Pac-Bradley III financial flop?

[Xi_]

No way in hell is tim Bradley involved in fight that did a 15 million dollar gate.

[killakali]

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.

the purse bid states exactly what has to be paid. he can't pay less. he struck a deal with sauerland and put leon bauer on the card as part of their deal

[Larry the boss]

It doesn't matter if arum losses money on a fight. As long as he makes more than he losses that year.

I don't care what boxers n promoters make.

All that matters is how much showtime, hbo, espn spends on boxing.

I literally dont care at all...i dont know when posters became to obsessed with how much fighters,promoters and networks make....all we do is SPEND!!!! to watch

[Robbie Barrett]

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
-----
+1.5M profit... assuming there are no other costs I missed, which usually happens.

@ 15 mil gate, you forgot 10% HBO's share. It just doesn't work.

[Scipio2009]

A lot of people were acting certain that 400-500k buys is a flop, but I wasn't so sure. I decided to do a little math.



Pac and Bradley were reported to have a total guarantee of $20m and $6m separately, which includes the base purses listed above. If you total all the purses, you get $27,085,000.

At $59.99, assuming no one bought HD, the break even point on the purses would be 451,492 buys.

At $69.99, assuming everyone bought HD, the break even point on the purses would be 386,984 buys.

The true breakeven point was probably about 400k or so, assuming most people buy HD.

TLDR: Most likely, but not definitely, TR made a small profit on the event.

EDIT: This doesn't even include ticket revenues, but to be fair also doesn't include other costs of promoting the event.

A couple points:

-The fee for the HD feed, is a pass-through payment that goes straight to HBO.
-Depending on the actual agreement, ~50% of the PPV revenue goes to HBO/Cable/Satalite operator (in essence, doubling your own projection, if PPV is the only revenue stream)

If Top Rank had to actually pay Pacquiao $20m (rather than that number simply being a projection off of shares on the potential event), Top Rank likely lost their hat on the fight (MGM Resorts likely didn't hand Top Rank some massive site fee to stage the fght)

[gee73]

the purse bid states exactly what has to be paid. he can't pay less.

He can pay less. Sauerland wins the purse bid and Top Rank buys the rights, Top Rank can make a deal with Ramirez to pay him less. Common practice if you want to stage a bout but don't get enough licensing fees from TV.

[killakali]

He can pay less. Sauerland wins the purse bid and Top Rank buys the rights, Top Rank can make a deal with Ramirez to pay him less. Common practice if you want to stage a bout but don't get enough licensing fees from TV.

no the purse bid states exactly what you have to pay. that is set in stone. that is why don king kept winning the stiverne arreola purse bid then had to give it up because he couldn't pay the minimums.

[12TRIBEsRiSe]

nobody really cared about this fight

[CaneloMaidana]

no the purse bid states exactly what you have to pay. that is set in stone. that is why don king kept winning the stiverne arreola purse bid then had to give it up because he couldn't pay the minimums.

As long as the contract is signed the governing body doesn't care. Lemiuex vs Ndam only got 100k at purse bid but Golden Boy gave Lemiuex Canadian gate money. Bob probably paid Abraham the 500k listed and the German and Armenian TV rights.

[PRchamp]

I really hope Canelo-Khan and Crawford-Postol PPV flop also. Enough with the PPV model it is outdated at this point, how about putting these fights on regular HBO. Boxing is losing so many casual and hardcore fans because they are trying to rip us off $70 for bull****. I can't believe how much praise the undercard for Pacquaio-Bradley 3 got, a lot of people saying it was a great undercard.....**** was wack a bunch of mismatches.

Crawford-Postol is a fight that would of been on a boxing after dark mother****ing undercard fight and now we have to pay PPV for that??? Plus don't get me started with Canelo