Hi guys, after Manny "The Pacman" Pacquiao over demolishes the bigger and stronger welterweight champion Miguel Cotto of Puerto Rico via 12 round TKO , here are some of the developments on the ongoing talks with Mayweather camp for a possible clash in 2010. Please wait for more updates on this much awaited fight.
By Roy Luarca
Philippine Daily Inquirer
EXPLORATORY TALKS HAVE BEGUN FOR the fight the world wants to see—Manny Pacquiao versus Floyd Mayweather Jr.
Richard Schaefer, CEO of Golden Boy Promotions, told ESPN.com, that he is meeting Bob Arum, top honcho of Top Rank and Pacquiao’s promoter, over lunch Monday (yesterday in Manila) at the MGM Grand in Las Vegas to find common points with which to start talks for the showdown early next year.
“The fact that I am flying to Las Vegas to meet with Bob shows you how serious our side is about making the fight,” Schaefer told ESPN’s Dan Rafael.
Arum, according to Rafael, confirmed the planned meeting, but the former refused to talk about the specifics.
Both sides have reportedly agreed to keep the negotiations short and silent for the fight projected to make each fighter richer by as much as $50 million.
Initially, Mayweather’s camp was talking of a 65-to-35 revenue split in their favor, but will have to settle for less following the smashing success of the Pacquiao-Miguel Cotto bout won by the Filipino superstar on Nov. 14 also in Las Vegas.
That bout, which gave Pacquiao an unprecedented seven world titles in as many weight divisions, netted 1.25 million pay-per-view buys and drew about 16,000 paying fans to the MGM Grand.
In contrast, Mayweather’s fight against Juan Manuel Marquez in September only tallied 1.05 million PPV buys and drew 13,000 paying fans to the same venue.
Pacquiao’s chief trainer, Freddie Roach, said in earlier interviews that a 50-50 split would be ideal.
Some boxing pundits are also proposing a 40-40 sharing with the remaining 20 percent going to the winner.
The unbeaten Mayweather, 40-0 with 25 KOs, was the pound-for-pound king when he retired two years ago.
