Floyd Mayweather and Conor McGregor offered Sh5 billion by UFC chief Dana White for boxing match

UFC president is prepared to pay Sh2.5 billion each to Floyd Mayweather and Conor McGregor to stage their proposed mega fight.

Both Mayweather and McGregor have touted the possibility of a blockbuster clash of boxing and MMA's most recognisable faces.

However, while Mayweather is retired from in-ring activities, McGregor is still under an exclusive contract with the UFC.

But White has not ruled out the possibility of the fight - which is expected to be under boxing rules and regulations - happening in the near future.

He says that an agreement could be reached if the parties sat down and discussed pay-per-view splits.

"I'll tell you what Floyd, here's a real offer," White told Fox Sports One.

"I'm the only guy that can actually make the offer and I'm actually making a real offer.

"We'll pay you Sh2.5 billion, we'll pay Conor Sh2.5 billion and then we'll talk about pay-per-view at a certain number. There's a real offer."

While the payday would be the most lucrative in McGregor's fighting career, Mayweather might take a little more convincing.

He pocketed Sh10 billion for his showdown with Manny Pacquiao in May 2015, in a fight that was billed as the richest of all-time. He also took home a further Sh3.2 billion for his final professional fight, a victory over Andre Berto later that year, and believes that he is a bigger draw than McGregor.

But White added: “To think that you’re the ‘A’ side? How are you the ‘A’ side? The last major fight that you were in, you left such a bad taste in everybody’s mouth, nobody wants to see you again,

“His last fight did 350,000 pay-per-view buys. Conor’s last (two fights), Conor did 1.3m and 1.5m buys, so I don’t understand you think you’re the ‘A’ side. There’s a reason you want this Conor fight so bad, because you know that’s your money fight.

“If they’re going to box, Floyd looks at this thing like an easy boxing match for him, but Conor McGregor is his money fight.”