ to the promoter to stage the fight in their casino. Obviously this is only for certain fights with superstar boxers like Pac/Floyd etc.
For these 'superfighters' the ticket prices are insane - the cheapest ticket for Saturday was $150 and there were only about 500 of those available, the average 'cheaper' ticket was $300-400, and any lower bowl (the majorit of seats) ticket was $900-1200. Floyd/Maidana it's even crazier. The gate receipts on Saturday were around $8m (not a sellout, capacity is close to 18k) and Floyd/Maidana is already at $14m. Floyd Canelo was around $20m.
Add the site fee on to that and it's a substantial amount of money. For fights outside of Vegas, generally you can pick up cheap seats for $50 (Marquez/Alvarado there's some at $35) and ringside are $400. Even for Canelo/Angulo at the MGM there were decent-ish seats at $60 available but that fight was about perception of Canelo as a big fighter - they needed to fill the room so they priced it accordingly, i expect the Lara fight will be reasonable compared to Floyd/Pac fights too.
So bottom line is there is a different level of income to promoter/fighter by staging a fight featuring a big name in Vegas than anywhere else. For Froch/Groves the majority of seats are $50-60 and a long way from the ring - and if you compare that to an average of $400 for Saturday night then that's about 8 tickets to cover every one ticket - and the costs of putting a fight on at Wembley will be substantial, compared to actually getting paid to put a fight on at the MGM.
How is it Groves and Froch sell out 80k sets but Pac and Bradley only settle for 15k? I know MGM is prob max 15k but why wouldn't they go for something bigger?
Groves and Froch are more popular Pac and Bradley?
You must be dumb because PAC vs a Bradley in the Phillipine would sell 200k seats :lol1:.
Op Put Manny Pacquiao in his home country Philippines and he can sell out 200k stadium if they had one that big lol. Of course Froch Groves will sell in their HOME country lol. Compare their fights on American soil than we can talk.
Pacman is the biggest foreign ppv draw in US boxing history.
Look up boxing history no other foreign born fighter has been able to draw as much as he in the USA or PPV.
Lets see how Froch or Groves can sell at Cowboys stadium they might not even sell 3,500 tickets and 90 percent of those will be bought by Brits.
Also when Hatton fought in America he had few American fans the British had to fly over and buy tickets to fill up the stadium. I remember when before he fought Floyd he was fighting in a ballroom in vegas, and it was all british crowd, and than when he fought Floyd there were like 15 k brits in vegas who flew over, Hatton was a huge British draw but if not a single Brit showed up there would be few Americans buying tickets to watch him fight stateside like with Pacquiao
Pacmans fans in America are Americans of different races, who fill up his events.
The majority of the biggest fights in boxing always land at a casino in Vegas. The promoters have deals with the casinos, and the majority of the revenue comes from PPV.
In 2007, Floyd Mayweather fought Oscar De La Hoya.
In that same year, Joe Calzaghe fought Mikkel Kessler.
The Mayweather vs De La Hoya fight was fought in front of around 17,000.
The Calzaghe vs Kessler fight was fought in front of over 50,000
But the Mayweather vs De La Hoya fight was the biggest grossing fight of all time at that point. (It may still be the case?)
Whereas, the Calzaghe vs Kessler fight, wasn't seen as a huge fight outside of Europe.
may weather vs canelo now
Pac filled, what, 60k in Texas against Clottey? Something like that?
MGM is going to charge a fortune for those seats and make a truckload of money off it.
mgm doesn't make money from ticket revenues. the promotor does. mgm is paid a site fee.
they make money when people lose it at the casino, sportsbook, and pay 500-700 for two nights at their smallest hotel rooms.
a suite at MGM is several grand a night.
it's also about as good as publicity gets for a casino to be the site of the biggest boxing matches on the planet.
the seats at the MGM are f#cking crazy expensive.
this wasn't that big of a fight, but single seats ringside were selling for 20 grand or more a few weeks out from the canelo fight. american secondary ticket markets are absolutely insane.
they also gamble a bit in vegas.
Pac filled, what, 60k in Texas against Clottey? Something like that?
MGM is going to charge a fortune for those seats and make a truckload of money off it.
How is it Groves and Froch sell out 80k sets but Pac and Bradley only settle for 15k? I know MGM is prob max 15k but why wouldn't they go for something bigger?
Groves and Froch are more popular Pac and Bradley?
I live in Vegas... the prices aren't even comparable, how about we discuss how much money was made at the gate. Manny drawing 15k made more money than 80k people in a stadium, fact.