Manny Pacquiao is reportedly going to spend at least $3 million to purchase tickets for his friends and family at the MGM Grand Garden Arena for his long-awaited fight with Floyd Mayweather Jr. on Saturday night.
Kimberly Pierceall of the Associated Press reports Top Rank CEO Bob Arum, who works with "Pac-Man," confirmed he paid for his own marquee seat and provided the details of the Filipino superstar's massive ticket purchase:
Ticket revenue records are expected to be pummeled this weekend. And there might be no better indication of that than one person who will sit ringside after paying his own way: Pacquiao's own promoter, Bob Arum.
Arum said he paid $10,000 for his front-row seat. And Pacquiao is footing the $3 million to $4 million bill for 900 tickets to pass out to his entourage, Arum said.
A limited number of tickets were made available to the public. In turn, those hoping to see the hyped clash between the top two pound-for-pound fighters of the current era have had to look elsewhere. The prices are predictably through the roof.
Jesse Lawrence of Forbes previously pointed out the average cost of a ticket on the secondary market was nearly $11,000. To put the number in perspective, he noted it was higher than the get-in price for the 2015 Super Bowl.
The fact Pacquiao was able to secure 900 tickets for his entourage helps explain why so few tickets were available. Mayweather is likely bringing a sizable contingent, as well.
It's been a long time since sports fans witnessed a boxing match of this caliber. Barring a rematch, it could be quite awhile before another one comes along. So some people are willing to pay the sky-high prices to see the event in person.
They'll be joined by a large group cheering Pacquiao on thanks to his pricey purchase. Of course, his payday once the fight ends will dwarf the ticket costs.