Last updated on April 26, 2015
As they say, the fight is on, and this time, it actually is.
Manny Pacquiao will meet Floyd Mayweather in the ring on May 2 in Las Vegas.
The long anticipated announcement was made by Mayweather himself on Friday after months of negotiations.
The fight matches two of the largest boxing attractions in recent years and has been in the making for five years, but has finally come together with both fighters setting aside personal differences over varying issues – including television rights and drug testing – to reach the new agreement.
“What the world has been waiting for has arrived. Mayweather vs. Pacquiao on May 2, 2015, is a done deal.
“I promised the fans we would get this done and we did,” Mayweather announced.
The welterweight showdown is expected to be boxing’s richest fight ever with anticipated earnings of $120 million for Mayweather and $80 million for Pacquiao, the 60-40 split agreed upon as part of the terms.
Many boxing analysts believe that both boxers have lost some of their skills but that Pacquiao still has tremendous quickness in his hands and Mayweather is still a master defensive fighter.
“It is an honor to be part of this historic event,” said 38-year-old Pacquiao. “I dedicate this fight to all the fans who willed this fight to happen and, as always, to bring glory to the Philippines and my fellow Filipinos around the world.”
Pacquiao trainer, Freddie Roach, predicted a big win for his fighter, saying, “Floyd should enjoy being the A-Side while he can because on May 2 Manny is going to put him on his backside.”
Mayweather remains unbeaten in 47 fights. Odds are already rumbling about a Mayweather 2.5 to 1 favorite.
As part of the agreement, Mayweather insisted on having the right to announce the fight. Thee fight is expected to draw tens of million in wagers. The bout will take place at MGM Grand in Las Vegas on May 2.