At long last, Floyd Mayweather and Conor McGregor have finalised a deal for a boxing-only, mega-fight, according to Yahoo’s Kevin Iole.
According to Iole, terms are not yet known, but the fight is set to take place at the MGM Grand Garden or T-Mobile Arena in Las Vegas on August 26.
Mayweather confirmed the fight on Wednesday on Twitter.
Rumours and reports of a fight have been floating for almost a year, with both fighters openly acknowledging a potential bout. However, a deal was held up over money and several logistical issues, including McGregor’s contract with UFC.
In recent months, however, the two sides appeared to get closer to a deal, with UFC president Dana White even getting involved in the negotiations. In May, White said that the two agreed to a fight, and they were waiting to finalise the terms.
While terms are still unknown, it’s been reported that Mayweather would get the larger purse, potentially as high as $US100 million, according to White, likely the motivation in luring him out of retirement and risking his perfect 49-0 career record. White also said he thinks McGregor could get as much as $US75 million.
It remains a huge question mark how McGregor, a trained mixed fighter, would fair in a boxing match, but it’s clear that he’s pursued ths fight for a while.
While most boxing fans and experts feel it’s a long shot for this to be a competitive bout, it will undoubtedly be one of the most hyped sporting events of the year.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.