Las Vegas (AP) — Sixty-million dollars sounds pretty good to Leonard Ellerbe.
Dressed dapper in a white shirt and slacks, topped with a navy pinstriped blazer, the CEO of Mayweather Promotions flashed an occasional smile while addressing the media last week at Mayweather Boxing Club.
That was until he was questioned about slow ticket sales for the upcoming fight between Floyd Mayweather Jr. and Conor McGregor on Aug. 26 at T-Mobile Arena.
“I’m actually tired of hearing that question,” Ellerbe said, as the smile disappeared. “Right now, we have over 60 million dollars in the box office. What part of that remotely looks like ticket sales are slow? This isn’t a damn Rolling Stones concert. That’s the only thing that sells out in seconds. We’re talking about tickets that go from $500 to $10,000. That’s an expensive ticket.”
And with thousands of seats still available, and the fight two weeks out, some believe the next sporting event that will sell out in that venue will be a Vegas Golden Knights game, when the newest NHL expansion team opens the 2017-18 season. Critics also believe with some second-tier seats carrying a five-figure price tag, the pay-per-view fee of $99.95 seems like a bargain.
“We’re going to blow past our own record of $72 million; this fight is massive,” Ellerbe said.
Mayweather and Manny Pacquiao’s “fight of the century” saw live gate receipts produce more than $71 million in revenue at the MGM Grand Garden Arena, easily surpassing the previous live gate record of $20 million, for Mayweather-Canelo Álvarez.
Mayweather reiterated Ellerbe’s thoughts.
“We’re doing crazy numbers, forget what you all (are) hearing. We’re doing crazy numbers,” Mayweather said. “Our fight is doing unbelievable numbers. The pay-per-view numbers are going to be unbelievable and we will have a sold-out crowd. I’m not worried about that.”