Manny Pacquiao, right, lands a left cross to the chest of Jessie Vargas during their welterweight title fight in November/Photo by Gene Blevins

Top Rank Inc. on Monday formally announced the welterweight title fight between champion Manny Pacquiao and Jeff Horn. They will tangle July 1 at Suncorp Stadium in Horn’s native Australia. (It will be July 2 in Australia, which is 17 hours ahead of California).

According to a news release, promoters are expecting a crowd of 55,000. Details on how it will distributed on television are forthcoming.

Pacquiao (59-6-2, 38 KOs) most recently fought Nov. 5, when he took Jessie Vargas’ title via unanimous decision at Thomas & Mack Center in Las Vegas.

Horn (16-0-1, 11 KOs) is the No. 2 contender to Pacquiao’s title, but he has not fought anyone of note. He did stop former champion Randall Bailey after seven rounds a year ago this month, but Bailey was 41 at the time. At 29, Horn is nine years Pacquiao’s junior. His 17 bouts have been in either Australia or New Zealand.

Suffice to say, Horn will be getting most of the fan support, being the bout will be in his backyard.

“Manny knows who will be the crowd favorite on July 1, but he can’t wait to give Australia and the world a great performance,” Pacquiao’s promoter, Bob Arum, said. “It’s going to be unbelievable event.”