Top Rank's CEO Bob Arum still believes Floyd Mayweather Jr. vs. Manny Pacquiao is the big reason for boxing's decline in the pay-per-view market. Mayweather-Pacquiao was the most financially successful event in boxing history. It generated over 4.6 million pay-per-view purchases - demolishing the previous record of 2.4 million held by Mayweather's fight with Oscar De La Hoya in 2007.
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