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article imageTickets to Mayweather-Pacquiao fight sold out almost instantly

By Leo Reyes     Apr 23, 2015 in Sports
On Thursday, the remaining tickets for the Mayweather-Pacquiao fight numbering about 1,000 were sold to the general public in minutes. The rest of the 16,500 tickets to fill the MGM Grand were gobbled by the promoters and the management of MGM Grand.
The tickets that were made available to the public were priced from $1,500 to $7,500 and there was a four-ticket limit for each household.
Right after the tickets were sold, prices soared in the secondary market with prices ranging from 5,000 to over $140,000 per ticket.
"Within minutes, secondary ticket markets were posting seats for sale. Stubhub.com were listing seats from $5,270.25 per seat in Section 202 to $141,575.25 for a floor seat in Section E," LBRJ writes.
The bulk of the tickets are being controlled by the promoters and the MGM Grand Garden Arena, the chosen venue for the May 2 super fight. These tickets will be sold to the secondary market to buyers who are ready to pay at premium prices.
Despite the exorbitant cost of the tickets in the secondary market, reports indicate that tickets have been reserved for prime buyers who are ready to pay at agreed prices.
With ticket prices reaching the Super Bowl record in the resale market, there is little doubt the Pacquiao-Mayweather fight will break the record as the biggest and richest fight in boxing history.
The Mayweather-Pacquiao fight has been in the pipeline for over five years and is estimated to generate close to $400 million in gross sales with Mayweather getting 60 percent of the fight purse while Pacquiao will get 40 percent.
The fight will take place at the MGM Grand Garden Arena in Las Vegas, Nevada next Saturday.
More about Boxing, Floyd mayweather, Manny Pacquiao, Tickets
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