Mayweather doesn't deserve his nickname
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September 17, 2011
The New York Times reports on the payout Floyd Mayweather is set to receive from his fight against Victor Ortiz Saturday. With all said and done, Mayweather could be paid $40 million.
In addition to his reported $25 million payout for fighting Victor Ortiz, Mayweather will receive a portion of the gate, concessions, souvenirs and PPV revenue.
Richard Schaefer of Golden Boy Promotions explained the structure to the NY Times.
Via NY Times:
To explain the business model, Schaeffer starts with a pie. A little more than half goes to the distributors (Time Warner, DirecTV, etc.). The balance goes to the network, HBO or Showtime, which takes its distribution fees and hands the rest to the promoters.
In this case, Golden Boy has one contract with HBO and another with Mayweather Promotions. But the money, less what distributors and networks take, is under Mayweather’s control; normally the promoter would control it.
In addition, there is the PPV revenue which Schaeffer includes other revenue streams from that:
Those streams include foreign sales for a fight broadcast in 168 territories; closed-circuit revenues (in 2,000 or so bars and restaurants nationwide, in theaters and in rooms at Las Vegas casinos); site revenue (ticket sales, merchandise); and sponsorships.
Its an unprecedented payment structure that rationalizes the opulence Mayweather flaunts. But for the spoils, there is the risk as Mayweather, or Mayweather Promotions, must put up $10 million in expenses to market the fight.
HE NEARLY MAKES 15 MILLION OFF OF CONCESSIONS AND ****. MOST FIGHTERS DONT MAKE THAT , HELL 99% OF FIGHTERS DONT MAKE THAT 15 MILLION A FIGHT...
If you dont understand then you lack business etiquette....Comment
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it's ****** faboulous kinda mentality i think...
he's acting way way too richer than he actually is...
someone nicknamed "money" should'nt have history of car repossesions and not being able to pay the landlord and garbage men...Comment
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