There is business in boxing, and its effect on the economy can be significant, especially when the battle in the ring involves the fighter of the decade Manny Pacquiao (52-3-2) and former three-division world champion Shane Mosley (46-6-1) fighting for the WBO Welterweight Championship. . By the way, I’m writing this article to express my oozing excitement on this breathtaking fight between Pacquiao and Mosley. The event is scheduled to start on the evening of Saturday May 7, 2011 (Philippine time: Sunday morning May 8 ) at the famed MGM Grand, Las Vegas, Nevada. I decided to write this post in this business blog to discuss the impact of this event on the economy of Las Vegas, and the rest of the world. Moreover, we will also join the millions of people around the globe who will watch and experience the thrill of the bout.
Manny Pacquiao vs. Shane Mosley (WBO welterweight championship) – Manny Pacquiao won by unanimous decision! The Pacman dominated and punished Mosley in all rounds. Mosley down in round three. Referee Kenny Bayless mistakenly credited Mosley with a knockdown in round ten after he threw Pacman to the deck. Nevertheless, judges scores were 119-108, 120-108, 120-107 in favor of the pound-for-pound king and fighter of the decade Manny Pacquiao.
Featured undercard bouts:
Wilfredo Vazquez Jr. vs. Jorge Arce (WBO junior featherweight championship) – Arce stopped Vasquez in round 12
Kelly Pavlik vs. Alfonso Lopez (super middleweight) – Pavlik won a ten round majority decision
Mike Alvarado vs. Ray Narh (junior welterweight) – Alvarado won by TKO after round 3
Jose Benavidez vs. TBA (junior welterweight) – Benavidez won by 5th round stoppage
Karl Dargan vs. TBA (lightweight) – Dargan won a six round unanimous decision
Pier Olivier Cote vs. Ariz Ambriz (junior welterweight) – Cote TKO Aris Ambriz in the fourth round
Rodel Mayol vs. TBA (junior bantamweight) – Rodel Mayol won by Majority Decision
If you want to know who wins, we will post here the latest result of the bout, which we can only know on the fight night. On this event, I hope that the fans and the people watching the event will be the ones who will become the winners. I expect that it will become one of the most exciting and thrilling fight of the year, as what we usually expect when the Pacman fights. Of course, I’m also rooting for the Philippine living national treasure, Manny Pacquiao, to be the one who will emerge as the victorious. But whoever wins or loses between the two great boxers, they have already earned their legacy, as well as millions of paychecks. So let us wait and see! The results are here!
Boxing and business
Manny Pacquiao has recently been recognized as the highest paid athlete, earning a whooping $32 million in his estimated purse in two fights during 2010 (tie with Alex Rodriguez, an American Major League Baseball star, with also an estimated $32 million earnings from his 2011 salary) in the ESPNs The Magazine, May 2011 “all about the money” issue. Here, we can tell that these star sportsmen are earning huge money. However, they are not only the ones who earn big amount of money – other people are even earning more than what these hardworking super athletes are earning. I’m pertaining to the giant companies and corporation who are behind these events of boxing. I’m talking about Bob Arum’s Top Rank (the promoter), Showtime (the PPV distributor) and CBS (the TV channel). These three giant companies will be teaming up with each other to promote, produce and distribute the fight on pay-per-view. So who will have the biggest share of cake? Well, it’s not the boxer, but the promoter, producer and the distributor.
Boxing and economy
Now, that we know the business roles of the boxers, promoter, producer and the distributors, we will go to the larger scale. Boxing and economy are two very related things. When boxing is poor, it can hurt the economy. On the other hand, when boxing is great, it can boost the economy. Now that a colossal event is happening in Las Vegas, we can expect the rise of some industries in the city, such as hotels, restaurants, travel, media and tourism. Bloggers who blogs for the big event are also expected to receive lots of traffic that are convertible to profit. Back in the Philippines, let’s just hope that the Philippine government officials, who wants to fly from our country to Las Vegas to watch live the fight, will not be spending the money and funds of our nation. And speaking of the funds of our nation, Manny Pacquiao is one of the top individual taxpayer, who pays taxes to the BIR in the Philippines, with his million dollar purse from his boxing fights.
Well, let’s now move forward to watching the big fight between Manny Pacquiao and Shane Mosley.
Photo source: The image is an official poster for the Manny Pacquiao and Shane Mosley fight, which is owned by its promoter Top Rank. This image is used to illustrate Pacquiao vs. Mosley for informational or educational purposes only.