In this day and age as well as it has in the past, sport and the economy are linked very closely together. In class on March 17th, 2015, we discussed gate revenue. Gate revenue is the primary market ticket sales for live events. In other words, that is the money made at the gate of the event. In this article regarding Floyd Mayweather and Manny Pacquaio, it states that Mayweather will break his own gate record, exceeding $20 million. Another main point we discussed in class was who benefits economically from sports? That answer is athletes. This main event is set to surpass a total of $400 million dollars, with $150 million in revenue coming straight from Mayweather and Pacquio. That being said, how much do you think the gate revenue will be for the upcoming Mayweather/Pacquio fight? Keep in mind, according to Forbes, tickets will start as low at $1,500 but floor seats will start as low as $22,000.
Event
|
Gate Revenue
|
Date of Event
|
Mayweather vs
Pacquio
|
?
|
5/2/2015
|
Mayweather vs
Alvarez
|
$20 million
|
9/14/2013
|
Mayweather vs
De La Hoya
|
$18.4 million
|
5/5/2007
|
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