Arum: "GBP is trying to stop Pac-Margarito when they're entitled to 25% of profits.."

[SuckaPunch]

excerpts from Kevin Iole's article today
Aug 20, 2010

Arum, though, pointed out that Golden Boy still has a piece of Pacquiao and will be entitled to 25 percent of the profits from Pacquiao’s side from the Margarito fight.

“Given that Oscar is saying Margarito should be banned for life, ask him if he’ll accept the profits from the fight,” Arum said. “If he does not, I will guarantee that I will donate the entire amount to charity.”

http://sports.yahoo.com/box/news?slu...ingnotes082010

[spidey17]

Basically they want to stop the fight so that they can replace Margarito with Marquez.... Thus they make more money since they are the promoters of Marquez and I guess as the article says take 25% of the profits from the Pacman side

[Carpe Diem]

lol. Show me the money!

[Russian Crushin]

excerpts from Kevin Iole's article today
Aug 20, 2010



http://sports.yahoo.com/box/news?slu...ingnotes082010

Ouch Oscar being called out on his own "theories"

Obviously he cant accept money from a fight that he condemned, or can he?

[The Big Dunn]

Basically they want to stop the fight so that they can replace Margarito with Marquez.... Thus they make more money since they are the promoters of Marquez and I guess as the article says take 25% of the profits from the Pacman side

Exactly. Not that difficult to see.

[War Dinamita]

Where are all the idiots who say DLH doesn't make money off Pacquiao?

[Frank Ducketts]

Any fighter who pays a promoter who makes 25% off of a boxer who only owns a piece of him when that fighter already has to pay his own promoter needs to be taken out back and shot. Either someone is lying, or you guys don't know your arithmetic lol...

[Frank Ducketts]

How does GBP's earn 25% of PAc, when Arum has a percentage to be taken off the top as well? WTF is going on with boxing fans lol... 5% if anything is what GBP's is entitled to lol...

[zero188]

how is golden boy making a profit from pacquiao?

[Biolink]

25?

I wonder sometimes do these promoters realize what is actually coming out of their mouth, when they reveal stuff like this.

Then again, Bob Arum probably doesn't read Boxingscene. Because if he did he wouldn't have said that