DEFENDING World Boxing Organization (WBO) welterweight champion Manny Pacquiao will fight undefeated American and reigning WBO junior welterweight champion Chris Algieri on November 22 in Macau, China.
Pacquiao (56-5-2 win-loss-draw record with 38 knockouts) will stake his welterweight title when he collides against Algieri (20-0 win-loss record with eight knockouts). The fight will take place at the Cotai Arena at the Venetian Hotel in Macau.
“I have to talk to my lawyer, Dan Pancheri, who will spit out the contracts first thing Wednesday morning so they can have a copy of it in the afternoon,” Top Rank Promotion boss Bob Arum told ESPN reporter Dan Rafael on Tuesday.
“We have a deal. On my end, it wasn’t a hard deal at all. I came up pretty much with what they were looking for and then Joe and Artie had to sit down with Algieri and cut it up fairly amongst themselves,” Arum added.
Pacquiao, 35, beat Mexican-American Brandon Rios via unanimous decision in Macau in November 2013. He then avenged his previous loss to American Timothy Bradley in April also by unanimous decision victory in Las Vegas, Nevada.
Arum did not disclose the fight terms and amount of prize money but assured that both boxers would be happy with the deal.
Arum said that the 30-year-old Algieri would be receiving more than 10 times of his previous fight purse when he defeated Ruslan Provodnikov in June 14 in Brooklyn, New York for the WBO junior welterweight crown.