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When you have 15 mills, what a belt Matter?. This could be the approach, of WBO WelterWeight Champion, Miguel Cotto, who does not want to put at stake his crown against the filipino Manny Pacquiao on November 14 in Las Vegas as part of the terms for mega-event.
However, yesterday the president of the WBO, Francisco Valcarcel was emphatic in stating that even if the title is or not at stakes, Cotto must pay the agency a 'sanction fee' of 3% of the stock exchange up to $150K.
"The fight can be 140 pounds or 147 but for us they will be fighting for the title," said emphatically 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 Gabriel Peñagaricano Cotto's lawyer. 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), "said an expert on laws.
Cotto allegedly will earn a bag of $ 12 million deal with Pacquiao and another $ 3 million from sales of 'pay-per-view', in what would be the best pay of his career.
This means you pay a 'fee' of up to $ 150 thousand to the WBO even if you do not want to put the title on the line, as explained Valcárcel.
"You have to 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 he has to pay the penalty, "he said.
For his part, Cotto's lawyer, Gabriel Peñagarícano Valcárcel expected to meet today for discussing the important issue.
"This will be a fight outside title. Do not be exhibiting, "said Peñagarícano. "Neither is entering discussions with the OMB," he said.
However, yesterday the president of the WBO, Francisco Valcarcel was emphatic in stating that even if the title is or not at stakes, Cotto must pay the agency a 'sanction fee' of 3% of the stock exchange up to $150K.
"The fight can be 140 pounds or 147 but for us they will be fighting for the title," said emphatically 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 Gabriel Peñagaricano Cotto's lawyer. 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), "said an expert on laws.
Cotto allegedly will earn a bag of $ 12 million deal with Pacquiao and another $ 3 million from sales of 'pay-per-view', in what would be the best pay of his career.
This means you pay a 'fee' of up to $ 150 thousand to the WBO even if you do not want to put the title on the line, as explained Valcárcel.
"You have to 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 he has to pay the penalty, "he said.
For his part, Cotto's lawyer, Gabriel Peñagarícano Valcárcel expected to meet today for discussing the important issue.
"This will be a fight outside title. Do not be exhibiting, "said Peñagarícano. "Neither is entering discussions with the OMB," he said.
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