Bob Arum Isn’t Sure If Terence Crawford Vs. Errol Spence Jr. Can Happen
Top Rank promoter Bob Arum has spoken out about the Terence Crawford (38-0, 29 KOs) vs. Errol Spence Jr. (28-0, 22 KOs) fight, saying he does not think it can take place this year due to purse requirements.
Many people would need to pay for the $80 pay-per-view which is required to cover the “freight.” Arum shared that piracy would hurt PPV buys because of it being more expensive then illegally streaming the fight.
Arum proposed lowering the price of PPV from $80 to $20, although he was unsure that would work. If the PPV buys were to not increase, there would be less money to cover the cost of purses.
Spence and Crawford will want guaranteed purses instead of relying. On pay-per-view. Relying on PPV brings forth the risk of the two failing to promote the fight successfully.
Arum expressed his concerns to Fighthype.
“It has tremendous interest from people who follow boxing, but that doesn’t necessarily translate into revenue from pay-per-view, which is the biggest source because of the piracy,” said Bob Arum.
“PBC has to look at it and say, ‘Hey, we’ll put it on, we’ll give you nice guarantees, but you’ve got to really live from the upside.
“Unless somebody wants to subsidize that fight, I don’t know how it gets done,” said Arum.
“If we drop the cost of the pay-per-view down to 20 or 25 dollars, which is what we started with on pay-per-view. Would people then forgo pirating the signal and pay the money to watch the fight legitimately?”
Arum, who used to manage Crawford, has argued in the past the Crawford has the talent, but — for some reason — is unable to be a big pay-per-view draw.
Crawford’s title defense against Shawn Porter in November 2021 reached 135,000 pay-per-view buys. The event was priced at $69.99.