By Miguel Rivera

The MGM Grand in Las Vegas and the legendary Madison Square Garden in New York City are aggressively pursing the hosting rights to the highly anticipated fight between WBC middleweight champion Miguel Cotto of Puerto Rico and Saul "Canelo" Alvarez of Mexico. Both venues have submitted solid economic proposals to secure the fight, which is being targeted for a date in November on HBO Pay-Per-View.

On Thursday, Michael Yomark, president of Roc Nations Sports (who have Cotto), had a meeting with Golden Boy Promotions President Oscar de la Hoya (who has Canelo) in Los Angeles to discuss the date and the venue.

"There was a meeting between the two sides on Thursday," confirmed Gabriel Peñagarícano, legal adviser Cotto, to El Vocero. "It was Michael Yomark, for the side of Roc Nation and Oscar de la Hoya, for Golden Boy. I was not present, but there are many things ahead.

"I think things have not taken a new direction. New York has always been in place as one of the options next to Las Vegas. We have been negotiating with both places from the beginning and both places have been equally alive and with many possibilities."

"Both venues - the MGM Grand and Madison Square Garden- are very aggressive. There is a strong possibility the [fight will] happen in New York or Las Vegas. They are aggressive and we are close to reaching a decision. The Thomas & Mack Center has not been excluded yet. There is a lot of interest from everyone."