It's on! Mayweather vs. McGregor this summer in Las Vegas

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McGregor is set to move up the ladder after Wednesday's announcement that he will face Floyd Mayweather in a boxing match August 26 at the T-Mobile Arena in Las Vegas.

Rumors have circulated for nearly a year about a super fight between the two powerhouses of fighting, however, even UFC President Dana White expressed some doubt as to if the two sides would be able to reach a compromise that would enable them to actually step into the reach.

White said the key to finalizing the fight was luring Mayweather out of retirement.

"If the (Mayweather vs McGregor fight) happens, me against Joshua would be a great fight", Miocic said on The MMA Hour back in May. The MMA-boxing crossover fight will take place on August 26th at the T-Mobile Arena in Las Vegas under boxing regulations.

When Mayweather, 40, defeated Filipino Manny Pacquiao on points in May 2015, the fight set a new American pay-per-view record of 4.6 million buys.

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It added that the ministry also asked the worldwide community to "seriously reconsider" NY as a venue for major global events. A foreign ministry spokesperson speaking through KCNA called the US a "felonious and lawless gangster state".

Mayweather announced the fight on his Instagram account with a graphic saying "IT'S OFFICIAL!" showing pictures of both fighters and listing Las Vegas as the location while McGregor sent out an earlier tweet stating "THE FIGHT IS ON". From Conor's standpoint, I like the fact that the fight is at 154 pounds, which is right in his wheelhouse. McGregor's biggest pay-per-view draw to date drew 1.6 million. A portion of the money I spend goes directly into the pocket of the fighters.

Not every UFC fan will pony up to see him challenge boxing's biggest mouth, but plenty will. Many think he'll earn roughly the same amount for this McGregor fight.

With heavy cash like that, can you blame Mayweather and McGregor for going so hard to make this a reality?

"They went smoothly. Floyd Mayweather surrounds himself with smart people and we got the deal done. Fights like this will only help the sport grow", said Holm. It wasn't until McGregor won the UFC lightweight belt last November, however, that the fantasy started to become a reality. "This is the best MMA fighter going against the best boxer in a boxing match, so people are looking at that issue as something that was heightened". In May, White said that the two agreed to a fight, and they were waiting to finalize the terms.

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