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http://www.blackenterprise.com/lifestyle/floyd-money-mayweather-undisputed-champ-boxing-business/
If you wonder why six-time boxing champion Floyd “Money” Mayweather came out of retirement to face off with Conor McGregor, a UFC star who’s never stepped into a professional boxing ring, part of that answer is simple and, somewhat, obvious: it’s about the money.
“If I could put myself in a position to make nine figures, why not?” Mayweather told Stephen A. Smith earlier this month in an exclusive interview.
(Image: Floyd Mayweather via Instagram/floydmayweather)
Although the world-renowned boxer named other reasons behind his decision to step in the ring with an opponent many deem unworthy, the candor in this statement is indicative of his business acumen and the drive that has made him one the highest paid athletes of all time.
Throughout his career, Mayweather has earned millions per fight and amassed a staggering net worth of $340 million. Still, that has not deterred him from taking advantage of an opportunity to earn more money, even if his unbeatable record is on the line. With this fight, he is projected to raise his career earnings to top $1 billion, which would place him in an elite class of athletes (like Tiger Woods and Michael Jordan) who’ve reached this astounding benchmark.
(Image: Instagram/FloydMayweather)
How Much Will Mayweather Earn From Fighting McGregor?
According to reports, Mayweather is slated to earn $400 million from his fight with McGregor whether he wins or miraculously loses. His projected earnings can be broken down by pay-per-views buys, tickets sales, and sponsorship.
Pay-per-view Sales
In addition to his wealth and undisputed boxing record—49-0, with 26 knockouts—Mayweather is known as one of the biggest pay-per-view attractions in sports history. This Saturday, viewers will pay $99 to watch the “PPV King” rumble with McGregor in HD and $89 for SD. In total, the fight is expected to generate about $400 million in PPV orders, just like his 2015 fight with Manny Pacquiao, which produced a record-breaking $4.6 million PPV buys. Also, the fight is likely to generate a killing overseas since it has a MMA crossover appeal and McGregor has a huge international following.
Floyd Mayweather and Manny Pacquiao Image: file
Ticket Sales
Even though tickets sales to watch the Mayweather-McGregor fight inside the T-Mobile Arena in Las Vegas have not been as robust as expected, sales are still estimated to reach at least $50 million, which is pretty impressive.
Sponsorship
According to The Telegraph, Mayweather will walk away with $25 million in just sponsorship deals alone from this one fight.
“The extraordinary earning power of Mayweather’s brand has seen his sponsorship partners One Entertainment request up to $15.5 million for six sections on the boxer’s shorts, with requests for $3.5 million for his waistband, and $1.5 million for a 4 x 2 inch patch on the front thigh of his shorts. They are asking for $1 million for his robe and even a million for his ‘victor’s cap’.
“The ring cushion behind Mayweather’s head during the fight, in one of the corners, has been bought out by a betting agent for $3.1 million. Mayweather Promotions are also asking for additional compensation for mass production of any caps or boots.”
How much will each fighter earn?
Although Mayweather and McGregor signed confidentiality agreements, it is estimated that Mayweather will take a majority stake in from revenues that will be split either 70/30 or 75/25. As a result, Mayweather will earn approximately $220 to $240 million, while McGregor will gain about $70 million.
A History of Mayweather Fights
Early in his career, the self-proclaimed TBE (“The Best Ever”) boxer earned $2 million from his first 15 fights preceding 2005. In June 2005, Mayweather earned $3.2 million for his match off with Arturo Gatti. By 2015, he made more than 100 times that amount for one fight. Here’s a breakdown of his earnings per fight since then:
- 2015: Andre Berto –– $35 million
- 2015: Manny Pacquiao – $250 million
- 2014: Marcos Maidana – $32 million
- 2014: Marcos Maidana – $40 million
- 2013: Saul Alvarez – $75 million
- 2013: Robert Guerrero – $50 million
- 2012: Miguel Cotto – $40 million
- 2011: Victor Ortiz – $40 million
- 2010: Sugar Shane Mosley – $30 million
- 2009: Juan Manuel Márquez – $25 million
- 2007: Oscar De La Hoya – $25 million
- 2007: Ricky Hatton – $25 million
- 2006: Carlos Baldomir – $8 million
(Floyd Mayweather flashes wads of cash Image: Instagram/floydmayweather)
The Business Man
The undisputed boxing champ used his business skills outside the ring to earn roughly $25 million by selling merchandise and from a few endorsement deals. In 2007, he broke ties with Bob Arum’s Top Rank, realizing that he would earn more revenue by promoting his own fights. So he launched his own boxing promotion firm called Mayweather Promotions and thereafter cashed checks ranging between $25 million to $40 million over the next six years. Meanwhile, his record-breaking fight against Canelo Alvarez generated more than $70 million. 2007 is also the year that he dropped his moniker of “Pretty Boy” and adopted the nickname “Money.”
Today, Mayweather is recognized as one of the richest athletes on the planet, who has topped the Sports Illustrated lists of the 50 highest-paid athletes in 2012 and 2013, and the Forbes list in 2014 and 2015.
If you wonder why six-time boxing champion Floyd “Money” Mayweather came out of retirement to face off with Conor McGregor, a UFC star who’s never stepped into a professional boxing ring, part of that answer is simple and, somewhat, obvious: it’s about the money.
“If I could put myself in a position to make nine figures, why not?” Mayweather told Stephen A. Smith earlier this month in an exclusive interview.
(Image: Floyd Mayweather via Instagram/floydmayweather)
Although the world-renowned boxer named other reasons behind his decision to step in the ring with an opponent many deem unworthy, the candor in this statement is indicative of his business acumen and the drive that has made him one the highest paid athletes of all time.
Throughout his career, Mayweather has earned millions per fight and amassed a staggering net worth of $340 million. Still, that has not deterred him from taking advantage of an opportunity to earn more money, even if his unbeatable record is on the line. With this fight, he is projected to raise his career earnings to top $1 billion, which would place him in an elite class of athletes (like Tiger Woods and Michael Jordan) who’ve reached this astounding benchmark.
(Image: Instagram/FloydMayweather)
How Much Will Mayweather Earn From Fighting McGregor?
According to reports, Mayweather is slated to earn $400 million from his fight with McGregor whether he wins or miraculously loses. His projected earnings can be broken down by pay-per-views buys, tickets sales, and sponsorship.
Pay-per-view Sales
In addition to his wealth and undisputed boxing record—49-0, with 26 knockouts—Mayweather is known as one of the biggest pay-per-view attractions in sports history. This Saturday, viewers will pay $99 to watch the “PPV King” rumble with McGregor in HD and $89 for SD. In total, the fight is expected to generate about $400 million in PPV orders, just like his 2015 fight with Manny Pacquiao, which produced a record-breaking $4.6 million PPV buys. Also, the fight is likely to generate a killing overseas since it has a MMA crossover appeal and McGregor has a huge international following.
Floyd Mayweather and Manny Pacquiao Image: file
Ticket Sales
Even though tickets sales to watch the Mayweather-McGregor fight inside the T-Mobile Arena in Las Vegas have not been as robust as expected, sales are still estimated to reach at least $50 million, which is pretty impressive.
Sponsorship
According to The Telegraph, Mayweather will walk away with $25 million in just sponsorship deals alone from this one fight.
“The extraordinary earning power of Mayweather’s brand has seen his sponsorship partners One Entertainment request up to $15.5 million for six sections on the boxer’s shorts, with requests for $3.5 million for his waistband, and $1.5 million for a 4 x 2 inch patch on the front thigh of his shorts. They are asking for $1 million for his robe and even a million for his ‘victor’s cap’.
“The ring cushion behind Mayweather’s head during the fight, in one of the corners, has been bought out by a betting agent for $3.1 million. Mayweather Promotions are also asking for additional compensation for mass production of any caps or boots.”
How much will each fighter earn?
Although Mayweather and McGregor signed confidentiality agreements, it is estimated that Mayweather will take a majority stake in from revenues that will be split either 70/30 or 75/25. As a result, Mayweather will earn approximately $220 to $240 million, while McGregor will gain about $70 million.
A History of Mayweather Fights
Early in his career, the self-proclaimed TBE (“The Best Ever”) boxer earned $2 million from his first 15 fights preceding 2005. In June 2005, Mayweather earned $3.2 million for his match off with Arturo Gatti. By 2015, he made more than 100 times that amount for one fight. Here’s a breakdown of his earnings per fight since then:
- 2015: Andre Berto –– $35 million
- 2015: Manny Pacquiao – $250 million
- 2014: Marcos Maidana – $32 million
- 2014: Marcos Maidana – $40 million
- 2013: Saul Alvarez – $75 million
- 2013: Robert Guerrero – $50 million
- 2012: Miguel Cotto – $40 million
- 2011: Victor Ortiz – $40 million
- 2010: Sugar Shane Mosley – $30 million
- 2009: Juan Manuel Márquez – $25 million
- 2007: Oscar De La Hoya – $25 million
- 2007: Ricky Hatton – $25 million
- 2006: Carlos Baldomir – $8 million
(Floyd Mayweather flashes wads of cash Image: Instagram/floydmayweather)
The Business Man
The undisputed boxing champ used his business skills outside the ring to earn roughly $25 million by selling merchandise and from a few endorsement deals. In 2007, he broke ties with Bob Arum’s Top Rank, realizing that he would earn more revenue by promoting his own fights. So he launched his own boxing promotion firm called Mayweather Promotions and thereafter cashed checks ranging between $25 million to $40 million over the next six years. Meanwhile, his record-breaking fight against Canelo Alvarez generated more than $70 million. 2007 is also the year that he dropped his moniker of “Pretty Boy” and adopted the nickname “Money.”
Today, Mayweather is recognized as one of the richest athletes on the planet, who has topped the Sports Illustrated lists of the 50 highest-paid athletes in 2012 and 2013, and the Forbes list in 2014 and 2015.
Writer: Hope Larson / Artist: Christian Wildgoose / DC Comics
After a couple of standalones bridging the gap between Son of Penguin and now, Batgirl #14 begins the Summer of Lies arc with a tag-team partner from Blüdhaven, Dick Grayson AKA Nightwing. Grayson’s role is clear in the narrative as part sidekick and part romance bait, which works well enough as the story leaps back and forth between flashbacks and present day. Their combined experience make for an interesting flashback in that it is inherently more reliable; instead of imagining Batgirl’s sole perspective on the events, you know from the start that whatever happens was experienced by them both. There are two mysteries to unfold here – what happened in the past, and how that informs whatever is happening now – and that bifurcated plot is making for an interesting read. In between the exposition are two things Nightwing is meant to bring to the table – team-up fight scenes and allusions to a relationship beyond crime fighting and friendship.
The ship bait does not distract from the larger mysteries – at least not yet – so whether you like that sort of thing or not there isn’t enough to cause bother. Instead, attention is drawn to a suicide that happens quite suddenly and unexpectedly. As Babs and Grayson discuss who the situation reminds them of, the flashbacks take you to the alternate mystery of what happened to them – and maybe even between them – all those years ago, when Grayson was still known as Robin and Batgirl was newer to the role of crime fighter.
Chris Wildgoose’s artwork leads effortlessly between the flashbacks and present day, along with a few fun action scenes and spot-on facial expressions capturing the mood of the moment. A facial expression might have been overdone a time or two – winking scenes should be banned from comics – but overall this issue shined, particularly including Mat Lopes’ colors, from the dulled flashbacks to the brilliant Mad Haberdashery color schemes.
Overall, there’s every reason to be glad Batgirl is back with a fun arc. Looking forward to where this goes next, and – given the flashbacks – where Batgirl and Nightwing have been.
9.3 out of 10
Reading Batgirl? Find BNP’s other reviews of the series here.
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Did you miss any of our third week of BE Modern Men for 2017?
This year’s 100 Men of Distinction prove their perseverance, sharing how they’ve turned struggle into success. Our third set of 10 honorees starts with digital guru Rae Holliday and also includes a band director, a sports agent, a Hollywood executive, and a wealth manager.
Rae Holliday (Photo by James Anthony)
Meet ‘The Content Genius’ Rae Holliday
Digital Producer & Editor
“About five years ago I found myself at an awful crossroad. Because of the mismanagement of my personal funds and after being laid off from my last corporate job (ever), I found myself broke and on the brink of homelessness. Weeks away from eviction, I needed to turn things around pretty quickly. With prayer and determination, I used my struggle to propel my motivation to not only never be in that position again, but to inspire others who may be in the midst of a struggle they need help getting out of mentally.”
Read his full profile here.
Dr. Ishbah Cox (Photo by Tom Fogerty)
Meet ‘The Band Man’ Dr. Ishbah Cox
Bands Director & Music Educator
“I grew up in a poor, rural, county school in South Central Alabama. Although my school system lacked educational resources, my community displayed an abundance of love and care for its students. Unfortunately, by my high school graduation, I was not as prepared as I needed to be for my undergraduate experience at Auburn University. My first year of college would have been a disaster if I had not learned how to put my pride aside and ask for help, particularly from others who did not look like me. As a result, I have been empowered by countless advocates and mentors who motivated me to pay it forward with my mentoring and teaching efforts as well.”
Read his full profile here.
Quentin Vennie (Photo by Daryl Taylor of D. Taylor Images)
Meet ‘Mr. Meditation’ Quentin Vennie
Wellness Expert
“I was born and raised in a single-parent household on the west side of Baltimore. My father was a heroin addict, and by the time I was 12 I had been shot at and spent more time visiting prisons than most of the people I was close to. Despite spending a lot of time in my old neighborhood in West Baltimore, I went to predominantly white schools in the suburbs of Baltimore County. I experienced racism, discrimination, prejudice, you name it. I was diagnosed with acute anxiety and mild depression when I was 14, and then diagnosed with severe generalized anxiety and panic disorder, and mild to severe major depressive disorder, at 26. I endured a two-year addiction to my anxiety medication, survived an accidental overdose and two failed suicide attempts, but was fortunate to discover a wellness system that saved my life.”
Read his full profile here.
Ian V. Rowe
Meet ‘Mr. Head of Class’ Ian V. Rowe
Chief Executive Officer, Public Prep
“In elementary school, my family moved from Brooklyn to Queens. Our junior high school, which had historically been mostly white, was rapidly becoming mixed. And so a number of the white parents from my school pushed for an annex school to be opened in a nearby neighborhood. My parents presumed the education would be better in that other school, so they were going to send me, too. I remember one Sunday crying and crying to my parents and begging them to keep me in my current school. They ultimately relented. And it was so meaningful. I now had a duty, a responsibility, to do good things in that school. I also remember thinking to myself, “Why should the other school be better? Why should the education suddenly go down in my school just because most of the kids who are going to be left are black?” There’s no doubt that struggle influenced me for the rest of my life—professionally and personally—to create equal opportunity, regardless of the school that one enters, no matter race, income level, or zip code.”
Read his full profile here.
D.J. Fisher
Meet ‘The Agent’ D.J. Fisher
Sports Agent
“What stands out the most is overcoming [when] those that you believe are for you, the ones you expect to support and encourage you, are your worst enemy. I had a select few distant kindred. They weren’t close or even around enough to know who I truly am but always had the most to say. It really took a toll on me. I became distant, quiet, didn’t talk much. I felt as if I didn’t belong. I would skip school to go to the library at the local university. I failed to graduate high school on time. I would find my comfort in reading books on sports and business. In those quiet times, I got to know myself, who I am and my purpose and begin to apply myself and fulfill my purpose from the knowledge I gained. I used all of the negative energy, business knowledge and combined it with my passion for sports. It doesn’t matter who is for you or who is against you. If you trust God and apply yourself, there is nothing in this life that you cannot accomplish.”
Read his full profile here.
Terrance Stroud
Meet ‘Mr. Public Servant’ Terrance Stroud
Director of the Continued Occupancy Unit, NYC Dept. of Housing Preservation & Development
“When I entered the workforce, like many people I struggled to find my footing. I was not sure of the type of role that would suit me. In the end, mentorship and sponsorship helped me enhance my strengths and reduce my weaknesses. I’ve had great mentors that have empowered me to challenge myself as well as sponsors who’ve played a crucial role in vouching for my talent and abilities, and this has fast-tracked my career and encouraged me to consider and accept new challenges.”
Read his full profile here.
John Gibson (Photo by Wood D)
Meet ‘Mr. Hollywood’ John Gibson
Advisor for Inclusion and Multicultural Outreach, Motion Picture Association of America
“Overcoming bureaucracy and inertia by persuasion and joining with like-minded allies. Asking for forgiveness instead of permission; however, if you’re successful you rarely have to ask for forgiveness.”
Read his full profile here.
Hayling Price
Meet ‘Mr. Social Impact’ Hayling Price
Social Impact Consultant
“Early on I struggled to chart my path as a professional. As a young man of color pursuing a mission-aligned career, I didn’t see many people who looked like me doing the work and was often advised to pursue more lucrative jobs in the private sector. At times I felt like I could have used more encouragement and support for navigating the nonprofit space, but my pursuit of the road less traveled pushed me to cultivate an entrepreneurial spirit. That independent streak has led to opportunities I couldn’t have imagined just a few years ago.”
Read his full profile here.
Justin Binion
Meet ‘Mr. Wealth Management’ Justin Binion
Wealth Management, Wells Fargo
“Growing up, my parents were young, hardworking people. Because of the hours they worked I was raised by a ‘village’ that truly cared about my well-being. Although my family wasn’t able to lace me up with the latest pair of Jordans, or always buy me the latest toys when they came out, they gave me the tools for survival and success. They taught me hard work, dedication, humility, and respect—which is the foundation of how I approach life on a daily basis. A major plight in the black community is the lack of financial education, and unfortunately I witnessed this time and time again throughout my life. While working in the sports industry I saw a special on television that highlighted the financial difficulties that athletes have, and it was at that point I decided to switch career paths. I saw an opportunity to be something greater. I didn’t know anything about the wealth management industry, but I knew if I dedicated my time to understanding it, that I could really have a lasting effect on people’s lives.”
Read his full profile here.
Andre McDonnell
Meet ‘Mr. Footwear’ Andre McDonnell
Founder, It’s From the Sole
“When I began It’s From the Sole, my biggest struggle was having sneakers to provide for the homeless. I began to ask friends and family for their old sneakers. Eventually word spread and I was overwhelmed with the outreach from the community.”
Read his full profile here.
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Come celebrate the BE Modern Man 100 Men of Distinction at the first-ever Black Men XCEL Summit, Aug. 30 – Sept. 3, at the PGA National Resort & Spa in Palm Beach Gardens, Florida.