by Pablo Fletes, notifight.com

Francisco "Paco" Valcarcel, president of the World Boxing Organization (WBO), has serious doubts that a mega-fight between Floyd "Money" Mayweather Jr. and Manny Pacquiao will get finalized for May 2nd at the MGM Grand in Las Vegas.

"When I see the [contracts] signed, then I'll believe this fight will happen. I do not see it for May, perhaps for September, but only when they sign and have the press conference with both of them...then it is done. Until then I will say that the fight won't happen," Valcarcel said.

"There is the rivalry between Showtime and HBO, with one fighter on each side. Showtime made a large investment in Mayweather, HBO is making a large investment in Pacquiao. They are talking, negotiating. The two fighters were on a basketball court together, but until I see the signed contracts and they make the press conference, I will say that the fight is not going to happen."