The showdown between the biggest stars in boxing and UFC is less than a month away and tickets are still not on sale. That changes today with tickets for Floyd Mayweather versus Conor McGregor available at 1 ET at Tickmaster.com or on site at the T-Mobile Arena in Las Vegas. Tickets for the August 26 bout range from $500 to $10,000 with additional fees applied at checkout. Other tickets cost $1,500, $2,500, $3,500, $5,000 and $7,500. There is a limit of two tickets per household.
The arena, which opened last year, holds 20,000 for boxing. The get-in price is less expensive than the 2015 Mayweather-Manny Pacquiao bout where the cheapest list price was $1,500 at the 16,800-seat MGM Grand Garden Arena. Only 500 tickets were released to the public in that fight with the rest doled out to promoters and others involved with the bout.
While tickets have yet to hit the market for Mayweather-McGregor, you can already bid on them on the secondary market. Ticket reseller TicketIQ has more than 400 tickets available as of Monday morning at prices starting at $3,000 for nosebleed seats, and they range as high as $24,000 for ringside ones.
The Mayweather-McGregor fight promises to be one of the biggest financial bonanzas in the history of sports, on par with a Super Bowl or the Mayweather-Pacquiao bout, which generated $600 million in revenue. The pay-per-view audience will ultimately determine how big a cash cow the night is. The fight is priced at $100 for the high-definition PPV feed ($90 in standard def) and Las Vegas is currently taking over-under bets on 4.99 million PPV buys. Mayweather-Pacquiao had 4.6 million buys.
Both fighters will make a killing on the bout. McGregor is set to earn at least $75 million, which would be five times any payday he had at UFC. Mayweather has made a career of big paydays befitting a fighter nicknamed “Money.” He earned roughly $250 million for his unanimous decision over Pacquiao. Another payout along those lines would push his career earnings to $1 billion. Mayweather would be just the third athlete to earn $1 billion from his sporting career after Michael Jordan and Tiger Woods.
Mayweather was the highest-paid athlete three times over a four-year span before his “retirement” in 2015. The McGregor fight is sure to put him back on top again. – Written by Kurt Badenhausen, FORBES STAFF
Making South Africa Proud And His Inspiration Outside The Pool
Swimming sensation Chad le Clos had planned on returning from the Tokyo 2020 Olympics with gold but with the games postponed, he’s for now focusing on family, fitness and his foundation.
For many athletes, the postponement of the Tokyo 2020 Olympic Games to 2021 has meant stalled training regimes. South Africa’s 28-year-old Olympic gold medalist swimmer Chad le Clos, at home in the coastal town of Durban while in lockdown in South Africa, says this year, he had hoped to return from the Olympics with another gold medal.
“I planned on hopefully winning a gold medal and coming back home and celebrating with the country. I was planning on doing a lot of great things this year. It is quite sad but I am looking at the bigger picture. There are a lot of things I want to achieve inside and outside of the pool. The Olympics is the biggest goal I will ever have. And hopefully, I can make South Africa proud next year.”
Posing in front of his haul of medals at home in Durban, in a Zoom interview with FORBES AFRICA, Le Clos, who was also one of FORBES AFRICA’s 30 Under 30 list-makers in 2019, says he is waiting to get back into the pool.
“Before the lockdown in South Africa, I was away in Europe training. For the last five weeks, I have not been able to train but I was very lucky to spend time with a family friend on his farm on 36 acres of land with horses and dogs, so I was mostly training outdoors.”
The sports star, who is also recovering from two recent surgeries, says swimming is different from any other sport.
“As a runner or athlete, you can run, but as a swimmer, you need to have that feel of the water. It’s a very different fitness. I am a terrible runner, I can’t run at all. But when I am in the pool, I can be as fit as I can… So focus is important, once you lose that feel, it will take weeks to get back to that fitness.”
Le Clos, who has been swimming competitively from the age of 10 and is a 17-time Commonwealth Games medalist, speaks about the Chad le Clos Foundation and the special projects coming up in the townships also serving underprivileged communities.
How about becoming an entrepreneur at some point, we ask in this interview.
“I don’t want to close any doors. I want to dive into everything head on. Right now, my big focus is the Olympics. I am in a great mental head space. My family is the most important thing and they are safe. Once swimming has firmly shut, I will focus on the next chapter and it will be some sort of business. I have a lot of passion projects like I have said with my foundation…”
Le Clos says he has looked up to swimmer Michael Phelps his whole life (and even beat him at the age of 20 by 0.05 seconds at the 2012 Olympics in London in the men’s 200meters butterfly), but the iconic boxer Muhammad Ali is his “ultimate idol”.
“For what he stood for, the greatest boxer of all time, he was the people’s champion. I am not as outspoken as he was, but I have always seen myself too as a people’s champion, I have seen myself swimming for my family, my people and my country. Muhammad Ali is my hero and icon. And my big inspiration outside of the pool.”
During the lockdown, besides “playing a lot of poker with my family and losing”, it has also been a good time to reflect.
“I like to visualize positive things. As a kid, I always visualized success, the Olympics, the gold medal, you create that moment, and let that percolate. The more positives you put out are the positives you will get back. Focus on the positives. During this time, make yourself stronger mentally. You can come out of this stronger, and it will help you going forward.”
Naomi Osaka Is The Highest-Paid Athlete Ever, Topping Serena Williams
The 22-year-old Japanese tennis player racked up $37 million in earnings in the past year, more than any other female athlete in history.
Naomi Osaka was only a year old when Serena Williams won her first grand slam title in 1999. Nineteen years later, Osaka beat Williams at the U.S. Open finals to win her first grand slam. It was one of the most controversial matches in Open history involving three code violations called against Williams. Now the 22-year-old ace has beaten her legendary rival once again, this time for bragging rights as the highest-paid female athlete in the world.
Osaka earned $37.4 million the last 12 months from prize money and endorsements, $1.4 million more than Serena, setting an all-time earnings record for any female athlete in a single year; Maria Sharapova held the prior record with $29.7 million in 2015.
Osaka ranks No. 29 among the 100 highest-paid athletes, while Williams is No. 33. It’s the first time since 2016 that two women have made the ranks of the top 100 highest paid athletes, with the full 2020 list set for release next week.
“To those outside the tennis world, Osaka is a relatively fresh face with a great back story,” says David Carter, a sports business professor at USC Marshall School of Business. “Combine that with being youthful and bicultural, two attributes that help her resonate with younger, global audiences, and the result is the emergence of a global sports marketing icon.”
The ascension puts an end to a decisive winning streak for Williams, who has been the world’s highest-paid female athlete each of the past four years, with annual pre-tax income ranging from $18 million to $29 million. The 23-time grand slam champion has collected almost $300 million during her career from endorsers who have swarmed the 38-year-old star.
Osaka’s rise to the head of the charts was a perfect convergence of several factors. She first proved herself on the court, with back-to-back grand slam titles at the 2018 U.S. Open and 2019 Australian Open. That plus her heritage—a Japanese mother and Haitian-American father—helped separate her from the pack; at only 20 when she won her Open title, she had a cool factor and engaging personality.
Osaka’s roots are crucial to her endorsement stardom. She was born in Japan. When she was three, she and her family moved to the U.S., settling on Long Island and then heading to Florida; older sister, Mari, also plays on the pro circuit.
She turned pro in 2014, a month before her 16th birthday. She cracked the WTA’s top 40 in 2016 and won her first title in March 2018 at Indian Wells. In the 12 months that followed, she became the first Japanese player to win a slam, and first Asian tennis player ever to be ranked No. 1 in the world.
Osaka maintains dual citizenship but made the wise choice to represent Japan ahead of the since-postponed Tokyo 2020 Summer Olympics. The decision made her an even hotter commodity for Olympic sponsors, like Procter & Gamble, All Nippon Airways and Nissin, who signed endorsement deals with Osaka to use her around marketing for the Games, now scheduled for summer 2021. She is expected to be one of the faces of the Olympics that had triggered unprecedented levels of excitement among the Japanese public before the coronavirus.
A Decade Of Highest-Paid Female Athletes
Tennis has been a winning strategy for highest-paid female athletes. Before Naomi Osaka arrived on the scene, Maria Sharapova and Serena Williams were the top earning women of the decade, holding the top spot for five and four years, respectively.
The last top-earning female athlete, outside of Williams and Sharapova, was Serena’s sister Venus in 2003. Tennis remains the only route for women to rank among the top-paid male sports stars. Sharapova, Li Na, Serena, and now Osaka are the only females to rank among the 100 top earners in sports since 2012. The highest-paid female athlete every year since Forbes started tracking the data in 1990 has been a tennis player, with Steffi Graf and Martina Hingis the top earners most of the 1990s.
Tennis players are walking billboards in the only major global sport where men and women have some level of equality in their paychecks, thanks to similarly sized audiences tuning in to watch tournaments. Prize money at the four grand slam events has been even since 2007, although men still earn more at lower level tourneys.
The demographics of the tennis fan make sponsoring top players attractive for brands. At the U.S. Open last year, attendance skewed in favor of women by a ratio of 56 to 44, a rarity at big time sporting events; 78% held at least a bachelor’s degree versus 35% for the U.S. overall; the average household income was $216,000. This is a group with significant disposable income, ready to buy apparel, sporting equipment, cars, watches and financial services.
Steering Osaka’s brand is tennis powerhouse agency IMG, which leaned on its history with breakout female tennis stars when Osaka started blowing up, having represented Maria Sharapova and Li. Stuart Duguid is her lead agent at IMG.
The apparel deal is almost always the biggest endorsement for tennis stars, and Osaka’s timing was perfect there as well, as she hit the open market just after winning two grand slams. It triggered a free agency bidding war between Nike and Adidas—her previous apparel sponsor. The Swoosh emerged on top and paid her more than $10 million last year in an agreement that runs through 2025.
Osaka secured an extremely rare but lucrative provision in her Nike contract. The sportswear giant always requires its tennis players to be clad in Nike gear from head to toe, without any other logos on their shirts or hats. This is lucrative real estate for marketers, as cameras focus closely on the player as they serve or get set to return serve.
Nike never made an exemption for Serena, Sharapova, John McEnroe, Andre Agassi or any of the other marketable tennis stars in their stable. The only exception until last year was China’s Li Na; Osaka was the second, thanks to massive leverage with Sharapova headed for retirement and Williams turning 39 this year. Her “patch” deals are with All Nippon Airways, MasterCard and ramen noodle maker Nissin Foods.
Nike plans to launch an Osaka streetwear line in Japan in the fourth quarter, featuring hoodies, leggings and shirts, as well as a new collection each season. There will not be any tennis apparel.
Osaka now has 15 endorsement partners, including global brands like Nissan Motor, Shiseido and Yonex, whose tennis racquets she has used for more than a decade; almost all are worth seven-figures annually.
Sharapova was 17 when she defeated Williams to win the 2004 Wimbledon crown. IMG quickly mobilized to lock up lucrative long-term deals for the Russian, who ranked as the highest-paid female athlete for 11 years before injuries and a suspension for taking a banned substance dented her earnings.
IMG got an education on marketing a female Asian tennis star with China’s Li. She was the first grand slam singles champion from Asia, man or woman, when she captured the 2011 French Open at age 29. IMG quickly secured seven multi-million deals, pushing her off-court earnings from $2 million to $20 million. She challenged Sharapova as the sport’s top earner until her retirement in 2014.
IMG used its expertise in Japan with Kei Nishikori, who has never won a grand slam but is the most successful Japanese male player ever, resulting in an endorsement portfolio worth $30 million a year.
Sharapova, Li and Nishikori paved the way for Osaka’s marketing breakthrough. “We were fortunate to have a very sophisticated office in Tokyo that already had the experience with Kei,” IMG’s head of tennis Max Eisenbud told Forbes last year. “The relationships in that region are important.”
With plenty of endorsement cash, Osaka partnered with several brands last year, with significant equity components, including emerging sports drink BodyArmor and Hyperice, which makes recovery and movement products.
BodyArmor marketing exec Mike Fedele says Osaka was one of inspirations for its “Only You” ad campaign launched this week. “Naomi is fiercely dedicated to perfecting her game on the court and a huge part of that is what she does off the court with her training, nutrition and hydration,”he says.
“I’m really interested in seeing a young business grow and adding value to that process,” Osaka told Forbes last year. “I tasked my team with finding brands that align with my personality and my interests.”
Brands are lining up to get into the Naomi Osaka business.
Here Are All The Crazy Things People Are Betting On In The Absence Of Live Sports
TOPLINE With most live sports suspended during the coronavirus pandemic, online gamblers have turned to different contests like Russian table tennis and Korean baseball, while also betting on everything from video games and reality television shows to political news and even the weather.
- “[English] darts and esports have had big increases in betting volumes, along with football [soccer] leagues that have kept playing like the Belarusian Premier League,” says Pascal Lemesre, a spokesman for U.K. betting exchange platform Smarkets. “Horse racing remains our most-traded sport and has made up two-thirds of volume since the lockdown began.”
- Many betting companies, like DraftKings, had to really dig and get creative with new offerings during the pandemic, says Johnny Avello, head of sportsbook for DraftKings. “We went out and found whatever we could… we wanted to keep our customers engaged.”
- A charity golf match with Tiger Woods, Peyton Manning, Phil Mickleson and Tom Brady, for example, has drawn massive interest and could surpass the betting volumes DraftKings saw in last year’s major golf tournaments.
- Betting on esports has also seen a huge uptick and has really “made its mark,” he says: Virtual NASCAR races proved to be immensely popular, along with daily fantasy for video games like League of Legends and Counter-Strike: Global Offensive.
- There has also been a lot of interest in betting on politics, including who will win the 2020 U.S. presidential election, who Democratic nominee Joe Biden will choose as his vice president and how long UK prime minister Boris Johnson will stay in office.
- According to data from Smarkets, almost $2 million has already been traded on the election, with Donald Trump retaining a 5% lead over Joe Biden; Kamala Harris is frontrunner to be Biden’s VP, slightly ahead of Amy Klobuchar.
- Since the Democratic debate between Joe Biden and Bernie Sanders in mid-March, DraftKings has offered free-to-play betting pools around many political events, along with reality television shows like Survivor and Top Chef, and even the weather in certain states.
Bettors have certainly shown interest in gambling on the outcomes of their favorite TV shows: According to data from BetOnline, there was even a flurry of betting on the final episode of The Last Dance, with odds on things like whether Michael Jordan would cry while being interviewed or how many people would be shown with a cigar in their mouth.
WHAT TO WATCH FOR
Sportsbooks are seeing huge pent-up demand as some major sports like NASCAR and German Bundesliga soccer start to resume. Soccer, which normally makes up 45% of the Smarkets’ betting volume, fell to 23%, maintained largely by interest in the Belarusian Premier League and Nicaraguan soccer, both of which continued to play games amid the pandemic. With the German Bundesliga resuming last weekend, betting volumes increased 428% compared to the previous round of fixtures before coronavirus, according to Smarkets.
“When you don’t have all the normal content, customers will migrate,” Avello says. “That’s the positive that’s going to come out of this—we’re always looking for additional content.”
DraftKings reported record betting during the NFL Draft last month—13x the volume from last year—and has also seen strong interest in the recent return of Ultimate Fighting Championship events, the company said. “We got good action on the stuff we did, but now that we’re starting to get back to core events, demand should rise even higher,” Avello predicts. If the NBA and NHL start playoff seasons this summer and the MLB returns, for instance, “it could be one of the bigger summers that we’ve ever had.”
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