Manny Pacquiao will be wearing the world’s most expensive shorts when he takes the ring at the MGM Grand Garden Arena with Floyd Mayweather on May 2.
The richest fight of all time, said to be worth $300 million and then some to those involved, is raking in the big bucks with the money streams certainly not limited to TV rights and ticket sales.
The PacMan’s shorts alone will carry sponsorship logos worth a total of P97 million ($2.25m/£1.5m), reports the Manila Bulletin.
‘The rate for this fight is different from the previous (fights),’ Pacquiao’s business manager Eric Pineda told the Bulletin, as reported by WorldBoxingNews.
‘So far, we have six (companies) that will have their logos on Manny’s trunks.’
We’ll have to wait though to see who Manny will be wearing on the shorts – to say early would be free publicity and surely cost more.
Pacquiao, who was visited by Sylvester Stallone in the latest of a string of celebrity meet-ups on Saturday, is assured more than P3.3 billion from the fight.
Mayweather’s cut is to be in excess of P5.2 billion before a range of other means of income from the fight are split by Mayweather Promotions, Top Rank and Pacquiao.
Meanwhile, the latest video offering insight into the Mayweather camp concentrates on the five-division champion’s gloves, as revealed by his uncle Roger.
‘Multiple gloves, multiple choices and it’s really up to the champ which ones he chooses,’ explains Roger Mayweather as his nephew surveys scores of gloves in an array of colours and weights.
Gloves at 14 ounces and up are to minimise the damage while sparring while 10 and 12 ounce gloves mean ‘you’re going for a nice hard punch, like you’re fighting.’
When one of the team says Nascar, it means a glove change is to take place just like a motor sport pit stop, Roger says.
‘When they say Nascar, that’s a change of gloves. It’s like being in a race. So he doesn’t get cold, his body doesn’t tighten up,’ he said.
On May 2, both Mayweather and Pacquiao have agreed to wear eight ounce gloves of their choice.
REVENUE STREAMS
Manny Pacquiao’s hands have made him countless millions over the years, and the 36-year-old found two more revenue streams for his upcoming superfight with Floyd Mayweather on May 2.
According to the Manila Bulletin (h/t Daily Mail’s Michael Gadd), Pacquiao is set to make $2.25 million alone from the sponsorships on his trunks, the highest total any boxer has made from the venture.
“The rate for this fight is different from the previous (fights),” said Eric Pineda, Pacquiao’s business manager, per Nick Giongco of the Manila Bulletin. “So far, we have six (companies) that will have their logos on Manny’s trunks.”
That seems like a king’s ransom just to get your logo on a boxer’s fight garb. Mayweather vs. Pacquiao is set to be the highest-grossing fight of all time, though, so getting that kind of visibility comes with a heavy cost. Plenty of American companies pay millions to have a commercial air during the Super Bowl.
Either way, Pacquiao will earn himself a couple more million on top of the millions he’s already in line to receive from this highly anticipated bout.
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