Golden Boy CEO: No need to rush planned Pacquiao-Marquez bout

source: gmanews.tv

Top Rank Promotions appear confident Manny Pacquiao is set to blow Sugar Shane Mosley away in their World Boxing Organization (WBO) welterweight title fight two weeks from now.




Otherwise, what’s the rationale behind the promotional outfit’s formal written offer for Mexican nemesis Juan Manuel Marquez to fight the world’s top pound-for-pound fighter six months from now?

Golden Boy Promotions Chief Executive Officer (CEO) Richard Schaefer in an interview by veteran ESPN boxing columnist Dan Rafael said from the looks of it, Top Rank appears taking lightly the May 7 title bout with Mosley, a three-time world champion himself.

“What’s the urgency of locking in Pacquiao’s October fight before he has fought Mosley? I just find the timing strange that you would do that before a big promotion. Maybe Top Rank discounts Shane’s chances. Maybe they just feel it’s important to have that opponent lined up for Manny now."

It was also Schaefer who disclosed about the offer tendered by Top Rank on Marquez, who has yet to agree to a new contract term with Golden Boy after his previous deal with the outfit expired last February.

Schaefer said the formal offer was made last April 21 and was given by Top Rank’s lawyer to the attorney of Golden Boy.

“Part of the deal includes a rematch provision in case Marquez would win," said Schaefer. “So Pacquiao could potentially be tied up for quite a while."

The Golden Boy executive added that financial terms were also covered by the offer, including guaranteed purse and the possible share of the pay-per-view profits to be received by Marquez.

Schaefer said Golden Boy has already talked to Marquez, 36, about new terms of his contract and possible fights under the company owned by the great Oscar De La Hoya.

But Marquez is holding up until now, understandably since the camp of the Mexican veteran is still hoping of landing a rich, third fight with the fighting congressman from the Philippines.

Schaefer, however, pointed out that despite Marquez remaining unsigned, Golden Boy still holds a right to match any offer from other promotional outfits at least until February 2012.

The stained relationship between De La Hoya and Top Rank chairman Bob Arum has time and again denied the final chapter to a supposed to be Pacquiao-Marquez trilogy.

The two boxing stars drew their 2004 title encounter notwithstanding the three knockdowns Pacquiao scored against Marquez in the opening round.

In their 2008 rematch, Pacquiao was fortunate enough to eke out a controversial split decision in a fight not a few boxing experts believed Marquez won.

Top Rank refused to comment on the offer it made to Marquez.

“I have no comment on anything regarding Marquez. We have said that Marquez would be one of the possible opponents for Pacquiao after the fight with Mosley if he is successful against Mosley on May 7. But I have no comment. I am concentrating on promoting a fight on May 7," said the Top Rank president Todd duBoef. - RCJ, GMA News



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