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Arum: HBO Will Not Financially Back Ortiz-Marquez Bout - Boxing News
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 Last update:  5/12/2011       Read more by Lem Satterfield         
   
Arum: HBO Will Not Financially Back Ortiz-Marquez Bout
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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.

Tags: Juan Manuel Marquez , Bob Arum , HBO , Victor Ortiz , Richard Schaefer


 

 User Comments and Feedback (must register to comment)

comment by PennyAnd1, on 05-14-2011
[QUOTE=JDezi4]:spankme: Butt-Hurt[/QUOTE] :haha: his butt hurts he says

comment by JDezi4, on 05-12-2011
[QUOTE=PennyAnd1]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 start hating on Pac when he doesn't put on a show. Floyd always had boring fights and h...

comment by JDezi4, on 05-12-2011
[QUOTE=Check_hooks]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]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 vs wv was the better fight. So far lot of pac fans and people that rode pa...

comment by PennyAnd1, on 05-12-2011
[QUOTE=onechance87]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 Ortiz fights, which I don't mind wa...

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