An investment group from the United Arab Emirates has made an offer to Floyd Mayweather Jr. and Mayweather Promotions to fight Manny Pacquiao during the first half of 2015.
Long-time boxing executive M. Akbar Muhammad, one of the principals in the group, has made an offer of $110 million, by far the largest in the history of boxing.
“I’ve been instructed by the group to do whatever it takes to bring this long-awaited and eagerly anticipated fight to fruition,” said Muhammad. “There’s absolutely no doubt that each fighter, individually, will receive more money than any other boxer has in the past.
“The combined purses offered are approaching $200 million,” said Muhammad. “And, rest assured, we have the resources to do just that.”
In addition to receiving a record-setting purse, Mayweather Promotions, LLC will be the lead promoter of the event and a partner with the investment group, said Muhammad.
Muhammad added that he and the group desire an on-going relationship with Mayweather Promotions.
"We want to be a part of Mr. Mayweather’s historic march to 50-0, no matter where the fights may take place, “said Muhammad.
“We also envision that future fight cards in this part of the world, regardless if Mr. Mayweather fights on them or not, will be done with Mayweather Promotions as the lead promoter,” continued Muhammad.
“There is no ambiguity nor conjecture about the ability and motivation of this group,” said Muhammad. “That’s evidenced by the purse amount and the promotional involvement.
“The funding is in place, and because of this and the group’s unique and distinctive make up and backgrounds, it has emerged as the leading and most serious group striving to secure the bout,” said Muhammad. “All this is the result of three years of effort on the part of many persons.”
The date of the card is expected to be during April or May of 2015.
Various elements pertaining to the card, including marketing, infrastructure and the undercard bouts, among others, are under discussion with the involved parties, said Muhammad.
Ancillary events in association with the card will include a live concert plus a tribute to Muhammad Ali, who has Tweeted, “This is a fight I want to see.”
Several functions to benefit non-profit organizations and charitable foundations also are scheduled.
“We are committed to creating a week-long event on an international stage, the magnitude of which has never been seen,” said Muhammad.
Muhammad, president and chief operating officer of Akbar Productions, LLC of New Jersey, has extensive experience in all phases of boxing. He has managed five professional world champions; guided two Olympic gold medalists; and produced world championship, internationally televised boxing cards in more than one dozen countries.
“I began my boxing career working with Muhammad Ali, the greatest of all time,” said Muhammad. “Now I’m coming full circle, hopefully, to work with Floyd Mayweather, the best ever.”