No more MGM Grand for Pacquiao/ Top Rank

[turkas]

And just to put this into perspective, Las Vegas Sands Corporation, who owns the Venetian properties and is the company Arum was comparing MGM Resorts has $9.5 billion in unsecured debt.

[Biolink]

Exactly. If they pushed the Pacquiao fight to their bigger property it's on them.

There would have been no conflict with Mayweather-Maidana at Mandalay Bay.

I read in another thread MGM is supposed to be in some kind of exclusive deal with Golden Boy and the Mandalay Bay so that's off the table for Top Rank.

[Check_hooks]

And just to put this into perspective, Las Vegas Sands Corporation, who owns the Venetian properties and is the company Arum was comparing MGM Resorts has $9.5 billion in unsecured debt.

The article I posted said that they were issuing more debt to pay off debt

In what world does this mean that you are doing good financially?

Everytime they issue debt they are losing money due to interest and they are using this to pay debt that they already had

I can understand doing this if its only a couple of million but were talking about 13+ billion.

They are losing money left and right as long as they have debt that they have to pay interest on. Stock prices don't mean **** because they are arbitrarily determined while debt is tangible.

[Best in Boxing]

Is that why they are building a 350 million dollar, 20,000 seat arena in Vegas with AEG?

Checks doesn't know what he's talking about half the time.

[Mitchell Kane]

I read in another thread MGM is supposed to be in some kind of exclusive deal with Golden Boy and the Mandalay Bay so that's off the table for Top Rank.

I know they have an exclusive deal with Barclays (although they're allowing Provodnikov-Algeri there), didn't know they had one for Mandalay Bay.

[Biolink]

I know they have an exclusive deal with Barclays (although they're allowing Provodnikov-Algeri there), didn't know they had one for Mandalay Bay.

Might have been that one, sorry for talking out of my ass. Still MGM owns a load of important properties it seems.

[-Kev-]

People saying is MGM's loss, or venues don't matter...MGM brings money, it's not just a location promoters like to hold fights in because the surrounding areas has nice lights, it brings money because of the casinos. Of course it matters.

[A-Wolf]

Pacquiao would have to be a ****ing idiot to stay with this guy. He now has overwhelming grounds to get away from Top Rank. Arum is a ridiculous liability. FCS, move the **** on Manny!!!

[WESS]

Doesn't matter, Bob will go back to wanting to build his special stadium while needing more time aka Pacs last fight.

[dc3383]

Exactly. If they pushed the Pacquiao fight to their bigger property it's on them.

There would have been no conflict with Mayweather-Maidana at Mandalay Bay.

No The MGM Grand is the 4th rated MGM property behind The Belliagio The Aria and the Vdara The Mandalay Bay is ranked #6 with The Siganture at MGM Grand being in front at #5.