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Mayweather Productions CEO: Mayweather-McGregor boxing match won't happen

The CEO of Mayweather Promotions says that a fight between UFC champion Conor McGregor and retired boxing world champion Floyd Mayweather will never happen.

McGregor was issued a boxing license in California this week after giving up his featherweight title after winning the lightweight title this month.

McGregor has said he wants at least $100 million for a potential bout with Mayweather.

Mayweather Promotions CEO Leonard Ellerbe said that a matchup between Mayweather and McGregor will never happen and that McGregor getting a boxing license is a "game" and a "calculated effort to gain more fans.