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View Full Version : Boxing out of NY and Jersey due to taxes


JustRalph
11-17-2009, 09:21 PM
http://hotair.com/archives/2009/11/17/taxes-knock-out-pacquiao-mayweather-bout-from-ny-nj/

It appears the Tax Man is about to do to Manny Pacquiao and Floyd Mayweather Jr. what Oscar de la Hoya, Ricky Hatton and Miguel Cotto could not.

Namely, knock both of them out.

Out of New York, that is. And New Jersey, too. …

But last night, Arum dropped the hammer on the fight taking place anywhere east of the Mississippi River.

“No chance,” Arum said. “Nothing would please me more than to have it at Yankee Stadium, but the way the tax structure in New York is set up, it’s impossible.”

But that’s not the worst news. The front-runner to host the bout, proposed for early May or June 2010, is – gulp! – Cowboys Stadium, Jerry Jones’ $1 billion-plus, retractable-roof football palace that makes Yankee Stadium look like a sandlot.

Put simply, producers in any industry will locate where their costs become lowest while maintaining their ability to produce. A boxing match can be staged anywhere, as most of the revenue comes from television contracts. However, big sporting events generate a lot of business for the city in which it is staged, which is why cities try so hard to land them (although, as with the Olympics, there are also cost considerations that might make it advisable for cities to take a pass). The more portable the activity, the more likely it is for the business to find the best financial setting, and taxes play a big part in that calculation.

chickenhead
11-18-2009, 01:58 AM
it's too bad boxing has fallen to the wayside and so many people are missing out on Pacquiao. Guy BEATS DOWN a very good welterweight on his way to a title in his record 7th weight class, and then heads over to Mandalay Bay after the fight to meet up with his Phillipino Band to give a concert.