A group of boxing promoters from the United Arab Emirates (UAE) that announced in 2014 that they are willing to put up $120 million just for the mega bout between Manny Pacquiao and Floyd Mayweather Jr. to push through said that it is now canceling the offer.
M. Akbar Muhammad, who once worked with legendary boxing promoter Don King, dangled the offer to Mayweather (47-0 win-loss card with 26 knockouts) in November to entice the unbeaten American to finally fight the Filipino ring icon in UAE.
“We want to deal with se- rious individuals, individuals who have the ability to make a decision,” Muhammad told boxingscene.com on Wednesday. “Regrettably, that is not the case with Mr. Mayweather.”
“The Abu Dhabi group is serious, and I will not allow them to dangle an inordinate amount of time. Now that time has come, and the offer is gone,” he added.
Pacquiao’s long time business manager Eric Pineda said that Pacquiao didn’t receive that offer from the UAE group.
“I had no any idea about that offer and even the Top Rank Promotion didn’t inform us about that offer,” Pineda, also the team manager of KIA team in the Philippine Basketball Association, told The Manila Times in a phone interview on Wednesday.
“We are expecting even before that it won’t happen because Mayweather won’t fight outside the US although there are many offers from different places to both fighters to fight,” added Pineda. “But I believe the negotiation in that super fight remains alive.”
Pineda said that the super mega fight between Pacquiao (57-5-2 record with 38 knockouts) and Mayweather will not happen on May 2 if an official contract was not signed by both camps at the end of this month.
“If Mayweather won’t sign the contract or there’s no any new development until January, the super mega bout, I guess, is now over for May 2,” said Pineda.
“Manny will not wait for him because there are many opponents available.”
“Unless Mayweather ask for more time to negotiate, I think this fight will no longer happen.”
Top Rank Promotion chief promoter Bob Arum meanwhile said that both Pacquiao and Mayweather camps are still negotiating for the fight.