4 ms·

> Sure this level of performance is amazing, it's just not valuable. I say the same thing about every sport, but the companies behind them all keep raking in m

• notahacker 10y ago
  According to the article the IOC gets $1.375bn per year in revenues, before costs, and will see about 10,200 athletes competing in the next Olympics Floyd Mayweather made a quarter of that by himself last year... after everyone else including his opponents, the venues, the promoters and the administrators had taken their cut. Floyd Mayweather didn't make all this money because boxing doesn't have its share of pimps. He made it because his performance is hugely more valuable (and more effectively commercially exploited[1]) than any individual Olympic sport, including the Olympic boxing he used to participate in. [1]not entirely the IOC's fault: I can't see pay-per-view Olympics working out profitably for Usain Bolt, never mind the participants in the sailing or archery heats
  • mhurron 10y ago
    So boxing has a better pimp than the Olympics. The IOC also puts on an event every two years. Boxers box a little more frequently.
    • notahacker 10y ago
      The purse for the Mayweather - Pacquiao fight was $230 million. That's one fight. I assume you're not seriously suggesting the main reason individual Olympic events don't realise anywhere close to that much revenue is more down to the quality of the promoters than the commercial appeal of the individual event.