Manny Pacquiao’s promoter proposes Floyd Mayweather money compromise

Bob Arum, who promotes the eight-division world champion Manny Pacquiao, has suggested the five-division world champion Floyd Mayweather junior about the distribution of the money as it is the only stumbling block right now between the two fighters.

Mayweather, the current WBC Welterweight Champion, initially demanded an Olympic-style blood testing from the Filipino star but now when Pacquiao has agreed to it, Mayweather is not agreeing on a 50-50 split since he believes he is the biggest draw in the sport.

The CEO of Golden Boy Promotions, Richard Schaefer, which has helped to promote Mayweather fights in recent years, thinks that the undefeated American legend, who holds the record of winning all of his 43 professional fights, with 26 of his wins coming by the way of a knockout, is right to demand the majority of the pay-per-view but Arum disputes this.

“I think he should get the lion’s share,” Schaefer said to HBO. “And I think fair is fair. I think 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 Floyd Mayweather, account the pay-per-view numbers, account the live gates, accumulate all of these numbers.

He added, “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?”

Nevertheless, Arum has something else on his mind. He has suggested that both fighters should get 45% and the remaining 10% should go to the winner’s account.

Arum said: “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% to Mayweather, 45% to Pacquiao and 10% to the winner. But we’ve got to have parity. If Mayweather really believes that he can beat Pacquiao, which I don’t think he believes, he’ll pick up more than 50% that way. But it’s up to Floyd.”

Well, all said and done, let’s wait and watch how Mayweather responds to this situation because he has always said that beating Pacquiao will be a cake walk for him.

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Posted by Imran Shaukat Khan on May 14 2012. Filed under Sports. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.