Pacquiao’s $20-M price staggers Arum

  • Page Views 1364
  • Promoter Bob Arum yesterday was unsure whether Top Rank can afford Manny Pacquiao’s staggering guaranteed asking price of $20-million for a fight with fast-rising American Terence Crawford, a fight many see as a risky one for the aging Filipino champ.

    “We’ll see,” Arum told the Bulletin from Los Angeles yesterday.
    Arum, 85, it seemed was not worried about Pacquiao facing Crawford, he appeared more to worry about whether Pacquiao can generate enough pay-per-view buys to meet the Filipino’s staggering price.

    Pacquiao’s camp had indicated that he plans to fight on April 22 against Crawford provided he is paid $20 million, an amount that was standard pay for Pacquiao’s standard fights – in the past.

    The Philippine Senate, where Pacquiao is a neophyte member, will be in recess beginning mid-March and will resume session in the first week of May, making it possible for Pacquiao to train in earnest.

    Arum says that save for Pacquiao’s historic meeting with Floyd Mayweather in 2015, a showdown that posted 4.4 million PPV buys, his PPV performances as of late haven’t been that enticing.

    In April last year when Pacquiao fought Tim Bradley for the third time, the PPV took a big blow as it only came up with 400,000 subscriptions.

    When Pacquiao fought the second time in November against little-known Jessie Vargas, the numbers again suffered a hit, just 300,000 buys. To make that fight happen, Pacquiao agreed to a massive pay cut hoping PPV will make up for the cut.

    Mike Koncz, Pacquiao’s longtime adviser, feels that the $20-m asking price is just right as this had been the 38-year-old regular purse except when he faced Vargas.

    This was Pacquiao’s guarantee when he went up against Juan Manuel Marquez, Miguel Cotto, Antonio Margarito and Shane Mosley when his PPV numbers hit the roof.

    Against Oscar De La Hoya in 2008, the PPV reached 1.25 million and his numbers improved even more against Marquez (third fight) at 1.4 million, Cotto at 1.25 million, Margarito at 1.15 million and Mosley at 1.3 million.
    Arum is actually in the process of finalizing his trip to Manila to discuss what’s on the horizon for Pacquiao. (N. Giongco, mb)

    Share

    New Posts Recently publish post More

    • 17 October 2017
      14 hours ago No comment

      Block by Block Explores Immigrant Experience

      Block by Block took place on Sunday, September 24, in one of Canada’s oldest immigrant neighbourhoods, Strathcona, Vancouver. The Block Party explored how immigrants managed to find a sense of belonging in Canada and engaged the local community in conversations about what it means to be a new settler ...

    • 17 October 2017
      16 hours ago No comment

      Filipino-Australian Artists Come to Vancouver

      Emily Carr University of Art + Design is pleased to welcome Filipino artists Isabel and Alfredo Aquilizan to Vancouver as the recipients of the Fall 2017 Audain Distinguished Artist-in-Residence. Isabel and Alfredo Aquilizan currently live and work in Brisbane, Australia. They have been collaborating for decades and through their ...

    • 17 October 2017
      18 hours ago No comment

      BoI reports investments up by 33%

      Investment pledges climbed 33 percent in the first nine months to P381.17 billion from P286.44 billion a year ago, the Board of the Investments said Tuesday. Trade Secretary and BoI chairman Ramon Lopez said the amount represented about 76 percent of the agency’s investment target of P500 billion for ...

    • 14 October 2017
      3 days ago No comment

      Pinay model plays role in raging Hollywood sex scandal

      Her Facebook fan page describes her as a mix of different nationalities: Filipino, Italian, Spanish, and Greek. Meet Ambra Battilana Gutierrez, the Filipino Italian model who had accused American film executive Harvey Weinstein of sexual harassment. Weinstein was a high-profile producer and executive, and now facing several allegations of ...

    • 14 October 2017
      4 days ago No comment

      Rebel in the Rye (PG )

      Catch 22! Sooner or later we all go to school. And love is gonna get ya – to coin a line from a classic 70s Rock tune. Love and school combine as Mongrel Media delivers the goods with Rebel in the Rye. Yes, countless films with school or literature ...

    %d bloggers like this: