Floyd Mayweather Jr. will get more than $80 million following the PPV success of 'the One' while Manny Pacquiao set to invest in a $100 million energy industry.
Floyd Mayweather Jr. raised the word 'Money' to another level after netting the fattest paycheck in boxing history. Money May is reportedly set to earn at least $80 million following the PPV and gate success of his light middleweight clash with Saul Canelo Alvarez last Saturday.
Floyd Mayweather Jr vs. Manny Pacquiao
According to the latest press release by Showtime Boxing, 'the One' has already set a new Pay-Per-View record by racking up $150 million in PPV revenue. The Mayweather vs. Canelo Clash was also a blockbuster at the gates, garnering $20 million out of 16,146 tickets or an average price of $1,240 per ticket.
Mayweather, who is already guaranteed to earn $41.5 million even before he set foot inside the ring, could add at least $40 million more from his share of the PPV revenues. Canelo, who earned $5 million from last Saturday's fight, could raise his money total to $12 million - the Mexican's most lucrative paycheck.
Here's an excerpt from the press release issued by Showtime Boxing:
"The SHOWTIME PPV presentation of THE ONE surpassed the previous record of $136 million generated by Oscar De La Hoya vs. Floyd Mayweather boxing event in 2007."
"Preliminary reports from distributors show pay-per-view buys projected to be 2.2 million. While not fully reported from all distributors, the total buys could challenge the existing record of 2.48 million pay-per-view buys set by De La Hoya vs. Mayweather. The initial report immediately following the De La Hoya vs. Mayweather event in 2007 was 2.15. THE ONE has already exceeded the previous #2 event, the infamous World Heavyweight Championship bout between Evander Holyfield vs. Mike Tyson II (1.95 million, 1997)," Showtime said in the statement.
Meanwhile, Filipino fighting congressman Manny Pacquiao will reportedly invest in a potential $100 million energy deal with an Ottawa-based inventor.
In an interview with Ottawa Citizen, CEO of Waterotor Energy Technologies Fred Ferguson said the former pound-for-pound is interested to invest in the multi-million energy deal that could energize 15,000 to 20,000 homes in Saranggani Province.
"Pacquiao and I connected and got along great," Ferguson told the Ottawa Citizen. "He flew me down to his home in the southern Philippines and he asked if we would set up a partnership."
Michael Koncz, who served as Pacquiao consultant, also confirmed the looming partnership between Pacquiao and the Canadian invention, thought the Philippine Government would need to conduct additional queries before a contract is hammered.
"I think it's going to end up as a joint venture between (Ferguson) and us," Koncz said. "It's a tremendous help because there are still a lot of people, especially in (Pacquiao's) region of Sarangani, that don't have electricity. So this will be our pilot project to expand it throughout Asia."
Ottawa Citizen described the Waterotor as a device capable of harnessing energy from slow-moving water currents. The small rolling drum-like invention functions in anywhere from one to six-mile-per-hour currents, generating power by capturing the torque or push of the water
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