We already knew that the Saturday night fight between Floyd Mayweather and Canelo Alvarez would be shattering the old live gate record, and at today's undercard press conference, Golden Boy CEO Richard Schaefer gave an official new number: $20,300,150.
The record was previously held by the 2007 mega-fight between Oscar De La Hoya and Mayweather, which set all the revenue records for live gate, pay-per-view money, and pay-per-view buys. Per official Nevada records, the De La Hoya-Mayweather gate reached $18,419,200. Mayweather-Canelo has already surpassed that by nearly 2 million, and now we'll see if they can bust one or both of the PPV records, too.
Schaefer said the fight is effectively sold out at the MGM Grand, which was pretty much a given as soon as tickets went on sale. This has been by far the hottest ticket we've seen in boxing in many years, and it's expected that this will be easily the biggest fight since Oscar-Floyd, with a chance still to beat it out in every financial manner.