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I posted this last week on this thread: http://www.boxingscene.com/forums/sh...d.php?t=373706
Iole is basically predicting 100K buys and had done his calculations...
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"The sad thing about the fight is that Jones won’t make anything. Let’s assume for a second that the 6,792 in the building actually paid for their seats (we know that’s not true) and that the seats averaged $300 a ticket (a figure higher than reality). That would mean the gate was $2 million. If the expenses to rent the building and promote the fight were $1 million, that means $1 million is left. Now, let’s figure it sold 100,000 pay-per-views at $49.95 apiece. That’s about $5 million. They have to split 50 percent of that with the cable and satellite operators, so that leaves $2.498 million for themselves. Add the $1 million from the gate and the $2.498 million from the pay-per-view and you have $3.498 million in profit. Given that the contract called for the first $3.5 million in profit to go to Hopkins and Golden Boy, it’s almost certain Jones fought for nothing. Actual revenue will likely be far less than I’ve described above."
- Kevin Iole
Iole is basically predicting 100K buys and had done his calculations...
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"The sad thing about the fight is that Jones won’t make anything. Let’s assume for a second that the 6,792 in the building actually paid for their seats (we know that’s not true) and that the seats averaged $300 a ticket (a figure higher than reality). That would mean the gate was $2 million. If the expenses to rent the building and promote the fight were $1 million, that means $1 million is left. Now, let’s figure it sold 100,000 pay-per-views at $49.95 apiece. That’s about $5 million. They have to split 50 percent of that with the cable and satellite operators, so that leaves $2.498 million for themselves. Add the $1 million from the gate and the $2.498 million from the pay-per-view and you have $3.498 million in profit. Given that the contract called for the first $3.5 million in profit to go to Hopkins and Golden Boy, it’s almost certain Jones fought for nothing. Actual revenue will likely be far less than I’ve described above."
- Kevin Iole
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