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Arum: Revenue split last hurdle for Pacquiao-de la Hoya
Source : Staff   
Wednesday, 13 August 2008 14:22

The only issue now is how they will split the money.

Top Rank promoter Bob Arum said "money matters" is the remaining hurdle they would have to break through to make the December 6 dream fight between Manny Pacquiao and Oscar de la Hoya come true.

A report posted on PhilBoxing.com said de la Hoya’s Golden Boy Promotions (GBP) proposed a 70-30 revenue sharing while Pacquiao’s camp is demanding a 60-40 share.

Arum said, “All this stuff about the gloves, about the weight, that’s all crap. That’s all been agreed to. There’s only one real issue and that’s the split of the revenue.”

He said de La Hoya had agreed to fight at 147 pounds and “they have agreed to use 8oz gloves.”

Talk of Pacquiao wanting to wear 8oz gloves and 10oz for de la Hoya was branded as “nonsense” both by Arum and WBC president Don Jose Sulaiman since it cannot be done under the rules.

Arum said: “You can have different makes but it has to be the same weight.” He cited that in the last three welterweight fights he promoted, including Antonio Margarito vs Miguel Cotto, the fighters used 8oz gloves.

The Top Rank promoter said that the planned meeting between GBP CEO Richard Schaefer and de la Hoya which was scheduled for Monday did not push through because he had heard from the Golden Boy big boss' office that he was ill and the meeting might take place the next day.

Arum said that the agreement should be done by this week since he would want to start a press tour right after US Labor Day on the first Monday in September.

He said, “[Schaefer has] got to get Oscar to agree to the proposal that hopefully would be acceptable to Manny and myself. That’s what we are working for.”

Arum said if the Pacquiao-de la Hoya fight would not push through, then he would pit the Filipino against Soto.
 
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