The May 2 bout between Floyd Mayweather and Manny Pacquiao was made official on Wednesday after Top Rank, Mayweather Promotions and the MGM Grand came to an agreement to resolve multiple issues associated with the fight, according to Yahoo Sports.
The parties had been trying to iron out an agreement on several issues, including ticket allocation, credentials and other aspects of the much-hyped fight. The promoters and the MGM Grand, where the fight will take place, had not yet signed a contract, even though the fight was agreed to in February.
Now that the parties have reached an accord, tickets for the fight will be made available to the public. Tickets will cost as much as $7,500 and as little as $1,500, according to Yahoo Sports.
"We resolved all of the issues and now we're waiting for the paperwork," Top Rank chairman Bob Arum told Yahoo Sports. "I said on the call that if what we agreed upon is in the paperwork we receive, we will sign it and the tickets will be released."
The fight is likely to be the richest bout in boxing history, with both Mayweather and Pacquiao each expected to bring in more than $100 million. Tickets will be required for the weigh-in before the fight, with each costing $10 and proceeds going to charity.
- Stanley Kay