LAS VEGAS — Amid the speculation over the end of Top Rank’s relationship with Philippine senator Manny Pacquiao, CEO Bob Arum breaks his silence to ABS-CBN News, clarifying rumors that his company is no longer working with the Filipino boxer.
Arum says while he is not promoting Pacquiao, he still maintains a business relationship involving the TV distribution of Pacquiao’s upcoming fight against Argentina’s Lucas Matthyse in July.
Arum says that besides being a good friend of Pacquiao, he has a special agreement with the fighting senator of the Philippines.
“I didn’t go over to the Philippines and Malaysia but my side guy was there. He thinks that everything is well. The Malaysian people put up the money so it should be a good event and we are gonna handle the distribution of the television both in the United States and other places in the world. We are gonna use our expertise to raise as much money by the sale of television rights, there’s nothing wrong with that that is the right way to do it.”
Arum adds that it was manny himself who requested to fight in asia to avoid paying millions of dollars in taxes to the I.R.S.
When asked about Pacquiao’s bitter-sweet parting with his long-time coach, Freddy Roach, this is what Arum had to say.
“That’s a decision that the fighter has to make. Whether he is getting the best training possible communicating. He hasn’t closed the door for Roach, but I don’t think he will be using him for this fight in July.”
The Pacquiao versus Mathysse fight on July 15th in Malaysia will air live on July 14 in US time zones.
Meanwhile, Top Rank’s new protege, Jerwin Ancahas, will be fighting in Fresno. Ancahas was originally planned to fight at the Mandalay Bay event center.
The Ancahas vs. Sultan fight is tagged as one of the most anticipated fights, as both Filipino fighters will be headlining the world junior Bantamweight title match.