Mike Tyson returns to ring at 58, faces Jake Paul in extremely anticipated match at AT&T Stadium
Mike Tyson returns to ring at 58, faces Jake Paul in highly anticipated match at AT&T Stadium
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Jake Paul, a former little one star and social media influencer who began boxing professionally in 2020, slugged it out with former heavyweight champion Mike Tyson on Friday in a matchup that was livestreamed worldwide on Netflix. Paul won the fight by unanimous resolution.
Here is what we know about how a lot Paul and Tyson had been being paid, together with different monetary facets of an occasion that many take into account extra spectacle than sport.
How a lot is Mike Tyson getting paid for the struggle?
Considered one of many biggest boxers of all time, 58-year-old Mike Tyson has an estimated internet price of $10 million, according to Superstar Web Price. That may be a modest sum in contrast with the a whole lot of thousands and thousands of {dollars} “Iron Mike,” as he’s recognized, collected in profession earnings, together with $400 million in struggle purses, in accordance to Forbes. During the last decade, Tyson has additionally fought his approach again after filing for bankruptcy in 2003.
Although promotors didn’t reveal precisely how a lot Tyson earned for Friday’s struggle, reviews from on-line sources, including DraftKings Community, estimate he’ll make round $20 million.
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That is about the identical greenback quantity Tyson earned in his match towards Michael Spinks in 1988, a report purse on the time (price roughly $53 million right now adjusting for inflation). That bout lasted lower than two minutes, with Tyson knocking out the beforehand undefeated Spinks in 91 seconds.
In 1992, Tyson was despatched to jail for six years after being convicted of raping a teenage beauty-pageant contestant. He was launched on parole after three and a half years, returning to boxing in 1995 in a match towards Peter McNeely, who was dispatched by a technical knockout in below 90 seconds.
Tyson would go on to earn $30 million for every of his subsequent 4 matches, which included an notorious 1997 struggle towards Evander Holyfield through which Tyson bit off a chunk of his opponent’s proper ear. Tyson was disqualified from the struggle, had his boxing license revoked and fined $3 million, however was allowed to maintain the purse.
At a information convention on Wednesday, Paul wore a diamond-spiked ear cover, a pointed reference to the incident. However in the case of making gentle of the ear biting, Tyson has beat Paul to the punch, having launched ear-shaped marijuana edibles (with Holyfield’s consent) by means of his firm, Tyson 2.0, a premium hashish model he launched in 2021. The model generated an estimated $150 million in income in 2023, according to Forbes Australia.
Ron Galella, Ltd./Ron Galella Assortment by way of Getty Photos 
How a lot is Jake Paul getting paid for the struggle?
Jake Paul, 27, is ready to earn $40 million, in keeping with an estimate from DraftKings Community and different sources — double what Tyson is anticipated to obtain for the struggle. A easy clarification for which may be that Paul, a prime social influencer with 27 million followers on Instagram alone, can be co-founder of Most Worthwhile Promotions (MVP), the corporate selling the extravaganza in partnership with Netflix. His internet price is estimated at $80 million, according to Superstar Web Price.
With a 10-1 struggle report, principally towards mixed martial artists and other pro-boxing newcomers below his belt, Paul, a former little one star and YouTube prankster who started his boxing profession in 2018, doesn’t lack confidence — or showmanship. His cocky angle earned him his newest nickname “El Gallo de Dorado” or the Golden Rooster, coined by followers in Puerto Rico. Earlier than that, he was known as “The Drawback Little one,” a reasonably self-explanatory moniker primarily based on the net persona he is crafted for himself through the years.
Paul, who went full Gallo at an open training session this week with Tyson on the Toyota Music Manufacturing facility in Irving, Texas, donning a rooster hat and red-feathered skirt over his boxing trunks, epitomizes social media’s melding of Barnumesque leisure and sports activities.
What’s the projected economic impact of the Mike Tyson-Jake Paul fight in North Texas?
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In a TikTok video posted Tuesday, a shirtless Paul, slumped on a sofa sporting a prosthetic stomach to make himself look out of form, locations stacks of cash on his protruding abdomen whereas providing “Mikey, Mikey” a further $5 million if the previous champion can final greater than 4 rounds with him within the ring. If he would not, says Paul within the video, the ageing boxer should get a tattoo that claims “I like Jake Paul.”
“Because of this fashionable boxing is a joke,”commented one consumer on Reddit in response to the video. “Folks get extra enthusiastic about freak present fights than precise boxing matches.”
As reported by USA Right now, “Tyson and his camp haven’t publicly responded to the supply.”
How a lot is the purse for the Jake Paul vs. Mike Tyson struggle?
The undisclosed purse is estimated by some to be as excessive as $80 million.
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How a lot do tickets to the Tyson vs. Paul struggle price?
Final-minute tickets can nonetheless be discovered for the Tyson vs. Paul struggle, which can happen Friday at AT&T Stadium in Arlington, Texas. Costs vary from $69 for higher mezzanine seats on StubHub to as a lot as $32,392 for ground seats on Vividseats.
Initially set to happen on July 20, the occasion was later postponed and rescheduled for November 15 after Tyson suffered an ulcer flare-up on a flight from Miami to Los Angeles in Might.
As of early Friday night, gate receipts at AT&T Stadium introduced in $17.8 million in income, CNBC reported. Promotor MVP informed the information outlet it expects greater than 70,000 folks fill the stadium, house to the Dallas Cowboys, which has a seating capability of 80,000.
Who do gamblers assume will win the struggle?
Tyson enters the ring on Friday, practically 20 years since his final skilled struggle, as a +160 underdog, according to the most recent betting odds from DraftKings. Meaning a $100 wager on post-retirement Iron Mike will herald a $160 revenue if he wins. At -200, Paul is the favourite to win. Bettors should place a $200 wager to make a $100 revenue, ought to the social influencer prevail over Tyson.
“There was numerous anticipation for this struggle, and now we have been happy with the betting quantity,” Johnny Avello, director of sports activities operations at DraftKings, informed CBS MoneyWatch. “We count on extra motion to return within the hours main as much as the struggle.”
Though it stays to be seen how a lot will likely be wagered in whole, the occasion is attracting some whale-sized bets of $500,000, in keeping with ESPN.
Gamblers are backing Tyson, in keeping with DraftKings, with 69% of all bets at present on the previous undisputed world champion to emerge victorious. “Whereas Tyson is 58-years outdated now, folks see one of many biggest boxers of all time at a good worth and leap at that chance,” Avello mentioned.
“Whereas it will not match as much as an occasion just like the Tremendous Bowl, it may definitely be our most wager boxing match of the 12 months,” he added.
Not everybody will have the ability to place a wager the epic bout. Although the struggle is sanctioned by Texas Division of Licensing and Regulation, adjustments within the guidelines, together with shorter rounds and bigger gloves, disqualifies the struggle from being wager on in at the least seven U.S. states.
Find out how to watch the Jake Paul vs. Mike Tyson struggle
For many followers, one of the best seats will likely be at house, with Tyson vs. Paul streaming worldwide on Netflix. A normal Netflix subscription plan with advertisements is $6.99 a month. The platform’s broadcast begins at 8 p.m. Japanese time.
As reported by CBS Sports, the struggle marks Netflix’s largest wager thus far on reside sports activities. Netflix, which has 282 million subscribers in over 190 international locations, has lately tested the waters by airing exhibition occasions in golf and tennis.
Anne Marie D. Lee is an editor for CBS MoneyWatch. She writes about matters together with private finance, the office, journey and social media.
