Advertisement
Advertisement
Boxingscene.com

Arum: HBO Will Not Financially Back Ortiz-Marquez Bout

By Lem Satterfield

Top Rank's CEO, Bob Arum, says HBO will not financially assist Golden Boy Promotions with putting together a fight between Juan Manuel Marquez and WBC welterweight champion Victor Ortiz. Golden Boy's CEO, Richard Schaefer, was quoted by the Los Angeles Times as stating that "HBO would be on board" to help finance Ortiz-Marquez.

Ortiz is one possibility for Golden Boy to match a revised offer that Marquez received to face Manny Pacquiao in a trilogy bout on November 12 at the MGM Grand in Las Vegas. The offer for Pacquiao includes a $5 million dollar guarantee with a pay-per-view upside, a rematch clause with a $10 million dollar guarantee, and a catch-weight of 144-pounds.

Pursuant to an expired promotional agreement, Marquez must provide Golden Boy with the opportunity to match Top Rank's offer. Schaefer was previously planning to offer Marquez a fight with Saul "Canelo" Alvarez, but Top Rank's revised offer, with the catch-weight of 144, rules Alvarez out.

According to Arum, HBO reached out to advise him of their position with respect to Schaefer's comments to The Times.

"When Richard said that HBO was going to finance him and so forth, that's just not true. You can check with HBO. They are not going to finance the Marquez-Ortiz fight. That's just not true. I got calls from HBO saying categorically that wasn't true," Arum told BoxingScene.com.

User Comments and Feedback (Register For Free To Comment) Comment by PennyAnd1 on 05-14-2011

[QUOTE=JDezi4;10529680]:spankme: Butt-Hurt[/QUOTE] :haha: his butt hurts he says

Comment by JDezi4 on 05-12-2011

[QUOTE=PennyAnd1;10528722]Everyone knows Pac vs Mosley was a bummer. But to blame Pac & says he sucks is just down right being a hater. Pac comes to fight. And he takes risk for fans to enjoy. It's unfair for people to…

Comment by JDezi4 on 05-12-2011

[QUOTE=Check_hooks;10526026]HBO already learned their lesson when GBP last PPV BOMBED. Less than 50k ppvs? Are you serious? Pac vs Marquez 3 will happen next, book it.[/QUOTE] That's boxing for u. The better the fight, the less people know about it.

Comment by PennyAnd1 on 05-12-2011

[QUOTE=periks19;10527205]Lmaol are u bob arum? Theres a reason why hbo gave preference to gbp because top rank fights suck aside from manny it produces low ratings. **** just look at mosley vs pac boring as card is sad when arce…

Comment by PennyAnd1 on 05-12-2011

[QUOTE=onechance87;10526024]i guess hbo is kissng arums azz,And want manny back.Its funny that people ripped the marquez-ortiz fight,Claming ortiz was to big for him.I guess ortiz would whoop mannys azz as well.[/QUOTE] I don't think it's about ripping the Marquez vs…

Post a Comment - View More User Comments (23)
Top Headlines Mike Towell Dies From Injuries in Knockout Loss To Dale Evans Joseph Parker's Promoter: Andy Ruiz on Board With The Fight Mauricio Herrera vs. Pablo Cesar Cano on November 18 WBO, WBA Keeping Close Eye on Tyson Fury Cocaine Scandal AIBA Developing Anti-Betting Program For Boxers Photos: Humberto Soto, Daniel Ruiz Prepared For Mexican War Klitschko's Manager: Fury is Most Unworthy Champion in History! Ed Brown, Alejandro Hernandez Ready For Respective Bouts Manny Pacquiao: No Reason To Apologize For Past Drug Use Kovalev, Bellew Backing Cleverly To Overcome Braehmer Nehomar Cermeno's Win Opens The Door For Scott Quigg Clash Peralta Leaves Cab at Home, Heads To Miami With New Coach Photos: Joseph Parker, Alexander Dimitrenko - Ready For War Petrov Talks Linares-Crolla, Promises Fireworks With Perez Tyson Fury Tests Positive For Cocaine! Titles in Jeopardy! Braehmer, Cleverly Make Weight For Long Awaited Clash Mundine Wants To Boycott National Anthem, Eyes Politics Stephen A. Smith on Why Mayweather-Pacquiao 2 is Possible Golovkin's Coach: Ward Fight Impossible - He Couldn't Make 168! Telemundo Weights: Hernandez 122, Dominguez 121 Parker Sees Benefits of Fighting in UK Prior To Joshua Showdown Mike Lee: We've Built Up To This, I'm Ready For It, I'm Excited Bradley: There Are Levels; Vargas Will Find Out Against Pacquiao Billy Joe Saunders vs. Artur Akavov Set For October 22 Adrien Broner vs. Ricky Burns Nearly Finalized For December Roach is Concerned: Pacquiao Looks Tired, Sluggish in Sparring WBC Warns Boxers About Dangers of Consuming Energy Drinks Orlando Cruz: I Won't Rest Until I'm First Gay World Champion! Sanchez: If GGG Breaks Hopkins' Record, Mayweather May Come Chocolatito Drops 112 WBC Belt, Hernandez-Nawaphon Ordered Orlando Salido vs. Takashi Miura Finalized, Dec. 17 on HBO Photos: Mike Lee, Chris Traietti - Ready For Chicago Showdown Jorge Linares Update on Hand Injury, Crolla Rematch Clause Petrov vs. Perez WBA Title Eliminator - Photos, Weights Juanma Lopez vs. Wilfredo Vazquez Pushed Back To Oct. 29 Erick De Leon vs. Aldimar Santos, Oct. 28 on UniMas Eddie Hearn Shakes His Head at Lee Selby's Inactivity Adam Lopez vs. Carlos Valcarcel on November 12 in Philadelphia Photo: Victor Ortiz Mugshot Released For DUI Arrest Callum Smith-Luke Blackledge British Title Clash In Play, Nov. 26
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement