Tuesday, May 5, 2015

Floyd Mayweather walks to the bank laughing


Floyd Mayweather walks to the bank  laughing
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The Floyd Mayweather  Manny Pacquiao fight was the biggest fight financially in boxing history. The thing that makes me shake my head is the business side of the fight. Floyd Mayweather made the most money on this fight than any other fighter has ever made.

I am not going to look at the moral aspect of the allegations or the charges because that has already been evaluated and diced up by all of the media outlets. What I will do is look at the history of the boxing purses and see what some of the top fighters in history have made and how they compare to this fight and what Floyd Mayweather acomplished with his business moves.

I will give this some perspective, Muhammid Ali earned $5.5 million dollars in the George Forman fight. Ali also received $2.5 million in the Joe Frazier fight. This is for the fighter many in the boxing world call the greatest boxer ever.

Another example I will use is Oscar Delahoya.  Oscar was a great fighter and he was able to profit on his abilities by managing his affairs and becoming his own promoter. This was a great move for him. His highest purse was $53 million dollars earned for fighting Floyd Mayweather Jr.

Many of us remember Lennox Lewis as the World Heavyweight Champion. He was a Canadian and British Citizen. Lennox Lewis made 30 million dollars in his fight against Mike Tyson. This was a huge amount of money made by a boxer but it pales in comparison to some of the other purses we have seen in boxing history.
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Mike Tyson was one of the most explosive fighters we have ever seen! He knocked out most of his opponents in the early rounds. Mike was coveted as a champion because of his fighting style.

For a few minutes he would give you amazing entertainment and many of his opponents were afraid of him because of his incredible power. Mike earned in his largest purse $30 million dollars for fighting Evander Holyfield. He also made another $30 million dollars for fighting Lenox Lewis in 2002.

As I looked at the fighters listed I found Wladimir Klitschko who had won multiple championships. He is the current and reigning heavyweight champion. Klitschko holds the WBO, IBF, IBO and The Ring heavyweight championships. His largest purse was from the fight with David Haye in which he earned $32 million.

Evander Holyfield is one of the greatest boxers in history. He held the world title for almost a decade. His highest purse was in the match with Mike Tyson. He earned $35 million for that fight.
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Now that we have some perspective on some of the most profitable fighters in boxing history lets look at what Floyd Mayweather was able to accomplish.

In 2009 Floyd Mayweather made the best business decision of his life because he became his own promoter and this set the stage for all of his future dealings. this led to him getting a much larger pay out for each of his fights. He gave up the money on the front end to profit on the back end. This is something we should all think about. You can get a small amount now or you can wait until later and get a much larger sum of money.

Today we are looking at the results of the mega fight and we see that Mayweather was able to keep the profits in his hands.  The purse he received was around $180.0 million dollars. This is more money than any other fighter has ever made. This can go to show some of the young fighters that you can be the cash cow for everyone else or you can take control of your carrier and make the profits for yourself. I think as far as business is concerned Floyd definitely won in this one. His personal life well that’s another story for another day.                                                                               Like us on Facebook

I hope you had fun reading this story, If you did please like it and share it with your friends. You can also subscribe to the blog and check out some of my cool wire sculptures.

See you next week.

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