Olympic boxing will no longer be an amateur event

(K. Brent Tomer),

AN AVERAGE adult will need around four minutes to read this article. That’s the same amount of time it takes Floyd Mayweather to earn $12m, according to estimates for the American boxer’s payout after beating Filipino welterweight Manny Pacquiao by unanimous decision last year. A $250m purse split two ways is not bad compensation for 36 minutes of work, and the takings meant that the two fighters occupied the top spots on Forbes’ list of the highest-paid athletes in 2015. Mr Mayweather’s nickname, “Money”, is well deserved: his earnings last year were twice as much as those of footballers Lionel Messi and Cristiano Ronaldo combined, and his pay for every second he spent in the ring with Mr Pacquiao was more than the median American household earns in a year ($54,462).

Big purses are not a new phenomenon in boxing. Muhammad Ali, the great American heavyweight fighter who died on June 3rd,…Continue reading

via K. Brent Tomer CFTC Olympic boxing will no longer be an amateur event

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