A big fight for Mayweather and some big numbers

September 12, 2013 - 4:35 PM
Mayweather Alvarez Boxing

Boxers Floyd Mayweather, left, and Canelo Alvarez pose during a press conference in Las Vegas, Wednesday, Sept. 11, 2013. The pair are scheduled to fight on Saturday for Mayweather's WBA Super World and Alvarez's WBC junior middleweight titles. (AP Photo/Las Vegas Review-Journal, John Locher) LOCAL TV OUT; LOCAL INTERNET OUT; LAS VEGAS SUN OUT

LAS VEGAS (AP) — If Richard Schaefer looked a bit nervous standing near his fighters on a massive stage this week at the MGM Grand, he had good reason.

In a city of high rollers, on one of the biggest betting days of the year, the head of Golden Boy Promotions is taking the biggest gamble of all. He's got $60 million on the line that Floyd Mayweather Jr. and Canelo Alvarez will not only deliver a great fight, but deliver at the box office, too.

He's betting the 152-pound matchup between two unbeaten fighters will be a blockbuster, perhaps the richest fight ever. And right now, there are not a lot of wise guys in this gambling city who would bet against him.