That $10 million in promotions fee was the number Schaefer said the Ortiz fight cost back in 2011 (per a NY Times article breaking down the particulars of Floyd's unique revenue sharing deal). I assume with the $ they sank into the fighters' purses, they didn't skimp on the promotional dollars, especially when inflation is taken into account.
And I basically did the max # of buys that the fight possibly did (900K) when the vast majority of reports have said it was actually in the mid 800K range. That's a total of about $3.5 million in revenue that would cover most of the supplemental income from TV rights. And I'm pretty sure they count closed caption, theater sales, etc with the buys. I've never seen a separate earnings report for that.
Plus, does anyone know if the promoters keep all of the gate $?
And I basically did the max # of buys that the fight possibly did (900K) when the vast majority of reports have said it was actually in the mid 800K range. That's a total of about $3.5 million in revenue that would cover most of the supplemental income from TV rights. And I'm pretty sure they count closed caption, theater sales, etc with the buys. I've never seen a separate earnings report for that.
Plus, does anyone know if the promoters keep all of the gate $?
Paying all that money and not being able to make the fights that the fans want to see....
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