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Schaefer Offers $3 Million To Top Rank For Donaire-Mares

By Rick Reeno

Golden Boy Promotions CEO Richard Schaefer is rolling out the big guns. Schaefer saw a recent article on BoxingScene.com, where Top Rank's CEO Bob Arum had mentioned that conversations were taking place for a potential super bantamweight unification between Nonito Donaire (31-1, 20KOs) and Abner Mares (25-0, 13KOs) on an HBO televised date of April 13th.

Schaefer, who promotes Mares, denies that his company is having any discussions with Top Rank. According to Schaefer, the only conversations taking place are between Top Rank and Frank Espinoza, who manages Mares. Schaefer, who is well aware of the conversations, says Top Rank is offering Espinoza a "lowball" figure.

Arum has expressed his interest in making the fight, but he doesn't want to do a straight co-promotion with Golden Boy. He wants to pay Golden Boy a fee for the services of Mares. However, the Golden CEO does not believe Top Rank has any intention of matching Donaire against Mares.

To prove his theory is correct - Schaefer is putting his money where his mouth is. He is publicly offering a whopping $3 million dollars to Top Rank for the services of Donaire. He doesn't care how Top Rank and Donaire split the money, but even at a 50-50 ratio it would give the boxer his biggest payday to date.

"Basically, I've read these comments about Arum wanting to do a fight between Donaire and Mares, and it is the same bullsh*t that we went through with a potential Mayweather-Pacquiao fight. He has no intention to do it. There have been conversations going on between him and Mares' manager, Frank Espinoza, and Arum has been lowballing us for a potential fight, to provide the services of Abner Mares. This is one of the most anticipated fights in the sport, with two great, young champions fighting each other and we are not going to be disrespected by Bob Arum with a lowball offer," Schaefer told BoxingScene.com.

"Contrary, I think both fighters, Abner Mares and Nonito Donaire, deserve to make the most money in this fight. And I am willing to put up an offer, to Bob Arum, to provide the services of Nonito Donaire. I am willing to offer them $3 million dollars. I will pay Top Rank $3 million dollars, and I don't know what kind of deal they have with Donaire...probably a 50-50, so [Arum] can pay Donaire $1.5 million and he can make $1.5 million, but I don't care how they split up the $3 million."

"I obviously value this fight a little different than Bob Arum does. Maybe Bob Arum doesn't have the kind of revenue sources that we have available to him to maximize the revenues for the fighters. That's why we are the leading promoter in boxing and that's why we are offering them $3 million dollars to provide Donaire."

User Comments and Feedback (Register For Free To Comment) Comment by MJ223 on 01-26-2013

[QUOTE=crold1;12955497]Just wrote a column on this. Donaire vanished off Twitter right around the time we and ESPN went with news stories on the specs of the offer. Coincidence? We'll see.[/QUOTE] [B]I checked his TL and noticed that too :lol1:[/B]

Comment by crold1 on 01-26-2013

[QUOTE=ShoulderRoll;12955423]LOL Man, I might just have to bite the bullet and finally get on Twitter. Been avoiding it for years but a lot of boxing news seems to break on there.[/QUOTE] Just wrote a column on this. Donaire vanished off…

Comment by ShoulderRoll on 01-25-2013

LOL Man, I might just have to bite the bullet and finally get on Twitter. Been avoiding it for years but a lot of boxing news seems to break on there.

Comment by crold1 on 01-25-2013

[QUOTE=ShoulderRoll;12954368]It was a public offer. Everyone read that Schaefer put it out there.[/QUOTE] Twitter has been hilarious on this. Donaire has personally called out GBP guys and Mares and said where is the offer. Send it over. So far, no…

Comment by onechance87 on 01-25-2013

[QUOTE=MJ223;12954406][B]So no paperwork needed.?.?.?[/B][/QUOTE] espinoza and mares have both confirmed that goldenboy has sent the offer to toprank/donarie.Is up to donaire now.

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