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The proposed May 2 showdown between Manny Pacquiao and junior welterweight champ Ricky Hatton is off, according to representatives for both fighters.
Bob Arum of Top Rank, who promotes Pacquiao, confirmed that the fight is off.
"The fight is off and I instructed [tour manager] Kelly Swanson to cancel the tour," said Schaefer, clearly upset. "It's off and we are now pursuing our other options. That's it."
Arum and Schaefer shopped the fight to the big Las Vegas casinos. They struck a deal with the MGM Grand and were in talks with HBO and Showtime about a pay-per-view deal.
"I contacted Schaefer and I told him the situation and he acted accordingly, which means the fight is off. The suits can posture but it's the fighters who have to go in the ring and fight. But I am not thrilled right now."
"What a waste of time and effort and money this whole thing has been. I flew to New York to talk to the TV partners, I flew to Vegas. My time is money. This has just been a wasted effort."
Bob Arum of Top Rank, who promotes Pacquiao, confirmed that the fight is off.
"The fight is off and I instructed [tour manager] Kelly Swanson to cancel the tour," said Schaefer, clearly upset. "It's off and we are now pursuing our other options. That's it."
Arum and Schaefer shopped the fight to the big Las Vegas casinos. They struck a deal with the MGM Grand and were in talks with HBO and Showtime about a pay-per-view deal.
"I contacted Schaefer and I told him the situation and he acted accordingly, which means the fight is off. The suits can posture but it's the fighters who have to go in the ring and fight. But I am not thrilled right now."
"What a waste of time and effort and money this whole thing has been. I flew to New York to talk to the TV partners, I flew to Vegas. My time is money. This has just been a wasted effort."
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