Good morning, it’s Wednesday, July 8, you can expect weather just hot enough to debate whether it’s worth turning on the A/C.
1. Manny Pacquiao has bought his longtime rival Floyd Mayweather Jr.’s shuttered gym.
The May 2015 fight between Floyd Mayweather Jr. and Manny Pacquiao was one of the most anticipated, and most disappointing, in boxing history. Both boxers were in their late 30s and well past their prime, and Pacquiao was secretly nursing a serious shoulder injury. The bout, which ended in a unanimous decision for Mayweather, was described by sportswriters as “awful” with “no action.”
It was also one of the most lucrative. The fight generated over $600 million in gross revenue, so a rematch was set for this coming September at the Sphere in Las Vegas with live streaming on Netflix. No one involved seemed alarmed that the boxers involved would have a combined age of 96.
Then, two weeks ago, the fight was postponed, and now appears indefinitely tied up in legal issues. (Mayweather’s team is alleged to have committed the rights to multiple promoters.)
But even if it never happens, the prospect has sparked a real estate transaction that has transformed a block of Highland Ave in Hollywood — and devastated a small Thai restaurant.
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