It's amazing what people will run with even with lack of any evidence
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Showtime call BS on Iole and Rafael PPV "source"
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Originally posted by edgarg View PostA very quick look at the figures shows that 900,000 would bring in around $60 mill. With $30 mill going to the TV and Cable Companies and $10,mill at the gate (assuming that it was a REAL figure, (not inflated by the promoters just paying the $6 seat tax) making a $40 mill gross take (not counting theatres which historically isn't much) from which approx all taxes would amount to 42%. This would leave $24 mill, from which Mayweather's $32 mill, Guerrero's $3 mill, plus the undercard, plus the Promoter's cut of about 25%, leaving a deficit of about $25 mill.
I don't know where the various cuts are from the gross or the net and I haven't counted the theatre revenue nor the souvenirs and sundries, both of which I believe to be comparatively small. Whichever way it is, unless there is "imaginative accounting", it looks to be a huge loss.
Another point, in the Showtime-Mayweather contract, Showtime would be foolish not to have included a 'contingency" clause, where the purse would take into consideration a poor result. At the same time, Mayweather would be equally foolish is he didn't insist on being paid regardlesss of the "outcome of the income"...And the whole "$30 mill" payday might be subject to-almost CERTAINLY would be-all sorts of "whereas-es".... $30 mill in REAL money isn't earned so easily by ANYONE.... but it always makes wonderful PR.
In my experience, only ONE professional athlete offered to pay back his fee when the gate was poor. That was tennis star Bill Tilden, about 75 years ago.
900,000 PPV buys *$60= $54,000,000
Let say 250,000 bought HD which is $10 more
250,000 * $10 = $2,500,000
$54,000,000+$2,500,000= $56,500,000
Sponsors (They all have to pay a fee)
Corona Extra
O'Reilly Auto Parts
AT&T
Star Trek Into Darkness
Valvoline
Gate estimate is about $9,000,000(those are the number from Ortiz which it should be similar)
Also the business like Hooters and other sport bars that order the PPV they have to pay a license fee. Which means more money than the $60-$70 that a regular household would pay.
I dont think that 50% would go to the TV. Maybe a smaller percentage.
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Iole and Fat Dan have no reason to lie, gbp and sho on the other hand have alot of reasons
Normally after a ppv they already have a good idea of where its gonna end up and its gonna flop harder than john carter
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Originally posted by bravestoneIt's amazing what people will run with even with lack of any evidence
Posted from krikya360.com App for Android
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Originally posted by edgarg View PostA very quick look at the figures shows that 900,000 would bring in around $60 mill. With $30 mill going to the TV and Cable Companies and $10,mill at the gate (assuming that it was a REAL figure, (not inflated by the promoters just paying the $6 seat tax) making a $40 mill gross take (not counting theatres which historically isn't much) from which approx all taxes would amount to 42%. This would leave $24 mill, from which Mayweather's $32 mill, Guerrero's $3 mill, plus the undercard, plus the Promoter's cut of about 25%, leaving a deficit of about $25 mill.
I don't know where the various cuts are from the gross or the net and I haven't counted the theatre revenue nor the souvenirs and sundries, both of which I believe to be comparatively small. Whichever way it is, unless there is "imaginative accounting", it looks to be a huge loss.
Another point, in the Showtime-Mayweather contract, Showtime would be foolish not to have included a 'contingency" clause, where the purse would take into consideration a poor result. At the same time, Mayweather would be equally foolish is he didn't insist on being paid regardlesss of the "outcome of the income"...And the whole "$30 mill" payday might be subject to-almost CERTAINLY would be-all sorts of "whereas-es".... $30 mill in REAL money isn't earned so easily by ANYONE.... but it always makes wonderful PR.
In my experience, only ONE professional athlete offered to pay back his fee when the gate was poor. That was tennis star Bill Tilden, about 75 years ago.
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