Floyd Mayweather vs Manny Pacquiao: £160m Las Vegas superfight CONFIRMED for May 2

Floyd Mayweather has confirmed he will take on Manny Pacquiao in Las Vegas in early May.

An agreement has been reached for Pretty Boy Mayweather to take on Pacquiao at the MGM Grand in Vegas on May 2.

The pair are set to earn in the region of $250m (£160m) between them for the fight.

The bout will be the most highly anticipated boxing match since Mike Tyson and Lennox Lewis faced off in Memphis in 2002.

Contracts have been signed and we are finally going to get Mayweather vs Pacquiao! #MayweatherPacquaio
— Jason Leach (@JasonKLeach) February 20, 2015

Ringside tickets are expected to go on sale for a staggering $5,000 apiece, while the cost of watching the fight on PPV in America could reach $100.

Sky Sports, BT Sport and BoxNation are expected to undergo a bidding war for the right to broadcast the clash in the UK.

Mayweather confirmed the date of the fight via social media, writing: "What the world has been waiting for has arrived. Mayweather vs Pacquiao on May 2, 2015, is a done deal.

"I promised the fans we would get this done, and we did. We will make history on May 2nd. Don't miss it!"