a complete and utter flop for Bob Arum. Which is good. Old **** deserves to get ****d in the wallet. As long as the fighters got paid, thats all that matters.
Pac-Bradley III financial flop?
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Actually Bradley's guaranteed take was $4mil. After that he could get ppv upside which there won't be. Pac on the other hand gets $20mil plus ppv upside which there is none so yeah this a flop. Don't forget the purse bid for Abraham-Ramirez was over 1.5 mil and that has to be paid for. Don't go by the NSAC purses. That only includes what has to be paid on fight night.Comment
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If the guaranteed numbers ($26M for Manny & Tim) are correct & the speculation on the PPV numbers (400k-500k) are correct this fight was for sure a flop & lost TR money.
I'd contend the guaranteed numbers aren't as guaranteed as we might believe cuz I don't believe Arum to be a dumb guy who's throwing Manny $20M for fights that don't get 500k buys like 3 outta Manny's last 5 fights.Comment
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From what I remember it's $7M guaranteed for pac with share of PPV, which adds up to a minimum of $20M and a max of $25M. It's $4M guaranteed for Bradley with a share of PPV, with a max of $6M.
I'd guess they got the minimums, so 20+4=24. Add in undercards, which is another ~2-3 mil and you have $27M in purses.
Estimate gate @ $15M and you get:
Gate +$15M
PPV +35M (70x500k)
PPV network share -$17.5m
Arena -$2M
Marketing Budget -$2M
Purses -$27M
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+1.5M profit... assuming there are no other costs I missed, which usually happens.Comment
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I wish we'd stop trying to figure out exact amounts
The reality is, none of us know what revenue streams (either way) and payments are involved with a fight. This information is just not for public eyes.
I think Arum is clever enough to know what he's doing. He's been around the sport for so long and is still one of the top promoters.Comment
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The purse bid was won by Sauerland, to get the rights to stage the fight Arum probably had to put up 2M$, or he struck a deal with Ramirez.Actually Bradley's guaranteed take was $4mil. After that he could get ppv upside which there won't be. Pac on the other hand gets $20mil plus ppv upside which there is none so yeah this a flop. Don't forget the purse bid for Abraham-Ramirez was over 1.5 mil and that has to be paid for. Don't go by the NSAC purses. That only includes what has to be paid on fight night.Comment
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That's why I don't take any number seriously when it comes to Pacquiao's fights. Cunning Arum would probably say it did a mere 100K if he can get away with it.Comment
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From what I remember it's $7M guaranteed for pac with share of PPV, which adds up to a minimum of $20M and a max of $25M. It's $4M guaranteed for Bradley with a share of PPV, with a max of $6M.
I'd guess they got the minimums, so 20+4=24. Add in undercards, which is another ~2-3 mil and you have $27M in purses.
Estimate gate @ $15M and you get:
Gate +$15M
PPV +35M (70x500k)
PPV network share -$17.5m
Arena -$2M
Marketing Budget -$2M
Purses -$27M
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+1.5M profit... assuming there are no other costs I missed, which usually happens.
Estimated gate at 15M$? Really?
Pacquiao-Bradley I gate was 8,963,180 $,
Pacquiao-Bradley II gate was 7,865,100 $.Comment
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