It's On! Mayweather vs McGregor £500m Megafight Set for August

The biggest and the much-awaited boxing clash between Floyd Mayweather Jr and Conor McGregor has been confirmed and signed for August 26 in Las Vegas and the news has been confirmed by both the fighters on social media. McGregor went first with a Tweet.

The fight will be a boxing match at 154 pounds and the fighters will wear 10-ounce gloves.

McGregor is the top pay-per-view draw in UFC while Mayweather had been the moneyspinner in some of boxing's biggest bouts, including matchups with Filipino legend Manny Pacquiao and United States star Oscar De La Hoya. Dana White told ESPN that everyone involved with the fight is "very happy" with the deal. The one thing I care about, that when people walk away from spending money on a night, you walk away satisfied.

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The fight will last for 12 rounds of 3 minutes, each contested under traditional boxing rules. At 28, he has a lot less wear and tear on his body than the 40-year-old Mayweather, who has been retired for nearly two years.

Floyd Mayweather Jr has confirmed his hotly-anticipated fight with Conor McGregor will take place on August 26. Sports reported earlier today that the betting line for the fight has opened with Mayweather a -1000 favorite and McGregor a +650 underdog.

Mayweather has been retired since September 2015 and holds a career record of 49-0.

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"Realistically if we were just putting up a number and didn't have to take bets on it, Floyd would be 100-1", said Nick Bogdanovich, oddsmaker for the William Hill chain. Which at this stage it is looking like it could make the fight one of the richest boxing events in history.

UFC star Conor McGregor.

"But the reason Conor McGregor's as big as he is is he'll fight anybody, anywhere, anytime". The common consensus is that the defensively imperious Mayweather ought to come out on top, but seeing as the Irish fighter literally lacks fear, his first-ever boxing match will be an interesting watch. But both fighters know their roles, and they will play them well.

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