IT’S ON: MAYWEATHER VS. MCGREGOR | August 26th 2017 | VIDEO

he super-fight between Floyd Mayweather and Conor McGregor has moved a step closer following reports that Mayweather Promotions have booked the MGM Grand Garden Arena in Las Vegas for a ‘boxing event’ on August 26.

Mayweather plans to end a 23-month retirement to take on UFC giant McGregor with pound-for-pound king Mayweather the favourite to win a much-anticipated bout.

According to the ESPN, McGregor, the two-division UFC champion, and UFC officials have come to an agreement on how the money generated from the showdown will be divided between both parties.

“There are negotiations ongoing, but none of us wants to turn this into the circus that the Mayweather-[Manny] Pacquiao negotiations were, so I think it’s best if we keep all the business discussions private until the deal is done,” Showtime Sports executive vice president and general manager Stephen Espinoza told ESPN.

September 16 had initially been discussed as one date for Mayweather-McGregor but that slot has now been taken by Canelo Alvarez’s middleweight world championship fight with Gennady Golovkin.

https://youtu.be/9N5KUCXP34w

It is thought that when that deal was agreed for T-Mobile Arena in Las Vegas, that MGM Resorts International would prevent Mayweather-McGregor from agreeing a fight within three weeks of Alvarez-Golovkin so to not to infringe on promotional rights.

August 26 is exactly three weeks before Alvarez will take on Triple G.

The 28-year-old McGregor is still awaiting confirmation of his boxing licence in Nevada, while Mayweather, 40, has not yet applied for his Nevada boxing licence which must also be renewed.

Mayweather, who had initially ended his career with 49 victories, 26 KOS, has not fought since September 2015 when he beat Andre Berto to retain his welterweight title.