BOTH Golden Boy Promotion and Top Rank top executives are now downsizing and downplaying their earlier huge forecast on pay per view (PPV) buys for the December 6 (December 7 Philippine time) fight between Oscar dela Hoya and Manny Pacquiao. From a high estimate of topping or equaling the 2.15 million buys generated by the Dela Hoya-Mayweather Jr. ticket last year, the promoters of the Dream Match are now saying 1.5 million PPV buys would already be a 'smash hit' given the recession that is hitting the US economy.
Scalpers who anticipated to make a killing earlier cornered the live ticket sales are now reportedly having a hard time moving tickets valued at $1,500 where before these could command a pricey tag of up to $35,000 each.
That is why this corner has always prodded Pacquiao lawyer Jeng Gacal, a fellow 1977 graduate of the Marist Notre Dame school system in General Santos, to always include in the fight contract proviso of Manny a guaranteed purse clause.
For the Dela Hoya tiff, a $10 million dollar guaranteed pay slip plus substantial share on the upside of the PPV and other sales (live and close circuit television tickets and cable and free TV proceeds) were broached.
After all, it was money above all that made Team Pacquiao decide to take on Dela Hoya's offer aside from a shot at boxing immortality.
Dela Hoya's initial offer to Manny was a flat out 70-30 split on PPV buys that was promptly rejected by Team Pacquiao and which turned out to be a good decision.