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google translationIn an interesting note of super Carlos Narváez Rosario, the newspaper "El Vocero" of Puerto Rico, released Tuesday, the president of the World Boxing Organization (OMB), Francisco Valcarcel, was emphatic in stating that even the title or not Welter from OMB to the filipino Manny Pacquiao, the next November 14th, the Puerto Rican champion Miguel Cotto OMB must pay a sanction fee of 3% of the stock exchange up to $ 150 thousand dollars.
It is estimated that Cotto will receive approximately $ 15 million, as total of their fees in his fight with Pacquiao, among the 12 million gross of the bag and another 3 million on sales of PPV.
"The fight can be 140 pounds or 147 and we will be fighting Cotto for the title," said El Vocero Valcárcel. "Since I spoke with Bob Arum that while we were in New Jersey. I think the only one who does not want to fight for the title is Peñagarícano Gabriel, attorney for Cotto. But they have to pay the 'fee' in any way. I do not know what the approach Peñagarícano on the matter and if you do as a lawyer and as Secretary of the Council (World Boxing Council) ... You must pay the penalty in any form. They need our approval to fight. For us, the title is at stake in this fight, he is our champion and has to pay the penalty. "
The memo also suggested that Narváez Rosario Peñagarícano will be meeting with Valcárcel Wednesday, seeking to discuss these discrepancies. "This will be a fight outside title. Do not be exhibiting, "said Peñagarícano El Vocero. "Neither is entering discussions with the OMB."Comment
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There is no such thing as a "147 belt," there is however something called a Welterweight championship belt, and the welterweight division is, by definition, 141-147 pounds.
And I'm not going to take this lawyer's word as the end-all be-all source of truth. He may be right, but you're acting like it's 100% set in stone. It's not, especially this soon after the fight was announced. A lot of details are probably still unknown to the general public.Comment
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oc translate this for them.
La OMB quiere guisar
El presidente de la Organización Mundial de Boxeo (OMB), Francisco “Paco” Valcárcel, indicó ayer que todavía no queda descartado el que Cotto arriesgue la faja wélter (147 libras) de dicho organismo ante el filipino Pacquiao.
“Espera y verás”, se limitó a decir Valcárcel cuando se le preguntó sobre cuáles son las consecuencias del acuerdo que firmó Cotto para que su cetro no esté en juego.
“Van a ver la luz al final del camino. Lo único que puedo decir es que hay que asumir que la pelea será por el título”, insistió.
Sin embargo, Gabriel Peñagarícano, asesor legal del púgil criollo, dijo que “no voy a entrar en un debate con la OMB o con cualquier organismo. Hay un acuerdo entre el promotor (Bob Arum) y los peleadores”.
Cuando se le preguntó si Cotto renunciaría a su título, su asesor contestó que “no se ha contemplado” la posibilidad.Comment
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With Pacman fight he will gain everything, a highest purse bid, plus if he beat Pacman then he will be the next P4P King and a big draw in boxing, but why they are affraid to let the championship belt on the line....
One thing, they are not sure if Cotto can demolished the Pacman.
But in reality they feel Pacman will going to send Cotto to dreamland..
Pacman by KO inside 6 round...
LOL....Comment
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. Keep dreaming *******
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