Courtesy of Forbes.com
Floyd Mayweather signed a blockbuster six-fight deal with Showtime Networks in February that is expected to be worth more than $200 million if Mayweather fights all six bouts. The agreement sent shock waves through the boxing world, as Mayweather became boxing’s pound-for-pound king and highest-paid athlete in the world fighting for 14 years exclusively on HBO and HBO PPV. His nine pay-per-view fights on HBO PPV events generated 9.6 million buys and $543 million in television revenue, according to the network.
The fallout from the decision was felt yesterday when HBO announced that it would no longer buy fights from Golden Boy Promotions, which is the largest promoter in the U.S. Golden Boy has promoted Mayweather’s recent fights in conjunction with Mayweather Promotions.