Advertisement
Advertisement
Boxingscene.com

Team Pacquiao, Bob Arum Discuss The Extension Deal

by Ronnie Nathanielsz

As reported on Tuesday, eight division world champion Manny Pacquiao signed a contract extension with Top Rank until the end of 2016. Top Rank's CEO Bob Arum, as well as Pacquiao’s adviser Michael Koncz, discussed the deal with BoxingScene.com/Manila Standard.

Koncz told BoxingScene/Manila Standard - “After more than one month of negotiations with Top Rank and also a new player, Cash Money Records founded by Brian Williams aka “Birdman,” who was very pleasant to deal with and had some new refreshing ideas on forming a partnership with Manny and MP Promotions, Manny has decided to continue our partnership with Top Rank.”

Koncz said Pacquiao signed an extension “that will take us to the end of 2016” but added that the terms and financial conditions of the contract are confidential.

The adviser had met with Williams and negotiated the terms of the MP Promotions partnership during his last visit to Los Angeles.

Wikipedia reported that Cash Money Revords Inc was founded by brothers Bryan “Birdman” Williams and Donald “Slim” Williams, who currently act as CEOs. It operates as a subsidiary of Universal Music Group and is distributed by Republic Records and includes artists such as Lil Wayne and Mystikal among others.

Koncz continued -  “We are happy. We reviewed both proposals (Top Rank and Williams) last Monday and felt in an overall picture the Top Rank proposal was the best choice” pointing out that Arum “has been good to Manny.”

Arum himself told BoxingScene/The Standard that “we have the rest of this year plus two more years. The minimum we’ll have is five fights.”

He said the contract extension means “we can do some long range planning, it means that we are going to be able to make multi-fight deals with venues like the Venetian so I think its going to enhance everybody’s ability to maximize the amount of money that could be brought in.”

The astute promoter said the deal was significant “particularly now that in November we will be starting off this venture to bring pay-per-view to China and we are really well on our way to instituting it. That could mean a very huge revenue source that could even surpass pay-per-view revenue in the United States.”

“The partnership among Manny, Top Rank, MP Promotions and HBO has been a wonderful one for all parties and for the public and its great that it will continue for the years to come.”

Indications are that Pacquiao will fight until at least the 2016 presidential elections when the incumbent Sarangani province congressman is expected to seek a seat in the Senate.

User Comments and Feedback (Register For Free To Comment) Comment by Convicted_Felon on 05-22-2014

Keeping the numbers confidential as if we're not gonna find out later on down the line.

Comment by JohnDough on 05-22-2014

Like it not Bob Arum made Manny. Manny was and is an excellent fighter. A lot of men can fight (I don't see Rigo losing), but only a few have the appeal to be superstars in the sport. Bob showcased…

Comment by jbpanama on 05-22-2014

[QUOTE=hitking;14577007]Why, it's been the same song n dance the last five years? You just now figuring it out?[/QUOTE] And Our Hero's Greatest Defensive Move, is apparent in the way He's Masterfully... Ducked and dodged to AVOID, the Beating Pac have…

Comment by jbpanama on 05-22-2014

!!![QUOTE=Sugar Adam Ali;14577056]Manny is such an idiot for resigning... Cotto clearly laid the blueprint out on how to get a Floyd fight and still work with top rank... Utterly idiotic to resign[/QUOTE] Big Difference, FRAUD knew he could handle Cotto,…

Comment by jbpanama on 05-22-2014

[QUOTE=jbpanama;14575940]Why should Manny leave Arum? Pac has too much Class, to let the FRAUD's of the world Fu*k Him Around...[/QUOTE] You think Arum is the one holding up a Pac Fight...Ha ha ha??? Just FRAUD's latest way to Avoid the…

Post a Comment - View More User Comments (157)
Top Headlines 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 Pacquiao Admits Past Drug Use, Backs Prez's Tough Stance UK News: Kassem vs. Murray, Leather Twins, BoxNation Update Artur Beterbiev vs. Isidro Ranoni Prieto Set For December 23 Calzaghe Backing Cleverly To Unseat Braehmer For The Title Dimitrenko: Parker is Looking Past Me, He's Focused on Joshua Terry Flanagan - In-Depth on Crolla, Verdejo, Return, What's Next WBA Prez: We've Asked "Twice" For Tyson Fury's Medical Report! Mikey Garcia Eyes Dejan Zlaticanin Bout in November, December Frank Warren Reacts To Eddie Hearn: Tyson Fury is NOT Done! Hanzel Martinez Vows To Stop Ruiz Inside The Distance Johnny Nelson: Parker is at The Same Level as Anthony Joshua Golovkin's Coach: Jacobs Beat Cancer, He's Not Scared of GGG Eddie Hearn: Joshua-Klitschko Not Done, Negotiations Ongoing UK News: Skeete vs. Singleton, Liam Williams, Osman, More Cotto Could Be in Line For WBO Shot - When Canelo Goes To 160 Cleverly: Braehmer Fight Has Been Five Years in The Making Wladimir Klitschko vs. Anthony Joshua? Yes, Please. Photo: Canelo Alvarez, With Splint, is Back To Putting in Work Victor Ortiz Arrested For Driving Under The Influence Joseph Parker Avoids Social Media as Fight Rumors Swirl Walters Warns Lomachenko: Remember Donaire? I Want a KO! Milan Melindo vs. Fahlan Sakkreerin, IBF Interim on November 26 Mayweather: If McGregor Stole My Blueprint, It's a Good Thing! Lomachenko vs. Walters Made Official For November 26, HBO Ganigan Lopez Injured: Pedro Guevara Will Now Face Tomogdan Robert Helenius To Return on December Date in Helsinki Randy Petalcorin Domintes Donnie Mabao Over Ten Rounds Joseph Parker vs. Andy Ruiz For Vacant WBO Title? Tyson Fury Will NOT Return in 2016, Says Peter Fury
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement