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Next Stop On Floyd Mayweather's Money Tour Is Marcos Maidana
Photo Credit: Forbes Business

Next Stop On Floyd Mayweather's Money Tour Is Marcos Maidana

Feb 24 2014, 9:03pm CST | by

On his 37th birthday and after months of speculation, Floyd Mayweather announced that he will put his undefeated 45-0 record on the line in a fight against Marcos Maidana on May 3. It will be the...

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21 weeks ago

Next Stop On Floyd Mayweather's Money Tour Is Marcos Maidana

Feb 24 2014, 9:03pm CST | by

On his 37th birthday and after months of speculation, Floyd Mayweather announced that he will put his undefeated 45-0 record on the line in a fight against Marcos Maidana on May 3. It will be the third fight in the blockbuster six-fight deal he signed with Showtime in 2013 that is worth more than $200 million. Maidana, 30, put his name into the conversation for a Mayweather payday after his unanimous decision against Adrien Broner in December. Maidana and Amir Khan were the expected finalists to fight Mayweather, as Money Mayweather announced the news Monday night via Twitter to his 4.7 million followers.

I will be fighting Marcos Maidana May 3rd on Pay-per-view Showtime/CBS http://t.co/mtj7H8WVxu pic.twitter.com/Rc2N87zcjP

Floyd Mayweather (@FloydMayweather) February 25, 2014

The fight will be broadcast on Showtime PPV, but the venue is still to be determined. Mayweather has fought at the MGM Grand in his home of Las Vegas each of his past eight trips into the ring, but speculation is swirling that Mayweather will consider an alternative location like New York for the May bout to help drum up interest in the fight. New York represents a challenge due to the tax consequences for the fighters, but Showtime Sports boss Stephen Espinoza told Forbes  in December that New York City was definitely an option for one of his remaining fights. “He wants each of these last fights to be huge memorable events,” said Espinoza. “One way to do that is switch up the venue.”

“Marcos Maidana’s last performance immediately brought him to my attention,” said Mayweather in the press release announcing the fight. “He is an extremely skilled fighter who brings knockout danger to the ring. I think this is a great fight for me and he deserves the opportunity to see if he can do what 45 others have tried to do before him – beat me.”

Mayweather is in a tough position. His destruction of top challenger Canelo Alvarez in a fight billed as “The One,” makes the promotion of any upcoming fights difficult. Fans will hesitate to plunk down $75 for the hi-def pay-per-view telecast if no one gives the opponent a chance. It is also a busy boxing season on PPV with one telecast a month between March and June featuring the sports biggest stars including Mayweather, Alvarez, Manny Pacquiao and Miguel Cotto . There were only four boxing PPV telecasts in all of 2013. Fans are going to have choices which fight cards they want to buy.

The Argentine Maidana is little known outside of big fight fans and many are skeptical if he (or anyone) can hang in the ring with Mayweather. It is a problem that plagued the promotion for Mayweather’s bout with Roberto Guerrero, which was the first under his Showtime pact, and drew one million PPV buys, according to the network. Maidana won the WBA welterweight title when he beat the heavily favored Broner, but Maidana has three losses on his record against 35 wins since turning pro in 2004. Mayweather started the May fight promotion early with a poll  asking his fans to choose his next opponent. The poll drew more than 35,000 votes with Khan receiving 57% of the tally and Maidana 43%, but Mayweather went out on his own and chose Maidana.

Mayweather has generated huge PPV audiences for his bouts regardless of the opponent. During his career, Mayweather has generated 12.8 million PPV buys and over $800 million in revenue. His past eight fights averaged nearly 1.5 million PPV buys and only his fight against Ricky Hatton drew less than one million buys. The One was the highest-grossing bout in the history of boxing with $150 million in PPV sales and roughly $200 million from all revenue streams. The fight earned Mayweather $80 million and pushed his career earnings to an estimated $360 million .

Mayweather received a guarantee of $32 million for his Guerrero fight and should see something similar for Maidana (Mayweather’s record $41.5 million guarantee for The One was based on the huge expectations). Ultimately, Mayweather’s upside will be based on the PPV audience. He saw almost no upside for Guerrero, but added $40 million to his payday against Alvarez with the massive PPV. As he has done since his split from Bob Arum and Top Rank in 2006, Mayweather will beat on himself by promoting the fight through Mayweather Promotions and cutting out the middleman. Golden Boy Promotions, which represents Maidana, will co-promote the bout. Expect Money Mayweather to keep winning in and outside the ring.

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Source: Forbes Business

 
Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was t ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

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KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by rob ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejec ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddi ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

6 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.7 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

6 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Mustapa Mohamed ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allo ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Baz ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Ki ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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