Comments Thread For: Arum Discusses The Mayweather-Koncz Meeting in Vegas

[edgarg]

If Arum thinks that Haymon won't be negotiating, he has lost his damn mind.

Haymon can negotiate to his heart's content as far as Arum is concerned. He'd expect that. Why would you think that he wouldn't???? Haymon is part of Mayweather's employees, and whever he had to pay off, I'm sure Arum couldn't care less.

Why should he???

[zphd]

Floyd faces his most most serious charges on Dec. 11.
Floyd's assault rap could change the complexion of everything.
There is a an urgency to get Pac/'Money' done now, although both camps deny it.
Pac is nearing the end of his prime and he knows it. His leg cramps are symptomatic of a larger problem. Roach is feeling stable but not well and Mayweather could lose the biggest paynight in fistic history due to procrastination and arrogance.

Do it in May and everyone goes home knowing that they did the right thing.

30 plus years ago there was no need to milk such mega fights.
The fighters had the desire to meet the best and they usually did so without much B.S.
Hearns/Cuevas, Cooney/Holmes, Hearns/ Leonard, Arguello/Pryor and Ali vs.anybody were just the tip of a moment in time when fighters fought because they wanted to be tested.
This was once a great and honorable sport.
Today it is just another business being brought to it's knees by greed.

StrangerInTown, your last point is not quite accurate. It is well-known that Leonard v. Hearns was "marinated" for quite a while by Angelo Dundee; Holmes v. Cooney also involved rather extensive negotiations (because the Cooney camp demanded a 50/50 split) despite the fact that Cooney was the legitimate challenger for the title. I agree that earlier boxers were more forthcoming and "ducked" opponents less, but the fact that negotiating or "marinating" a fight can become stagnant has been around since boxing's been around I guess.

[edgarg]

What about Manny? If Arum offers Floyd a 60/40 split, will Manny agree? Does Manny have a choice. Arum is his promoter. The ball is in Floyd's court and Arum knows it. Pac will do as he is told and the fight will be made.

Arum is trying to get in good with Floyd so that he can promote Floyd's next fights. What a snake, but a rich damn snake.

I think you have completely the wrong, ignorant, idea as to the relationship between a fighter and his promoter. Especially THIS fighter, who is a global icon, and a soon to be candidate for Governor of his native province. Pacquiao has his own advisors, although, if he wants to supplement their advice with a query to Arum, who is a brilliant man, I'm sure he does.

Arum takes a particular, even personal interest in Pacquiao, to the extent of going to the Philippines during the Congrssional election and making speeches on his behalf. As you know he was elected, and now is part of government. Arum can be justly proud of what he has achieved with Manny Pacquiao, and is likely more responsible for his success than any other one person.

[The Future]

you seriously think it wont happen?!?! LOL! i suppose its just in the media for over 3 years just for fun then? come on man, any real boxing fans that also follows the behind the curtain aspects of the game knows this fight will inevitably 100% happen. this is how it ALWAYS goes down before big fights, this one just happens to be more publicized because of the outburst of fans of pac, and the outburst of haters for may. they are gonna milk every second that they can to get the most **** for their buck. their businessmen first, fighters second, and neither are ******, and neither are scared. no way in hell does this fight not happen. they have no choice, everyone in the world knows it...

i do think this fight will happen, but this is not how big fights play out. it does not take 3 years for 2 stars to fight each other. i said this before but i miss de la hoya fighting. when he was a star he fought everyone and when you should fight them.....and i was there always rooting against him!! LOL.

This fight is not going to make any more then it would have 3 years ago

mayweather and pacquaio should have fought 2-3 years ago. But i am still excited at the prospect of them fighting

[marvin douglas]

Come one Edgarg, as soon as pacman is through with fighting, Arum will move on to the next fighter to promote.

A promoter's loyalty lasts only as long as the fighter is productive, even if he has a personal interest in the fighter. How many fighters have Arum dropped once they lose? Do you think Arum will take a personal interest in Pac if Pac gets KO'd in his next two fights?

Arum is doing what he has always done: Get the most out of a fighter while he can. I use to work with Don King in the 80's and I know the game. Believe me, if Floyd ko's Manny in 4 rounds, Arum will be the first person in line to promote Floyd. And he will take a personal interest in Floyd until he gets beat.

[MrClutch85]

Arum wants Mayweather to negotiate a fight with him without GBP and Haymon involved that ain't happening

[marvin douglas]

Why does Floyd need GBP? He doesn't even like Oscar. Floyd has his own production company (they produced 24/7). He doesn't need to give GBP part of the revenue.

[edgarg]

Hey Edgarg, it won't take 300 mill for a fight that will only gross a 100 mill. To stage this promotion,. it will only take about 10 mill, tops, unless you want to pay pac and floyd upfront, and then is will only take about 100 mill.

But boxers don't get paid upfront, especially with PPV.

Don't you think bob had about 100 mill in the bank?

Get real, it's get Arum trying to cut everybody out, so he and floyd can split the pie themselves.

All this involves multitudes of guarantees, all in contracts, and they want to make it the biggest extraveganza that ever happened in history. Maybe $300 mill might be a bit overestimating, but I don't believe by very much. If the fighters alone are expecting to make 50-70 mill apiece alone, (not to mention the absoolutely neccessary top class undercard) and would need to be GUARANTEED a minimum of $25-30 mill each BY CONTRACT, this would stretch to more than an available $100 mill.

Don't forget that MannyP alone, was guaranteed $22 mill just for the Marquez fight, and this Mayweather fight would be on a completely different financial and promotional plane altogether.

Actually it's all speculation, but there are certain things we DO know which are actual fact, and we try to show ourselves smart enought to try to foretell the negotiations, the conditions, the gate, the PPV, the eventual payout, everything. But we really don't know, which I am quite ready to admit. My specualtions are based on logic, common-sense, and past previous information about major fights. As well as some small knowledge of how the BIG guys operate.

For example, and you will see this when I point it out. I've already mentioned the reasons that "secret investors" (meaning private) want to be out of the limelight. If their competitors and enemies get to know of a failure, they will lose no time in discreetely publicising this failure, which would have a strong effect on any prospective investors who might themselves be preparing to invest with the guy who just made a "boo-boo". All these guys depend on other lesser investors to a large degree, and rarely invest their own money, unless it's a solid gold investment. Except for "SEED" money. They leverage, and use borrowed money, paying an attractive interest for a short term, which doesn't amount to much, capital-wise, and if they make a killing, they walk away happy.

If it got around that they were involved in failures, that smaller investor money would dry up.

So they want it only on a condition of confidentiality, at least until everything is over, when it will then be good PR to advertise that they were part of this huge, successful enterprise. They'll be mentioned in hundreds of financial newsletters, (of which I get at least 20 a day regularly-I read them too). Sorry if I went on too long, a bad habit of mine.

[edgarg]

golden boy still gets 15 percent off of PAC!!!!!!!!! for doing nothing lol remember that. they are going to make an easy 10 mill for not even being involved. floyd is a smart business man and im sure they met with al haymon as well because floyd doesnt do a THING without al haymon aka the ghost OK.

Golden Balls never got 15%. Arum himself gets only 27% and he does a ton of work for it. The percentage mentioned when the original Golden Balls case broke down, was just a tiny amount, suggested then as being rather less than 5%, but definitely far less than the estimated court and legal costs that Golden Balls would have to shell out for losing a full case. My guess is 2%. Now in the recent tearful, abject apology that Oscar made to Arum and Manny P, the terms of the settlement by which they agreed to drop the defamation suit (which likely was the cause of Oscar's breakdown anyway) were kept confidential, but you can be sure that Golden Balls paid big money. Unless Arum is an imbecile-do I hear any agreement here?- the very first thing that Oscar handed over was that tiny %age. I'd bet real money on it, based on Arum's KNOWN sharpness.

So I don't think it applies any more.

[marvin douglas]

Good points Edgarg, but you have to remember, with PPV, you don't need investors because the money starts coming in when people start ordering the fight. Any cable network would be willing to finance the fight for the rights to broadcast the fight. Does the NFL need investors to put on the Super Bowl?

Besides, you only need investors if there is a risk of losing money (like putting on a Broadway show or financing a concert tour). Is there any risk in this fight losing money?

Floyd has the money in the bank to put on the fight himself, but Arum owns the rights to Pac. Do you think Pac would take 30 mill up front and not want a percentage of the gate. I think not.

If there really are secret investors, it's probably rich guys trying to break into the boxing business, but they are not needed. Look, if they gave me the exclusive right to promote the fight, I could raise the money in a heartbeat.

It's like the Mike Jackson concert tour that was cancelled when he died. Most of the venues were sold out shortly after the tour was first announced.