Brokers and scalpers are making a killing in ticket sales for the May 7 world welterweight title fight between Manny Pacquiao and Shane Mosley, Hall of Fame promoter Bob Arum said from his lair in Las Vegas.
"People are making so much money from this fight," said Arum, the 79-year-old chief of Top Rank Inc, undoubtedly the leading promotional outfit these days. "People are waking up in the morning saying 'I want a ticket to the fight' and they would pay any amount to get one."
Demand for tickets to the 12-round war at the MGM Grand Garden Arena in Las Vegas that Arum said there's none available now.
"What we have now are three tickets...three tickets and by tomorrow, they would all be gone," said Arum in his trademark New York drawl.
Tickets - priced from a high of $1,000 to a low of $150 -were made available to the public two months ago.
Internet sellers are making huge profits with them low-priced tickets pegged as much as $350, while the high-end ringside seat is selling for as much as $3,800.
Even the closed-circuit viewing is starting to catch on following the unavailability of tickets to the 17,000-seat venue.
"So far, there's been a sale of 3,000 tickets to closed-circuit and all the MGM-Mirage operated hotels and resorts will be showing the fight," said Arum.
"We still have a full month ahead and everything's great about the promotion," added Arum.
- Source
