After months, if not years of speculation, a date has been set for one of boxing's biggest ever showdowns.

The undefeated Floyd Mayweather has confirmed he will meet Manny Pacquiao in a welterweight contest in Las Vegas on Saturday May 2nd.

It is expected the fight could break every financial record in the history of boxing, with Pacquiao expected to earn around $80M - with the man they call "Money Mayweather" taking $120M or more.

I am very happy that Floyd Mayweather and I can give the fans the fight they have wanted for so many years.

— Manny Pacquiao (@MannyPacquiao) February 21, 2015