Advertisement
Advertisement

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 Gilberto Ramirez-Dominik Britsch on Crawford-Postol HBO PPV De La Hoya: I Thought Pacquiao Would Be Easy, Canelo in Tough! Gassiev Warns Povetkin: Wilder Punches Harder Than Klitschko Verdejo Not Worried About Critics, Intends To Fulfill Expectations Freddie Roach Says Frankie Gomez in 'Best Shape' For Herrera Amir Khan Stands To Pocket 13 Million in Canelo Showdown Brown on PBC: We're Giving Fans What They Want and Expect Examining the Badou Jack-Lucian Bute Scorecards Anthony Joshua-Zhang Zhilei Eyed For The Future in China? Glen Tapia Ready For David Lemieux, Feels A lot Stronger at 160 Bute Wants the Winner of DeGale-Jack Unification Fight Photos: Anthony Crolla vs. Ismael Barroso Open Workouts Examining the James DeGale-Porky Medina Scorecards Hearn Wants Joshua to Become Pay-Per-View Star in America ALA Promotions Prez: Magsayo Will Never Be Another Pacquiao De La Hoya Breaks Down Speed vs. Power Fights of The Past Curtis Stevens on The Trainer Switch To John David Jackson Team Verdejo Bring in Nutrionists, Sports Psychologists For 6/11 DeGale: I Showed Medina Levels, He Doesn't Deserve Rematch Garcia: If Golovkin Will Face Floyd at 154, Then Face Canelo at 155 Magdaleno To Apply Pressure For Nonito Donaire Title Shot Tommy Coyle Calls To Avenge Luke Campbell KO Loss Video: Hearn Talks Judging Issues in Boxing, Crolla vs. Barroso Amir Khan Followed Strict Diet Switch For Showdown With Canelo Video: Hearn Excited About Mayweather vs. Matchroom Card Shane Mosley Makes Heroic Rescue Of Baby in Freeway Wreck Video: Eddie Hearn Talks DeGale vs. Jack, Smith, More Garcia: Amir Khan Will Not Be an Easy Fight For Canelo "Fighting Words" - On Francisco Vargas’ Positive Drug Test Bute on Jack Draw: I Started Too Late Yet Again Matthysse To Sit Down With De La Hoya in Vegas, Discuss Future Mayweather, Hearn in Talks For TMT vs. Matchroom Card Video: James DeGale on Mayweather, Hearn Rift, Jack, More Video: Callum Smith Breaks Down DeGale-Medina, Jack-Bute Jack-Bute CompuBox Punch Stats Video: Badou Jack Feels Robbed, Looks To The Future Thomas Williams: I Want Adonis Stevenson Next, I Want His Belt! Mayweather's Trademark Filings Could Be Biggest Hint of Return Porky Medina: Badou Jack is Better Than James DeGale Della Rosa, Attou Battle To a Draw For Vacant EU Title
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement