Sagging economy leaves boxing fans on the ropes about buying fights
Hard times and a deteriorating economy have some boxing fans thinking twice about digging into their pockets and laying down 50 big ones to watch the fights, writes Robert Cassidy.
Originally Published: October 3, 2008By Robert Cassidy | Special to ESPN.com
Chris Farina/Top RankFiscal crisis or not, the show must go on for boxing superstars Oscar De La Hoya, left, and Manny Pacquiao.NEW YORK -- Roberto Gonzalez loves boxing. He has been passionate about the sport since he was 12 years old and started watching fights with his father in the living room of their Brooklyn, N.Y., home. As a kid, he was hooked on Muhammad Ali and Roberto Duran and Esteban DeJesus; he'd catch them all on free television. But now, at the age of 52, he is finding it increasingly hard to keep up with the sport he loves. In the current economic climate, frivolity takes a backseat to reality.
In the past, yes, I wouldn't miss it [the Oscar De La Hoya-Manny Pacquiao fight]. I don't know if I can afford it [now]. I mean, I grew up watching fights for free every weekend with my dad. And those were great fighters, great fighters. I could watch Muhammad Ali on television. I still love boxing, but it's harder to love it now.
-- 52-year-old maintenance supervisor Roberto Gonzalez, on why he might have to miss the biggest fight of the year
Tickets for the November showdown between Joe Calzaghe and Roy Jones Jr. -- a matchup that easily could have rivaled De La Hoya-Pacquiao five years ago -- have been selling well for Madison Square Garden. The cheapest tickets, at $150, are already sold out and while the remaining tickets range from $250 to $1,500, they are selling well. "Tickets are selling briskly," said a source close to the Jones-Calzaghe promotion. "The fight is pacing better than Jones-Trinidad and Klitschko-Ibragimov did at this point. International sales are doing pretty well. To say the economy is having an effect, well, I can't really say that." Still, the economy is hitting the fan -- if not the elite fighter -- the hardest. "I definitely feel that it takes money to be a boxing fan these days and it's probably the most expensive sport to be a fan of," said Emmanuel Verivakis, a 28-year-old from Astoria, N.Y. "Pay-per-views have practically split boxing's fan base in half with one half being 'haves' and the other being the 'have-nots.' All the premium fights cost upwards of $50 to view and with around one good pay-per-view per month that a loyal boxing fan has to follow, it can become quite an expensive habit." "If a championship fight was $50 and I was excited about the event I probably would be OK with paying the $50," said Rudy Havelka, 40, from Boca Raton, Fla. "But I have to tell you, I am sick and tired of paying so much to watch professionals make millions when it is our affection that is driving the revenues. And I think seats to a live event should have an affordable cap for fans. There are so many more revenue streams for the athlete -- television rights, advertising -- that I think they can put a cap on some of the seating."
AP Photo/Bebeto MatthewsTough times be damned! Golden Boy CEO Richard Schaefer is confident Oscar De La Hoya's fans will turn out for his fight with Manny Pacquiao in December, despite the harsh economic climate.
Sports and the economyIf the troubled economy isn't already touching your favorite sport, it will soon. ESPN.com takes a comprehensive look at the future financial state of our games. And for more, watch archived video of "Outside the Lines" for a discussion of today's economy and how it will directly affect the business of sports franchises and sports fans across the country. • Joyce: Worst is yet to come for sports
• Tennis: Uncertainty amid market volatility
• Bodo: Tennis players underpaid?
• Golf: PGA Tour keeping close tabs
• Boxing: Boxing economy on the ropes
• Community: Share your story
• Chat wrap with Gare Joyce
The modest pay-per-view fee will probably run more than $50. But Schaefer has come up with some creative ways to alleviate the financial burden. Two of the sponsors for the De La Hoya-Pacquiao fight -- Tecate beer and Cazadores tequila -- are offering rebates that could knock $30 off the fan's pay-per-view bill. "I think anyone who puts together a pay-per-view event in these times would be ignorant not to worry about the economy," said Schaefer. "That's why we looked into the rebates." Boxing is a sport that evokes great passion from its fans. Perhaps it is the mano a mano nature that draws fans in and builds the foundation of loyalty they display to the fighters and the game itself. Even in hard times, there are fights some fans simply could not bear to miss. For Verivakis it would be Floyd Mayweather Jr. against Antonio Margarito. For Vagnuolo, it would be Kelly Pavlik against Bernard Hopkins or Mayweather against Pacquiao. But ask them to forsake a high-level event and go to a club show and most balked at the idea. In times like these, the middle class is often hit the hardest and the same holds true in boxing. The small promoter is feeling the squeeze, too. Bob Duffy, who promotes about five shows per year in New York City, Long Island and New Jersey, believes most fans don't realize what goes into promoting a local club show. But without club shows, which feed and develop fighters, pay-per-view cards wouldn't exist. "There are so many expenses," said Duffy. "Aside from paying the fighters and the site fee, you have to pay referees, judges, ring announcers, security for your venue, two ambulances, three doctors. You have to rent a ring and pay someone to set it up." In the end, it runs Duffy about $55,000 to put on a show. He has often said he's not in the game to get rich, but he continually runs shows because the boxing bug bit him years ago. Last week, on Long Island, he ran a dinner show and took $15 off the price of the top tickets just to make the event more affordable for his fan base. The fans responded. He sold just over 1,000 tickets, which was close to a sellout. "I had the right formula," he said. "You have to use local fighters. We had Tommy Rainone and Chris Algeri; they are ticket sellers on Long Island. You have to have a local flavor to your card or you'll fail." In an attempt to make the club show more feasible to promote, some states are offering pro-am events, which mix amateur and pro fights on the same card. In that scenario, only half the fighters on the card get paid and the other half -- the amateurs -- get better experience and exposure. The pro-am card is still illegal in New York, but Duffy is hoping to argue the benefits before the New York State Athletic Commission soon.
AP Photo/Aaron FavilaThe more, the merrier! Richard Schaefer encourages Manny Pacquiao's fans to get together on fight night.
"Right now, New York State requires the promoter to guarantee 30 scheduled rounds of boxing," he said. "But if three of those fights were amateur fights, at, say, three rounds each, that's nine rounds I don't have to pay for. Having pro-am cards would help the promoter and it would help the consumer because there would be a larger pool to draw fights from, fights that could be more competitive." Gonzalez, the maintenance worker, has been to only one live card, and it was years ago -- longer than he cares to remember. Gonzalez went to the Garden to see former featherweight champion Juan LaPorte fight. A native of Puerto Rico, Gonzalez had to see LaPorte in action. But times change and when his countryman Felix Trinidad and Miguel Cotto were selling out boxing's mecca, Gonzalez couldn't attend. "I used to walk over to Gleason's Gym from my apartment and pay $2 to watch fighters train," he said. "Now, I don't even do that much anymore." It doesn't mean he loves the sport -- or his heroes -- any less. It just means, like many Americans right now, he is having a hard time finding ways to do more with less. Robert Cassidy is a contributor to ESPN.com.
Marty Rosengarten/Ringsidephotos.comAdding local talent like Tommy Rainone, right, to a fight card has worked well for New York promoter Bob Duffy.
ESPN TOP HEADLINES
- Sources: Clippers, Celtics talk trade again
- Lawsuit alleged Hernandez shot man in Feb.
- Bosh to Heat fans: Watch the game at home
- Sources: Clips' meeting with Scott goes well