Pacquiao right on the Money for Mayweather fight
The super bout everyone wants has moved a step closer after Manny Pacquiao's promoter put forward a solution to finally get his client into the ring with Floyd Mayweather.
The two multiple champions have long been ducking and diving from the fight that would decide the planet’s best pound-for-pound boxer.
Talks initially stalled over Mayweather’s insistence on Olympic-style drug testing, a request Pacquiao is now said to be willing to accept, having first objected.
However, the most recent stumbling block was how to divide the pay-per-view revenue, with the man known as ‘Money’ reportedly demanding all of the pot, with ‘Pacman’ getting a flat $40 million fee - Mayweather tried justifying it by insisting his pedigree is much higher than Pacquiao’s.
And having rejected that proposal, the Filipino’s promoter, Bob Arum, claims his camp have devised a plan to entice Mayweather into the ring.
“Manny Pacquiao has now taken the position, which I endorse, [that] if Floyd Mayweather thinks that he is the greatest fighter of all time, let’s do it 45 per cent to Mayweather, 45 per cent to Pacquiao and 10 per cent to the winner,” Arum said.
“But we’ve got to have parity. If Mayweather really believes he can beat Pacquiao, which I don’t think he does, he’ll pick up more than 50 per cent that way. But it’s up to Floyd.”
However, Richard Schaefer, CEO of Golden Boy Promotions, which has promoted Mayweather recently, feels the unbeaten American is right to demand the majority of the TV money.
“He should get the lion’s share,” Schaefer said. “And I think fair is fair. What we should do is have one of the big three accounting firms account the last fights, going back to let’s say 2007, since we’ve been involved with Mayweather, account the pay-per-view numbers, account the live gates, accumulate all of these numbers.
“If you do the same with Pacquiao, and then you see what kind of ratio it is. If, in fact, they’re the same, they produce the same amount of pay-per-views, the same amount of live-gate revenues, then you know what? Yes, it should be a 50-50 split. But if they don’t, then why should it?”