Pacquiao’s $20-M price staggers Arum

  • Page Views 2428
  • 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

    • 29 July 2021
      3 days ago No comment

      With multiple medals, Tokyo 2020 an Olympic banner year for Philippines

      The Philippines will finish with multiple medals in the ongoing Olympics. This means that the Tokyo 2020 Olympics will represent a banner year for the country. The Philippine Daily Inquirer observed that this will be the first time since the Los Angeles 1932 Games that the Philippines will win ...

    • 22 July 2021
      1 week ago No comment

      Lolit Solis hints at Kris Aquino’s possible run in 2022

      Will Kris Aquino run in the national elections in 2022? This was the question of veteran entertainment journalist Lolit Solis who promised to vote for Kris should she decide to run in the national elections next year. But Lolit advised Kris not to run for mayor in Quezon City ...

    • 22 July 2021
      1 week ago No comment

      Philippines administers 15.6 million COVID-19 shots

      The Philippines has administered 15.6 million doses against the COVID-19 virus. Harry Roque, spokesperson of President Rodrigo Duterte, shared this number in a media briefing Wednesday (July 21). Of the 15.6 million does administered by the government, Roque said 10,585,261 million persons got their first dose. As well, 5,031,301 ...

    • 17 July 2021
      2 weeks ago No comment

      First Nations peoples condemn tweet on Church burnings

      At a press conference in Vancouver, Pentecostal assistant minister Jenn Allan-Riley, a 60s scoop survivor whose mother attended residential school, called for the wave of church arsons to stop. She adds that “Burning down churches is not in solidarity with us Indigenous people. As I said, we do not ...

    • 17 July 2021
      2 weeks ago No comment

      Paki-Ayos: A New Service for Filipinos in Canada

      Paki-Ayos Services Inc. will do errands for you in the Philippines Do you need something done in the Philippines, but air fare, accommodations, and pasalubong cost too much for you to go back home? A new service, Paki-Ayos, is here to help. Forget about going on a very expensive ...

    %d bloggers like this: