|Geann Pineda |||Apr 23, 2015 05:48 AM EDT|
(Photo : Reuters) Floyd Mayweather Jr. and Manny Pacquiao pose at the press conference.
The much-awaited and most-coveted tickets to the Fight of the Century finally go on sale Thursday as camps of Manny Pacquiao and Floyd Mayweather Jr. reach a deal and resolve some outstanding issues.
Pacquiao's promoter Bob Arum said disputes on allocation of tickets, hotel rooms and the site contract for MGM Resort in Las Vegas had only been ironed out between the two camps nine days before the big fight, when these issues should've been resolved weeks ago.
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Both camps reached an agreement Wednesday morning after CBS Chairman Leslie Moonves, who also brokered the deal for the fight, intervened. CBS owns Mayweather's home network, Showtime. Moonves, whose magic touch seemed to have worked for the second time, led a conference call participated in by key people from both sides.
Beginning 3:00 p.m. ET Thursday, tickets will go on sale at the lowest price of $1,500. It can also be bought at $2,500, $3,500, $5,000 and $7,500 for ringside. There are ringside tickets priced at $10,000, but they won't be available for public purchase. The prices do not include service charges and tickets will be limited to only four per person. Tickets can be purchased at mgmgrand.com and ticketmaster.com.
Closed circuit tickets, where the fight can be viewed at MGM properties in Las Vegas, will be on sale beginning 6:00 p.m. ET Thursday. It will be sold at $150 each plus taxes and other fees. Viewing areas include MGM, Bellagio, Aria, Vdara, The Signature, Mandalay Bay, Delano, Monte Carlo, Mirage, New York-New York, Luxor, Excalibur and Circus Circus in Las Vegas. It will also be viewed at all other MGM Resorts properties around the world.
Arum said only 500 tickets will be sold to the public for the live event, half of the 1,000 tickets earlier reported.
The rest of the tickets will be divided among entities responsible for making the fight possible. MGM claimed 40 percent of the remaining tickets. The rest was equally divided between Mayweather Promotions and Top Rank.
MGM can seat 16,800 and is expected to be the largest-grossing fight in history, producing a gate of around USD $74 million - three time its record.
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