Maloof brothers place 880K dollar bet on Floyd Mayweather Jr

Sacramento Kings owners Gavin Maloof, left, and Joe Maloff talk with the fans about their tentative agreement with the city of Sacramento to build a new arena during a timeout the first half of an NBA basketball game against the Utah Jazz in Sacramento, Calif., Tuesday, Feb. 28, 2012. (AP Photo/Steve Yeater)
AP Photo/Steve Yeater

The August 26 fight between Floyd Mayweather Jr. and Conor McGregor has grabbed a substantial amount of attention in its buildup, thanks to a four-city press tour and the other promotions that come with a major fight. Mayweather, 49-0 in his career as a boxer, is the prohibitive favorite as this will be McGregor’s first-ever boxing match after spending years on the UFC circuit. With that in mind, brothers Gavin and Joe Maloof are looking to cash in, with their winnings being given to charity.

According to the Associated Press the Maloofs, whose family owned the Sacramento Kings from 1998 to 2013, have placed an $880,000 bet on Mayweather to win the fight. Given the boxer’s status as a heavy favorite the return won’t be all that hefty, as the Maloofs stand to make a $160,000 profit. The bet was placed at South Point, with the sports book issuing two $440,000 tickets given the size of the wager.

Gavin Maloof has been a neighbor of Mayweather’s for quite some time, he sounded pretty sure that the champion boxer would take care of business on August 26.

“Floyd is the greatest counterpuncher that probably ever lived,” Gavin Maloof told the Associated Press. “I know Conor is a great puncher, and I’m not taking anything away from the UFC. Conor is probably going to be the aggressor. Floyd will wait until he punches. You have a guy switching sports, and that’s not easy, and then you’re taking on the greatest boxer of all time. Now on the reverse side, you have Conor who’s much younger, and maybe that will affect Floyd. It’s a good fight.”

Should Mayweather win, the Maloofs would distribute the funds to charities on behalf of Never Too Hungover, which is the family’s anti-hangover product.

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