State of the art stadium hired for Haye versus Klitschko

The highly anticipated fight between IBF and WBO world heavyweight champion Wladimir Klitschko and British boxer David Haye will be held at Schalke 04's 61,000-seater Veltins-Arena.

The highly anticipated fight between IBF and WBO world heavyweight champion Wladimir Klitschko and British boxer David Haye will be held at Schalke 04's 61,000-seater Veltins-Arena.

The fight and venue have been agreed after four months of negotiations between the two parties involved, and will see Schalke earn US$500,000 in rent for the stadium. While that represents a bonus for the German soccer club given the stadium would otherwise be unused that night, it is just a small fraction of the ticket sales the promoters will make.

Schalke will, in addition, make large amounts from the stadium's 15 restaurants, 50 burger bars and 35 cafes, as well as in alcohol sales - the Veltins-Arena is connected to a five kilometre pipeline, which supplies it with 52,000 litres of beer on an average matchday.

Haye, who gave up his undisputed cruiserweight world championships to step up to heavyweight, won his first heavyweight fight at The O2 Arena in London in November when he knocked out Monte Barrett. Klitschko, who won gold at the 1996 Olympics, won his first professional world heavyweight title in October 2000, when he beat American Chris Byrd to claim the WBO crown.

"We have reached an agreement with Schalke 04 and the stadium," said Klitschko's manager Bernd Boente. The state-of-the-art stadium has a capacity of just over 61,000 spectators - though that will be extended by on-pitch seating for the fight - and has a retractable roof.