There are only so many people who can have ringside seats. For the Mayweather De La Hoya fight the tickets closest to the ring were $2000, $1,500, and $1000. Mid point seats were $750 and seats furthers away from the action were $350 and $150.
If 30,000 extra people were going to fit in the arena the vast majority would be furthest away from the action ($350 to $150 range). Is Arum aware that in order to get an extra 40 million dollars at the gate those tickets that would normally be $350 to $150 would have to be in the $1,300 range?
If those extra 30,000 seats were $350 it would only be 10.5 million. I am not an expert on how this all operates so can somebody with more insight on how prices are set for seats explain to me where Arum is getting his math?
If 30,000 extra people were going to fit in the arena the vast majority would be furthest away from the action ($350 to $150 range). Is Arum aware that in order to get an extra 40 million dollars at the gate those tickets that would normally be $350 to $150 would have to be in the $1,300 range?
If those extra 30,000 seats were $350 it would only be 10.5 million. I am not an expert on how this all operates so can somebody with more insight on how prices are set for seats explain to me where Arum is getting his math?
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