Advertisement: IBO Boxing
Advertisement
Boxingscene.com
Advertisement

Arum: I Won't Lose Money On Loma-Lopez Because Lopez Thinks He's Worth More

Bob Arum and Teofimo Lopez have drawn their proverbial lines in the sand.

Their respective stances have placed the unbeaten IBF lightweight champion’s showdown with Vasiliy Lomachenko in jeopardy. They’re tentatively scheduled to fight October 3 in Las Vegas, but Arum disagrees with Lopez and Lopez’s manager, David McWater, on how much money the biggest fight of Lopez’s career should be worth to him.

“We explained to them we have no gate [revenue], no closed-circuit [revenue],” Arum told ESPN.com on Tuesday. “I mean, we’re willing to pay him a big price, but again, I’m not going to lose millions of dollars on an event because he thinks he’s worth more.”

lomachenko-lopez_3

The Athletic’s Mike Coppinger reported Thursday that Arum’s Top Rank Inc. has offered Lopez roughly a $1.2 million purse for facing Lomachenko in a lightweight title unification fight. Lopez’s purse, if he accepted that offer, would be worth slightly more than a third of what Lomachenko would be guaranteed for their 12-round, 135-pound title fight.

Ukraine’s Lomachenko (14-1, 10 KOs), a three-division champion and two-time Olympic gold medalist, is a more established fighter than Brooklyn’s Lopez (15-0, 12 KOs) and is commonly considered one of the top three boxers, pound-for-pound, in the sport. If their bout were the main event of an ESPN Pay-Per-View show, however, it would mark Lomachenko’s debut as a pay-per-view headliner as well.

“Everybody is trying to do the right thing,” McWater told ESPN.com. “But there doesn’t seem to be enough money for everybody. We were willing to take a hair cut from what was expected before, but not one of the magnitude presented to us.”

The impasse they’ve reached could lead Lopez to pursue an opponent other than Lomachenko for his next bout.

“I think more likely we would take another fight at 135 and revisit [the Lomachenko fight],” McWater said. “To me, a lot of this has to do with ESPN. I mean, if they want the fight, I think they should find a way to make it work for Top Rank. Bob’s right, Top Rank shouldn’t have to lose money on this – but neither should Teofimo. The big winner here would be ESPN. I feel it should be incumbent on them to find a way to make this happen.”

Arum’s company has an exclusive deal to provide content for ESPN.

The 88-year-old promoter told BoxingScene.com last week that it remained possible ESPN would televise Lomachenko-Lopez live on the network. Arum added that ESPN Pay-Per-View and ESPN+, the network’s $5-per-month streaming service, also were potential platforms for that fight.

Lomachenko, 32, and Lopez, 23, were supposed to meet May 30 at Madison Square Garden in New York. Contracts for that bout weren’t finalized before the COVID-19 pandemic brought boxing to a standstill for nearly three months in the middle of March.

Keith Idec is a senior writer/columnist for BoxingScene.com. He can be reached on Twitter @Idecboxing.

User Comments and Feedback
Comment by kushking on 08-06-2020

[QUOTE=R-Hand Southpaw;20692411]Bro, you're one of the guys everyone knows just hates Lomachenko for no real reason other than "you just do". You're not even a fan of Teofimo Lopez just like many of these guys who are "supporting " Teo…

Comment by R-Hand Southpaw on 08-06-2020

[QUOTE=kushking;20692160]So you're saying that lomas career has been way overhyped by selective matchmaking (Commey was who Loma had been chasing as his next supposed test where his fans were already licking their chops over in anticipation to proclaim Loma the…

Comment by kushking on 08-06-2020

[QUOTE=R-Hand Southpaw;20691461]Weird how you keep saying the same thing over and over yet have ZERO proof that Teofimo actually drew anyone to that event. You know how many people I asked to provide any evidence that Teo draws? I even…

Comment by Willy Wanker on 08-05-2020

Damn, I guess Arum is done marinating fights, huh?

Comment by Curt Henning on 08-05-2020

[QUOTE=xEcto1x;20691633]Totally agree. Boxing is a business and I'm sure Top Rank and ESPN have done their homework to determine the drawing power and future profitability of Lopez, win or lose. They arrived at a number that makes sense for them.…

ADD COMMENT VIEW COMMENTS (154)
Advertisement
Top Headlines
Nery: Would Really Love To Hold World Titles In Two Divisions At Same Time Josh Taylor: Whether Ramirez Fight Is In Scotland Or America, I'm Not Fussed Rosario: It Has Been Easier For Me To Train During Pandemic, No Distractions Charlo Twins Vow Same In-Ring Energy Even Without Fans In Attendance Panama Lewis, Requiem For a Cheater Maxi Hughes Aims To Continue Big Run in Viktor Kotochigov Fight Yildirim's Promoter Hopes Canelo Alvarez Deal Gets Done Reynoso Confident Andy Ruiz Can Accomplish Even More in Career Niall Kennedy Vows To Shut The Mouth of Alen Babic Daniel Roman: I Gotta Look Good, Send a Message I'm Still The Champ Jermall Charlo: My Toughest Fight Was Korobov On Date Jermell Got Robbed Of His Title Josh Taylor Admits That He Hasn't Secured Recognition He Deserves Alejandro Davila Very Motivated To Shock Serhii Bohachuck Shannon Briggs: Jones Having Second Thoughts? Tag Me In - I'll Fight Tyson! Villa Promoter: Ruben Will Rise To Occasion, Beat Emanuel Navarrete Jermell Charlo: Me & Jermall Will Leave Legacy Like Klitschko Brothers Chocolatito Will Head To Mexico To Finish Camp For Gonzalez Fight Euro News: Serrano-Mahfoud?, Faust, Olsen, Ziani, Much More Derevyanchenko Vows To Apply Pressure Early, Start Faster on Charlo Chris Kongo Confident That He Would Knock Conor Benn Out Roy Jones Jr. Putting in Work For Mike Tyson Clash Ricards Bolotniks Wants a 'Real Fight, Real War' With Hosea Burton Lomachenko To Lopez: If You Say Something - You Need To Prove It in The Ring! Josh Taylor: Not Often You Get To Fight For All The Belts, The Fight I Want Next Lubin: Gausha Was Badly Hurt; Could've Stopped Him If I Had 1 More Minute Spence on Charlo-Rosario: Jermell is Going To Try To Dominate, Knock This Dude Out Muhammad Ali Comparisons Are "Inappropriate" Says Khabib Nurmagomedov Nakathila's Promoter Open To Stevenson Fight For WBO Belt if Herring Vacated 2020 USA Boxing National Championships: Shreveport to Host Fury Dares Joshua: If I'm Old and Need To Retire - Come and Retire Me! Canelo vs. Yildirim WBC Purse Bid Postponed To October 6 Murat Gassiev's Return To Be Announced in Coming Weeks Jaron Ennis Boots In The Door Of Welterweight Title Contention Fury To Joshua: Vacate WBO Title, Forget Usyk, Fight Me in 2021 Sylvester Stallone on Tyson vs. Jones: It's Matching a 22 Against a 45 Dorticos Vows To Return To Miami With Muhammad Ali Trophy Lubin: Bouncing Back From KO Loss To Charlo Tells You A Lot About Me Rene Alvarado Training in Las Vegas For First Defense Nyambayar Edges Cobia Breedy in WBC Eliminator Jaron Ennis Crushes Juan Carlos Abreu in Six Rounds
Advertisement
Advertisement
Latest Forum Threads
Advertisement
Advertisement