Originally posted by DoktorSleepless
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Dan Rafael: 800-900k buys for Mayweather-Maidana
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Originally posted by Toyman View PostThis is just confirmation of what I have always believed: This fight was a total financial catastrophe. It got nowhere close to the 1.5 million which was needed to break even.
Floyd's drawing power has been badly exposed.
Correct me if im wrong, but the guerrero fight did 800k?
Stacked undercard + cinco de mayo, accounts for about 38% of the buys, which means floyd generated about 580k buys.
The Canelo fight sold 2.2 mill, but there were not just TWO, but FOUR additional factors at play here. Canelo, Mexican holiday, stacked undercard and an enormous promotional tour.
PPVs are not a linear or arithmetic game. Canelo as a B side adds 40% to your PPV buys. Mexican independence day is even more importnt than cinco de mayo, and of course the stacked undercard plays a huge role. Mexican indepedence day adds 40% and a stacked undercard, an extra 15%. Last but not least, there was a huge build up for this fight - they wouldnt do this unless it was expected to add a further 20% to PPV buys.
Floyd *1.4 *1.4* 1.15* 1.20 = 2.2 million. Which means floyd counts for about 815k of the 2.2 million by my estimations.
I've already done the calculation for the maidana fight, and proved that floyd contributed about 500k out of the 850k total. In total, I'd put Floyd's drawing power at roughly 650k - which is much lower than manny's.
When manny fought rios and bradley, the PPV numbers were reduced by factors such as fighting in macau and fighting a boring (yet top 3 p4p fighter) in bradley. But manny's drawing power is north of 800k for sure.
Floyd fans need not be angry. Floyd being a 600K drawing power is nothing to be ashamed of. The problem is the fact that showtime estimated him at over 1 million, which has so far proven to be a DISASTROUS mistake. Now we all know why manny's team laughed at the 40 million fixed offer. Floyd pays himself them the majority of his fees, which actually even further reduces his real drawing power, but i'm not exactly sure how to factor that into the calculation right now.
Before taxes ect, We are still dealing with like a gross of 63 mill here + gate, plus whatever they gleaned from the sponsors of the fight.
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Any sensible fan knows floyd is not near the draw he claims......he needs a big star to do big numbers.......
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Originally posted by MELLY-MEL... View PostAny sensible fan knows floyd is not near the draw he claims......he needs a big star to do big numbers.......
That is a pretty large number for an opponent nobody gave a snowball's chance in hell of really pushing him, so his star is still pretty damn massive.
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Originally posted by Syf View PostJust skimmed this but my question would be how do you know they lost money? Y'all just factor in buys but there is all kinds of financial factors, such as sponsors and gate, that could have lightened the burden. Plus they lowballed Chino and scaled back promotion all around. This spells...less overhead. Less overhead means you get to put more of the profit in pocket.
Before taxes ect, We are still dealing with like a gross of 63 mill here + gate, plus whatever they gleaned from the sponsors of the fight.
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Originally posted by Syf View PostJust skimmed this but my question would be how do you know they lost money? Y'all just factor in buys but there is all kinds of financial factors, such as sponsors and gate, that could have lightened the burden. Plus they lowballed Chino and scaled back promotion all around. This spells...less overhead. Less overhead means you get to put more of the profit in pocket.
Before taxes ect, We are still dealing with like a gross of 63 mill here + gate, plus whatever they gleaned from the sponsors of the fight.
Don't know how reliable this site is, but if true GBP/TMT only gets 45% cut from the total earnings. If it did 900k at $75 for each that means they get a max of ~$30 million. The live gate did just under $15 million I think...And you know MGM gets a cut of that too. I don't know if they did lose money off this fight, but it wouldn't surprise me
Edit: boxing insider (type it as one word) is the website. Don't know why it's blockedLast edited by Rocky Rode; 05-16-2014, 07:26 PM.
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