Chris Algieri falls after taking a punch from Manny Pacquiao Photo by Tyrone Siu, Reuters
MANILA, Philippines – The recent WBO welterweight title clash between Filipino superstar Manny Pacquiao and erstwhile unbeaten Chris Algieri got over 400,000 pay-per-view (PPV) buys, according to boxing promoter Bob Arum.
This was a far cry from the 800,000 buys Pacquiao got in his rematch against Timothy Bradley last April and even lower than the 1.25 million buys the Filipino got in his dream fight with Oscar dela Hoya in 2008.
But Arum isn’t disappointed.
"It’s good for a fight that takes place in Macau," the Top Rank Inc. CEO said in Chris Mannix’s report o SI.com.
"If it takes place out of the U.S., that’s an automatic 40-50 percent reduction.”
Arum attributed the reduction in PPV buys to the lack of direct involvement of US media.
“There is no ESPN around the clock, not all the media is involved. In the U.S., that fight does 700-800,000 buys,” he said.
The promoter likened Pacquiao-Algieri to the other historical matches that took place outside the US.
He said that Muhammad Ali’s overseas fights against Joe Frazier and George Foreman also didn’t do well in US close circuit.
“This goes back to ancient times. The worst performing fight in the Ali-Frazier trilogy was the Thrilla in Manila because it took place outside the country. Even the Ali-Foreman fight didn’t perform that well in closed circuit in the U.S,” he said.
Arum, however, is adamant in holding fights in Macau because of the Chinese market.
He claimed that they have been earning a lot in China, given Macau’s generous tax cuts.
“People say, 'Well why are you doing it?' It’s because of the tremendous amount that we make in China,” said Arum.