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One thing was clear about the 'Battle of the Planets' at the Thomas and Mack Center; most folks on earth, simply had no interest in paying for those exorbitantly priced tickets for Calzahge-Hopkins.
"The venue was scaled at like $16 million, with top prices at $1,500. So I think that that was over-priced, but in the end, the gate was still one of the largest gates for a non-heavyweight or non-Oscar gate in the history of Las Vegas," explained Schaefer. "I don't have the actual numbers, but the chairman / CEO of Planet Hollywood (Robert Earl) told me it was close to $8 million."
Multiple sources say that the arena was 'papered', with many tickets simply given away or discounted.
"It didn't move the way we thought. We thought it would move, but then again, Ricky Hatton brought about 35,000 Brits with him and Joe brought about 5,000," Schaefer would concede.
Schaefer refutes the reports of Golden Boy giving back a portion of their site fee to Planet Hollywood.
"That's actually not true, I don't know who reported that. Nobody gave any money back," insisted the Swiss banker. "Whoever said that, that's not correct or was not well-informed. In fact, somewhere I read that the site guarantee was 11 or 13 million, that's all baloney. All that's not true, it was well below 10 (million). And so if you take into consideration that the gate was about 8 (million), Planet Hollywood, if you look at the type of exposure they got due to the fact this was the highest rated HBO show in recent
history, they got a lot of exposure."
The Countdown is on for Forbes
"The venue was scaled at like $16 million, with top prices at $1,500. So I think that that was over-priced, but in the end, the gate was still one of the largest gates for a non-heavyweight or non-Oscar gate in the history of Las Vegas," explained Schaefer. "I don't have the actual numbers, but the chairman / CEO of Planet Hollywood (Robert Earl) told me it was close to $8 million."
Multiple sources say that the arena was 'papered', with many tickets simply given away or discounted.
"It didn't move the way we thought. We thought it would move, but then again, Ricky Hatton brought about 35,000 Brits with him and Joe brought about 5,000," Schaefer would concede.
Schaefer refutes the reports of Golden Boy giving back a portion of their site fee to Planet Hollywood.
"That's actually not true, I don't know who reported that. Nobody gave any money back," insisted the Swiss banker. "Whoever said that, that's not correct or was not well-informed. In fact, somewhere I read that the site guarantee was 11 or 13 million, that's all baloney. All that's not true, it was well below 10 (million). And so if you take into consideration that the gate was about 8 (million), Planet Hollywood, if you look at the type of exposure they got due to the fact this was the highest rated HBO show in recent
history, they got a lot of exposure."
The Countdown is on for Forbes