Floyd Mayweather and Manny Pacquiao reach contract agreement 10 days before fight, tickets to finally go on sale
While it may seem like a minor thing, the inability to reach an agreement on the ticket distribution had turned the entire fight into a debacle, and the fight itself appeared to be more and more at risk with each passing day. While there was an agreement in place between the fighters, there was still no contract between the promoters and the MGM casino where the fight will take place, Iole reports.
The agreement was reached during a conference call orchestrated by CBS CEO Leslie Moonves, according to the report.
Bob Arum, the chairman of Pacquiao's promoter Top Rank, confirmed to Iole that they are just waiting for the paperwork to sign.
"If what we agreed upon is in the paperwork we receive, we will sign it and the tickets will be released," Arum told Yahoo! Sports.
According to Don Riddell of CNN, tickets will go on sale today.
A limited number of tickets are expected to be available to the public, ranking in price from $1,500 to $7,500. The total revenue from ticket sales is expected to be $72 million, a big chunk of the $300 million Mayweather and Pacquiao are expected to split.