Pacquiao should pressure Arum, says GBP exec

Posted at 05/03/2012 12:17 PM | Updated as of 05/03/2012 4:40 PM

MANILA, Philippines – Golden Boy Promotions (GBP) President Richard Schaefer said Filipino boxing champion Manny "Pacman" Pacquiao should pressure his promoter, Top Rank's Bob Arum, into making a mega-fight against the unbeaten Floyd Mayweather Jr.

During the press conference promoting Mayweather's May 5 fight against Miguel Cotto, Schaefer said that he knows Pacquiao will "never turn down anyone."

"I know Manny Pacquiao is the kind of fighter who wants to fight everyone, who will never turn down anyone. He wants to fight the best," Schaefer said.

"So I know if this fight is not gonna happen, it's not because of Pacquiao. It's because of his promoter, Bob Arum. And so, it's gonna be up to Pacquiao to really put the pressure on his promoter and give clear instructions to Bob," he added.

The Pacquiao and Mayweather camps engaged in negotiations again earlier this year, but talks fell apart after they failed to agree on the split of pay-per-view revenue.

Pacquiao has said that he will be willing to take a lesser guaranteed purse for as long as he gets an equal share of the pay-per-view revenue, which is expected to break all existing records.

Mayweather refused to budge, however, claiming that Pacquiao did not deserve an equal share.

Schaefer said that Golden Boy and Team Mayweather are still not going to negotiate the pay-per-view split with Team Pacquiao.

"We are not going to negotiate that. I think you have to look at the numbers. Who produces the bigger numbers, who produces the pay-per-view, bigger gate numbers, more sponsorships, foreign sales, all of those things," Schaefer said.

"Wherever you work, not everybody makes the same money. There are some people (who) make more and some people makeless. It basically goes as to what I refer to as market value," he added.

Mayweather shares the record for the biggest selling pay-per-view event in history, as his May 2007 battle against Oscar De La Hoya sold a record 2.4-million pay-per-view buys.

Schaefer has gone on record saying that he expects Mayweather-Cotto to be the biggest pay-per-view event since Mayweather-De La Hoya, but is not sure if May 5's fight will end up breaking the record. Report from Bev Llorente, ABS-CBN News Las Vegas