Pacquiao vs Mayweather: Arum Will Make a Deal With Floyd For a Share of His Revenue
Well, it just keeps on coming. Bob Arum tells The Philippine Star that he's willing to make a direct deal with Floyd Mayweather Jr for a late May fight with Manny Pacquiao, but that would require Arum sharing in Mayweather's portion of the revenue, too:
"Right now there’s no development. Obviously we’re waiting to hear from the Mayweather people. But we’re prepared to do the fight in May. ... It will be late in May. But the problem remains the same in that no one from Mayweather’s side would guarantee his purse.
"I can only guarantee Manny’s purse, but if Floyd wants to make a deal with me then I’m open to that. I can guarantee his purse but I then I will have a share in his revenue."
No one has yet addressed WHY this fight can't happen on May 5, or what particularly huge advantages come with an extra three weeks at most of promotional time, especially considering Arum says he'll do it at the MGM Grand, like Floyd has booked for May 5, but the rest? It honestly makes sense. It's not going to happen, or at least it's incredibly unlikely to happen, but it makes sense.
Let's take a step back and enter a lovely little world where this fight is more than something being talked about and more than a handful of very rich men posturing. Let's assume that Bob Arum really, truly wants to make this fight for May 26 or whatever. Just do it with me.
If Golden Boy can't guarantee Mayweather's purse, as Arum says they can't (I know, I don't know why they couldn't either, but apparently he believes that they can't, and that no one else can either), then to make this fight happen, Floyd would have to make a deal with Bob Arum.
And Bob Arum is a boxing promoter who operates with the guidelines and standards and rules that have been in place forever. The promoter invests, promotes and then takes a share of the revenue.
Now, Mayweather is in a position that absolutely nobody else in the history of boxing has been in. Last September, right before his fight with Victor Ortiz, the New York Times had a great piece on the business of Mayweather:
"It’s never been done," Mayweather, who is 41-0, said about his financial model. "Not in entertainment history. Not in sports history. You see that arena Saturday? It’s all Mayweather money. Want a hot dog? Mayweather money. Want a T-shirt? Mayweather money. I need all that."
... Those streams include foreign sales for a fight broadcast in 168 territories; closed-circuit revenues (in 2,000 or so bars and restaurants nationwide, in theaters and in rooms at Las Vegas casinos); site revenue (ticket sales, merchandise); and sponsorships. Most boxers would see little, if any, of that money, whereas, Schaefer said: "All revenues here are Mayweather revenues. He gets part of everything."
And that's why it's so incredibly unlikely that Mayweather will make a deal with Bob Arum to make this fight happen. Oh, I forgot to mention we're back in the real world now, where Arum seems to be moving the goal posts constantly in order to not make this fight happen. Offering to do a deal but take some of the "Mayweather money" is an empty offer. It's not going to happen.
I want to be clear here: I don't think Bob Arum is making some absurd suggestion. I don't think there's much substance to it, but black-and-white terms, he's simply offering to be the promoter of this fight, under normal promoter terms.
72 comments
|
Do you like this story?
Comments
It's funny that the NYT didn't do research
Springsteen gets the same thing whenever he tours. It may be an original deal for sports but musicians have been getting a piece of everything for years.
I guess that’s why he’s The Boss.
Bad Left Hook
"To the town of Agua Fria rode a stranger one fine day..."
by Scott Christ on Jan 12, 2012 11:56 AM EST up reply actions
Man gets 100% of concession when he plays Giant's stadium
ALL FOOD AND BEER Sales go to Springsteen.
by Matthew Roth on Jan 12, 2012 11:56 AM EST up reply actions
Ugh. Sinatra was the REAL BOSS.
"I wish people would love everybody else the way they love me. It would be a better world."
—Muhammad Ali…
Nah
The godfather of one of the families was his boss.
Bad Left Hook - The SB Nation boxing blog
"Baseball is played on the field, not on a calculator."
by Brickhaus on Jan 12, 2012 7:43 PM EST via mobile up reply actions
He was the Chairman of the Board. This is admittedly a higher rank.
Bad Left Hook
"To the town of Agua Fria rode a stranger one fine day..."
by Scott Christ on Jan 12, 2012 10:00 PM EST up reply actions
well the boss
usually gets paid more right?
He knows the guy with the bandage on his ass is going no were. Were you going fucking no were
by Elstriko on Jan 12, 2012 11:56 AM EST via Android app up reply actions
His guarantee used to be $3million a show
Plus the concessions and food/beer sales. Probably takes in about $4.5-5million a show?
by Matthew Roth on Jan 12, 2012 11:57 AM EST up reply actions
True, but how many other sports stars do you know that can cut those type of deals? Thats what makes it unique.
Think Urijah Faber makes hot dog money? I doubt it.
It's only something you can pull I you're a sure thing
Manny could do it too, but unlike Floyd, he does other things with the rest of his life, so he still pays someone to do it for him as a matter of convenience. I could probably save 20 grand a year if I did all the things I could do but pay others to do, but I don’t have the time because my life won’t let me.
Bad Left Hook - The SB Nation boxing blog
"Baseball is played on the field, not on a calculator."
by Brickhaus on Jan 12, 2012 7:46 PM EST via mobile up reply actions
Honestly
Mayweather should be fine without a guarantee. He’ll make a boatload anyway. Mayweather Promotions can co-promote, and take the same fees that Top Rank does, so his half is still “Mayweather money”. This fight would do awesome whether or not there’s a guarantee, and if Mayweather really wants to be the promoter, then he should have a portion of that risk. Not that there’s really any risk at all associated with this fight, unless Pacquiao pulls out or something like that.
The fight not getting made is definitely everyone’s fault, but this round of it is certainly more Arum’s fault than anyone. It seems to me he’s being unreasonable all the way around – the date, his portion of the split (not Pacquiao’s, mind you), the timeframe, that whole inane stupidity about a temporary stadium, etc.
Bad Left Hook - The SB Nation boxing blog
"Baseball is played on the field, not on a calculator."
Yeah, I thought as much about the guarantee spiel. This fight isn’t exactly going to struggle at the gate or on PPV…
"Occasionally, there is a boxing match that, in its demonstration of skill, courage, intelligence, hope, seems to redeem the sport - almost. Perhaps boxing has always been a sport in crisis, a sport of crisis."
by Oli Goldstein on Jan 12, 2012 2:06 PM EST via mobile up reply actions
Mayweather Promotions can co-promote
I’m not certain that they really can. They’re not actually a registered promotional company. And I really mean I’m not certain — I mean, obviously he can put the name on the poster like always and take some money, but would Bob fight that?
Bad Left Hook
"To the town of Agua Fria rode a stranger one fine day..."
by Scott Christ on Jan 12, 2012 10:01 PM EST up reply actions
If they could have they would have
That is why they have up until now let GBP do that part of the job
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
Fuck these assholes. All of 'em.
Wear something sexy to my funeral.
by Pops Daniels on Jan 12, 2012 12:58 PM EST reply actions 3 recs
IM REALLY TIRED OF BOB ARUM
I believe Floyd is ready to make the fight and I believe Bob Arum is doing Pacquiao a great disservice. He does something to Pacquiao that is almost worse than allegedly stealing his money. He ALLOWS people to tear Manny down. He should have Manny’s back at all cost and he doesn’t. The best thing that happened to Floyd in this situation is Arum. Arum is such a self centered, ego driven person that he benefits Mayweather. Arum is predictable and he gives Floyd an out. Floyd can now say, see I wanted to make the fight all along and most people will go for it.
At this point I don’t care if they ever fight. I honestly mean that. But I care that Manny is being exploited. I think Manny should retire from boxing if Arum doesn’t make the Mayweather fight. Period. I know it’s a long shot, because of his alleged financial troubles but that’s my wish. When someone worships money, the best way to hurt them is to not let them make it.
by KidChocolate on Jan 12, 2012 1:04 PM EST reply actions 1 recs
i’m so tired of this…. they have growing this fight so big that it’s a joke right now, maybe if the fights happen, turn to be dissapointed who knows!!!
by EL CIERTO (VEN) on Jan 12, 2012 1:11 PM EST reply actions
this is madness… madness you said?… this is…BOXIIIIIING!!!! (kick on the arum’s face)
by EL CIERTO (VEN) on Jan 12, 2012 1:32 PM EST reply actions
Just disappointed, We all want this fight but Mayweathers not gonna give Arum his money we all know this and I suspect Arum does too. Is this all just an out for Arum to keep his cash cow? probably-
Arum seems to constantly shift the goalposts to what seems reasonable initially but to that he knows Mayweather wont go for
I’m getting to this point were I’m as pissed off with Manny as much as Arum because its his life, his risk etc why doesn’t he just stand up and say this is what I want etc, he not that ignorant surely-
I guess that overly simplistic but their you go, I think I gave up on this whole mess a while ago.
good point on the bluff Nick fingers crossed Mayweather says yes then Arums in for a problem
This makes me long for the days of newspapers, when stories were summary accounts of “the fight’s on” or “the fight’s off.” Daily accounts of what may or may not be occurring inside the heads of people like Arum (or anyone else closely involved, including the fighters) begins to seem like watching “reality TV” without having to turn the damn thing on.
DrRck. I've often thought the same
I never had a clue what the terms were for Clay/Liston I or II…but loved the drama arong the fights.
Nor did I care much about the money trail as it grew larger and larger through closed circuit (Frazier/Ellis up through Leonard Hearns etc).
I just paid what i had to and salivated waiting for the nights when I could watch the fights.
But everything today is so much more transparent. We have so much information, most of which is noise. The cable networks and 24/7 365 news cycles to blogs and so on, every word is transmitted and dissected.
Most of the time, it is pretty obvious that what is reported and discussed has little and/or real resemblance to the actual facts and/or ‘truth’. As a New Yorker for most of my life (born Philadelphia, now LA), I was startled at first but am now innured to the reality that even Page A1 of the ‘paper of record’, the NY Times, not only gets itwrong but the get it so late that anyone and everyone who is in the business not only already knows the story but they know far more than what has been reported.
Numerous profiles and articles on subjects in my field (artists, museums, etc) are written for a general audience that are intelligent but so cursory tothe insider they are almost meaningless short of the publicity the provide for the industry.
Back to this story. Boxing more than almost any other sport is more of a business than a sport. It is about entertaining fans who pay money to watch fighters fight for money; thus the term Prize-Fighter.
Far too much of this story in particular is being played out in public but both Arum and Mayweather are great promoters sowho am I to say that theb ‘nonsense’ may not just be today’s way of promoting BIG money fights. In fact, it probably it.
Hell, Kim Kardashian has no substance (she’s a nice pretty and ambitious girl for sure) but look at her empire.
The fact is that these guys are paying chess in pubic but the deal, if it is struck, will be in private. No one has expressed that more than Floyd himself. To dates, he wants no middlemen. ’We can work this out between us. No Middle Men. Just you and me".
Unless that has changed, I still think that if he and Manny decide that they can really make more money fighting each other (by far) than by fighting other people, this fight wlll get made. Between Mayweather and TR’s duBoef.
Let’s look at the progress that has been made lately. I think we are getting close® than ever.
Which we can discuss…….
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
Kim Kardashian has no substance
Have you seen her from the back?
Bad Left Hook
"To the town of Agua Fria rode a stranger one fine day..."
by Scott Christ on Jan 12, 2012 10:02 PM EST up reply actions
Yeah. That’s substance.
Bad Left Hook
"To the town of Agua Fria rode a stranger one fine day..."
by Scott Christ on Jan 12, 2012 10:04 PM EST up reply actions
As a matter of fact I have
"I wish people would love everybody else the way they love me. It would be a better world."
—Muhammad Ali…
And she likes old men!
"I wish people would love everybody else the way they love me. It would be a better world."
—Muhammad Ali…
Front and Back
And ah, yes,……. point taken
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
Can't a private investor, bank, PE firm, almost anyone guarantee this purse?
I mean i’m pretty sure for a lessor percentage than GBP or TR most places will guarantee the purse. These places won’t do any promotion but Floyd doesn’t really need it for this fight.
"The bell that tolls for all in boxing belongs to a cash register."
-Bob Verdi
No one loves to use their own money....
Not when the cn leverage other people’s at far less risk.
That is what all the third party ‘investor’ noise has been about. Floyd, Koncz, and to a lesser degree TR have been surveying the lanscape, listening to the crazies and the more real third parties propose what the can andare willing to do.
Obviously, no one has thus far put forward a realistic proposal lest their would be more action…or a bite at least.
TR has the resources to guarantee the money but they want and will demandtheir cut. So would anyone…certainly any private equity third party.
I dont know why, if GB wants to play (promote Floyd) this time around, they have not lined up finacing on their end to put some ‘skin in the game’ toguarntee their participation.
Floyd may or may not have is own cash money but he is a celebrity star athlete and no celebrity is accustomed to and/or willing to pay for anything that other people have paid for them in the past.
From the time burgeoning superstars are working/playing, going to school/college (ie football, basketball, etc), some one else is picking up the tab.
Floyd aint picking up his own unless there is no one else to do so. That is how smart and shrewd he is and has been.
I think someone will but I think it’s a tougher go than we think. Banks and Fund Managers have been burned by the Entertainment moguls (Goldman Sachs, Weinstein Brothers) and there is less liquidity than befiore for these kind of ventures.
We shall see.
I think someone steps up….but I would also not be surprised that if withing the next six months, Floyd lets TR promote this fight. They are after all the best in the business…… with the deepest pockets
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
PE firms usually look to make an absolute minimum of 10% for a 5 year investment. So I would think that firms like Bain Capital would demand too big of a cut for the money team. However if the government ever enforces the separation of investment banking and trading banking, then the percentage of this fight could be attractive to what we would think of as traditional banking establishments. Personal investors are too risky for a fight of this magnitude in all likelihood.
"The bell that tolls for all in boxing belongs to a cash register."
-Bob Verdi
by Waldo Rastel on Jan 12, 2012 4:45 PM EST up reply actions
Your point about the government is all too accurate but, as I think you will agree, as slowly as this fight seems to be or not to be materializing, the last thing we can afford to wait for is government reregulation.
It is already happening. Let’s just hope that they don’t make the common mistake and over regulate.
I do not expect any kind of angel investor to intervene here, nor do I really believe there are any angels.
Nevertheless somebody is going to have to put up this money because it will almost assuredly not come from out of the personal pockets of well advised superstars.
They say that boxing is the theater of the unexpected so it will be very interesting to see how this plays out
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
by pakinpower on Jan 12, 2012 6:12 PM EST via mobile up reply actions
More importantly
It would eliminate a lot of the upside to the fighters. And what are they going to do, give them warrants?
Bad Left Hook - The SB Nation boxing blog
"Baseball is played on the field, not on a calculator."
But what do they have to gain?
I mean, sure they could, but then the fighters get less money because the third party would need to take a cut in addition to every other cut already getting taken. It would be wasteful.
Bad Left Hook - The SB Nation boxing blog
"Baseball is played on the field, not on a calculator."
Well it would be a bank instead of a promoter in Floyd’s case. So use a bank/other and give a percentage instead of having a promoter and having a guarantee. Would have to run the numbers but it would be fairly close I bet.
"The bell that tolls for all in boxing belongs to a cash register."
-Bob Verdi
by Waldo Rastel on Jan 12, 2012 4:33 PM EST up reply actions
I think both Bob and Floyd want to make the fight happen but only on their own terms. There is really no good reason the fight has to happen on May 5th either except that Floyd Mayweather says so, no reason it has to happen at the MGM Grand either, but I suspect he’s pushing for the May 5th date so hard because he feels he has some kind of home court advantage at the MGM Grand that he doesn’t want to give up.
Arum’s interest here is clearly in making the most money possible, and for the biggest boxing match in 20 years or so I think it’s reasonable for him to want to explore venue options so that everyone can profit from the fight. The problem is that I don’t think there’s a middle ground between Mayweather and Arum’s positions, and based on Floyd’s pushed-back sentencing it’s probably not viable for them to make the fight later in the year either.
One further point I believe is now operting powerfully is that Floyd must fight on May 5 or therabouts unless the DA is willing to reserve justice and re-schedule his incarceration again.
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
Wake me when the contract is signed.
Boxing writer: "Iran, what are you going to do when you retire?"
Iran Barkley: "Rob your house"
Is there any chance Pac gets out of his top rank contract to fight Mayweather? I highly dout it but could be a means to an end if they both want the fight and its only Arum holding it back
"A hero has faced it all: he need not be undefeated, but he must be undaunted." - Andrew Bernstein
About as much chance as Wladimir vs. Vitali happening in 2012. Basically, no chance.
Still searching for an alive Dan Tucker.
No teeth in it
"I wish people would love everybody else the way they love me. It would be a better world."
—Muhammad Ali…
Maybe if he buys himself out, for a LOT MORE than Floyd bought himself out for years back.
Bad Left Hook
"To the town of Agua Fria rode a stranger one fine day..."
by Scott Christ on Jan 12, 2012 10:04 PM EST up reply actions
According to BoxingScene, this is Pac’s official stance as well. http://www.boxingscene.com/pacquiao-arum-show-united-front-on-mayweather-terms—48430
"He's still a very strong fighter, but I am way better than he is" - Miguel Cotto
These whores need to understand
You can only tease it for so long until I take my money back go jerk myself off.
They are making more enemies faster than The Ayatollah Khomeini
They are complete and total asswipes and a disgrace to boxing. ALL of them.
"I wish people would love everybody else the way they love me. It would be a better world."
—Muhammad Ali…
I agree.
This process keeps enforcing the image that :
Floyd- is a childish loudmouth that just talks himself up without actually wanting to follow through.
Roger- is the Sean Hannity of argumentative depth in boxing.
Arum- is a greedy manipulator, liar, and two faced chump.
Manny- is an easily manipulated mental midget that can’t get his own team to pull the trigger
When every single fan of these fighters wants the fight, and the money is so big that I could live the rest of my life off of 1.5% of the income…..the only thing standing in the way is the egos of those involved in the process. Since we (the fan) understand that these 4 men can have the fight made if they so choose, our reverence soon becomes disdain, when they choose to just talk in circles.
aha men ra
He knows the guy with the bandage on his ass is going no were. Were you going fucking no were
by Elstriko on Jan 12, 2012 9:38 PM EST via Android app up reply actions
Plus Shaffer and Ellerbee
"I wish people would love everybody else the way they love me. It would be a better world."
—Muhammad Ali…
our reverence soon becomes disdain
Correction. I no longer have any reverence for these imbeciles. Give me Pirog, Rios, and the Klits. Give me Ioka and the Porpramook’s. Give me James Kirkland and Anne Wolf—and Ismayl Sillakh and Seth "Mayhem" Mitchell. Give me Gamvboa and Donaire.
But f—k these guys.
"I wish people would love everybody else the way they love me. It would be a better world."
—Muhammad Ali…
It won't sell
"I wish people would love everybody else the way they love me. It would be a better world."
—Muhammad Ali…
Even Cotto, Chavez, and Canelo have become more interesting for me.
"I wish people would love everybody else the way they love me. It would be a better world."
—Muhammad Ali…
And Cote out of Montreal
"I wish people would love everybody else the way they love me. It would be a better world."
—Muhammad Ali…
MANNY IS FULL OF SHIT!.
"I wish people would love everybody else the way they love me. It would be a better world."
—Muhammad Ali…

by 


























