Tickets for the Floyd Mayweather-Manny Pacquiao fight will go on sale today, nine days before the two champions climb into the ring in Las Vegas.
Fewer than a thousand tickets priced between $1,500 and $7,500 will go on sale at 3 p.m. New York time on Ticketmaster, Mayweather Promotions and Top Rank Inc. said in a joint release. None of the most expensive $10,000 floor seats for the May 2 bout at the MGM Grand will be available. The rest of the tickets for the 16,800-seat arena went to the promoters and casino.
The official sale and distribution of tickets sold privately, delayed while the promoters dickered over terms and traded jabs in the media, will ignite the secondary market, which has been dormant so far. Tickets on resale sites since the bout was announced in February were listed on speculation.
“The public sale should stoke activity on the secondary market now that buyers can be assured the fight is on and tickets are being printed,” Connor Gregoire, communications analyst at aggregator SeatGeek, said in an e-mail.
There is a limit of four tickets per household, according to the release. Tickets for the closed-circuit telecast at MGM properties in Las Vegas, which cost $150 and are limited to eight per household, will go on sale at 6 p.m. New York time.
The public sale of fight tickets typically occurs at least 10 weeks before the event, but the fight contract wasn’t signed until yesterday, according to ESPN. Mayweather Promotions Chief Executive Officer Leonard Ellerbe and Bob Arum, chief executive of Pacquiao promoter Top Rank, blamed each other for the delay.
Tickets on SeatGeek are listed for an average of $12,150, ranging from $6,332 to floor seats as high as $50,592. The website had fewer than 100 total sales since the fight was announced, according to Gregoire.
“Assuming tickets are printed and distributed in the coming days, that surge of demand on the secondary market should coincide with additional inventory coming online as well,” Gregoire said in an e-mail.
Conservative estimates from promoters say the fight will produce at least $300 million in revenue, split 60-40 in favor of Mayweather. Some, including World Boxing Council President Mauricio Sulaiman, have said $400 million is realistic.
Face-value prices at the MGM Grand Garden Arena were scaled to produce a gate of $72 million, according to Arum. That’s 3 1/2 times more than the $20 million gate generated by Mayweather’s 2013 fight against Canelo Alvarez, the previous record for a boxing match.
Most of the tickets were divided up privately between the casino and the two promoters. HBO and Showtime, which are co-producing and co-distributing the event, negotiate their ticket shares through the promotion companies.
Mayweather and Pacquiao first discussed fighting in 2009, starting six years of speculation and public intrigue. Mayweather (47-0) has never lost and won world titles in five different weight classes; Pacquiao (57-5-2) has won titles in eight weight divisions.