MGM Offers Refunds on Canelo GGG Tickets Based on Uncertainty of Commission Decision
Word broke on Wednesday that MGM Resorts will be offering full refunds for tickets that have already been purchased for the May 5th Canelo Alvarez – Gennady Golovkin rematch, which is still scheduled to go down at the T-Mobile Arena in Las Vegas. “In the event a fan requested a refund, they could get one at the original point of sale and in full,” Gilbert Manzano, of the respected Las Vegas Review-Journal, quotes an MGM rep as stating. MGM’s decision is yet another ominous sign as the much anticipated Canelo-GGG fight remains effectively up in the air.
The mega bout was put on hold for all intents and purposes after the Nevada State Athletic Commission ruled last week that Canelo (49-1-2) is temporarily suspended. In early March, the Voluntary Anti-Doping Association informed team Canelo that it’s fighter had shown traces of the banned substance Clenbuterol in his system on two distinct occasions (2/17 and 2/20, respectively). Canelo has reportedly tested clean since that time, but the Commission suspended the middleweight until at least April 10th, when a hearing will be held. Canelo’s team has blamed the incident on Canelo consuming tainted meat, an assertion which has been met with considerable criticism.
While Mexican beef is known to contain Clenbuterol, the Commission may not be under any obligation to find the tainted meat excuse acceptable. And, should the Commission find team Canelo’s defense lacking, the bout with Golovkin (37-0-1) might well be cancelled, or at least pushed back for some time, as Canelo’s suspension could be extended. While there are many who believe the fight will go on as scheduled due to the Commission having a reputation (fair or not) for giving Canelo preferential treatment, and of putting money before all else, some well-known individuals in and out of the fight game aren’t so sure.
As things stand, HBO, which is broadcasting the bout, via pay per view, is currently behaving as if the fight isn’t even happening. What’s more, Golovkin’s own harsh words on the matter have put the Commission in a bit of a corner. Declaring that Canelo had previously cheated and that the Commission were essentially “terrorists,” the middleweight titlist effectively sided with those whose opinion is the Commission is corrupt and is hurting the sport of boxing. Such actions from Golovkin put pressure on the Commission to prove its fairness.
And now there’s the matter of tickets being refunded. While no one knows whether or not the May 5th match will go on as planned, the road has become far rockier than anyone could have reasonably expected it to.
Did Robots Bid for Floyd Mayweather-Manny Pacquiao Tickets?
By Ivan G. Goldman
Selling tickets to the May 2 super-fight at the official price was like throwing currency out the window of a moving vehicle. They were worth at least five times their stated value a split second after changing hands.
But in what amounted to a public relations gimmick, the Las Vegas MGM Grand offered up about 500 of them today, according to the Associated Press count, and they were gobbled up, by some accounts, in less than 20 seconds at prices ranging from $1,500 to $7,500.
As it turned out, the toughest negotiations between the Manny Pacquiao and Floyd Mayweather camps centered on the distribution of those tickets. Not only are seats worth several fortunes, but there’s a magic to them that transcends their monetary value. Everyone wants to be seen with the celebrities who will be sprinkled around the arena, including their fellow-celebrities.
The ticket quarrel was finally settled by intermediary Les Moonves, the CBS chairman, whose intercession was also necessary to make the fight happen. With both sides finally satisfied Wednesday night, the casino was free to release some tickets.
Those trusting souls who thought they could get lucky and jump into the right place in the cyberspace line were almost certainly bidding against users of a mysterious computer science involving mathematical algorithms, whatever they are.
It’s related to the same techno-process now employed by options traders who spend millions and millions of dollars putting together programs that can purchase or sell financial derivatives in tiny slivers of milliseconds so they can take advantage of new data long before puny human brains can act.
According to Slate, these automated actions exercised by bots can even be triggered by tweets. In the case of Mayweather-Pacquiao, bots could be trained like cyberspace spaniels to watch the MGM Grand Internet site for any twitches of movement.
Apparently most of the 16,800 seats in the arena were allocated to the two camps, and you can bet most of those are already or soon will be on the secondary market. Because after all, you can’t expect the two fight teams to be satisfied with the miserable hundreds of millions of dollars in purse totals (weighted 60-40 in Mayweather’s favor).
Just about everything you read about this ticket flap is no more than a rumor because no one on the inside talks about it on the record, and when they do they talk around it in a kind of code. It may be easier to get top secret information on the placement of nuclear missiles.
The fighters’ camps apparently suspect they might be accused of greed so they figure the less we know about details the better.
Anyway, I’ve actually inspected the worst seats in the MGM Grand Arena and whatever you do, don’t waste your money. The fighters look like mice from up there and many of the seats have no line of sight to the giant monitors. If you actually care about the fight itself, and not just the spectacle surrounding it, you’re much better off curling up with a brew and watching on a nice high-def screen for a miserable $100.
New York Times best-selling author Ivan G. Goldman’s Sick Justice: Inside the American Gulag was released in 2013 by Potomac Books. Watch for The Debtor Class: A Novel from Permanent Press in spring, 2015. More information here.