Boxing’s Lost Opportunities: The Arum-Pacquiao Contractual Debacle
10 Jun 2007
World class boxing is primordially powered by Adam Smith’s laissez faire economy. The most-sought matches by the paying fight fans call the day for big time money. Thus, mentally-engraved tussles like Ali-Frazier, Leonard-Duran, Leonard-Hearns, de la Hoya-Trinidad, de la Hoya- Mayweather (better remembered for its hyped than its boring engagement) Pacquiao-Morales I, II, & III were hungrily feasted by the ticket-waving hysterical crowd, and the saliva-punctuated screaming pay-per-view spectators.
But call it legal miscalculation, negligence, bad-faith, or whatever blunders, a money-churning fight will go to the garbage-bin because of the contractual machination as seen on the part of Top Rank’s promoter Bob Arum and the financially-seduced boxing sensation Money.. er Manny Pacquiao who could not distinguish between a contract and an autograph. Because of the perceived contractual hijacked by Arum, he now faces a court litigation from Golden Boy Promotions (GBP) top honchos’ Oscar dela Hoya and Richard Schaefer who were adamant to be swayed by an amicable settlement. Since the duo believed they stand on the moral ground that their outfit was the first to extract the first meeting of mind with Pacquiao -- who is still lucky he was not sued as a respondent on this civil case.
Since damaged had been done, everybody on this brouhaha is a loser as the clock ticks, and the day commences.
Affected here are the fights fans who had been deprived of the joy any Pacquiao’s bestial bravado’s against either elite Juan Manuel Marquez or Marco Antonio Barrera can bring. They were treated instead to that ticket and pay-per-view grabbing “highway-robbery” brought by the less entertaining Pacquiao-Solis hoo-hum.
Affected here are Golden Boy and the Pacman who should be basking on the overwhelming revenue raising fight with Marquez or Barrera could deliver months ago.
Affected here is Bob Arum who will be legally constrained to cough-up hundreds of thousands if not millions of dollars of moral damages in case the California Court finds him patently, mockingly, and grossly in bad faith in what many considered as the greatest “heist” of the present times in the fist industry.
With this unforgivable and unmitigating breach of contract even an elementary graduate can understand, Pacman is likened to a pariah. He keeps looking for a big fight, but big fights keep shunning him since any of its imprimatur -- if one talks about the who-is-who in the super featherweight -- is under GBP’s behest.
Recently, GBP CEO Schaefer mockingly said that not even half of the crowd who watch the breathtaking Marquez-Barrera clash could not be superseded by the crowd who saw the “useless” Pacquiao-Solis fight last March in the same venue in Texas, USA.
Arum looks pathetic as he randomly picks and flips flops to less appealing opponent for Pacquiao and the less attractive locations like Mexico, Macao, and the already scheduled Marquez-Jorge Barrios match this September 15 under the auspices of GBP at the MGM in Las Vegas. If I’m not wrong, only the Republic of Timbukto remains the venue unexplored by Bob.
As what Pop-Jazz duo England Dan and John Ford Colley belt’s: Where do we go from here?
Indeed, where do we go on this uncertain Pacman’s odyssey my dear old man Bob?
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