Don’t be confused by the headline. Money Mayweather is not buying a boxing gym, boxing promotion company, or a fight venue. He is buying boxing itself. It may sound crazy, but Mayweather is super rich, and boxing has virtually no value at this point. It is like a billionaire investor buying penny stocks. Most likely the stocks will not pay off since it is so high risk. But when they do, it is a windfall of cash.
Mayweather is one of only a few boxers who has been able to remain financially sound. Most fighters end up broke and very desperate. They usually try to sue Don King when they realize how bad their finances are at the end of their careers. That desperation move rarely pays off and the boxers stay poor. Floyd Mayweather has been smart enough to be the promoter of his own fights, instead of letting people like Don King get all that money.
The idea to buy boxing as an entity, came to Floyd as he was watching a documentary on the UFC. He could not believe how sound the business model of the UFC was, compared to his sport. Todd Dale, a spokesman for Mayweather told us, “Money May knows it is a matter of time before boxing is completely destroyed by the various sanctioning bodies, corrupt judges, and greedy promoters. Once he buys the sport, he will get rid of all that junk. He has the power to do it too…you know he keeps a private jet!”
Mayweather has said in past interviews how much he admires and respects UFC president Dana White. He apparently plans to run boxing in a similar fashion as White. “There will be actual quality fights, just like in the UFC, once Floyd owns boxing outright. No more pathetic match ups that cost $60 to watch on PPV. Of course this plan will take effect after Money May is no longer an active fighter. We can’t have him caught up in a quality fight. Who knows how that would go,” stated Dale.
In a related story, there is also a rumor going around that Mayweather will buy the old Evander Holyfield mansion in Atlanta. A rapper recently bought the 109 room obscenity, but it looks like the future owner of boxing is going to make him an offer he can’t refuse. It is thought that the mansion will be used as a storage building for Mayweather. One man’s unaffordable estate is another man’s storage locker. The difference is likely the 52 children by 44 women in one of the fighter’s case.