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ARUM RIPS GOLDEN BOY CONTRACT FOR DONAIRE-MARES
By Ronnie Nathanielsz
PhilBoxing.com
Wed, 30 Jan 2013
Top Rank promoter Bob Arum has ripped the contract submitted by Golden Boy Promotions CEO Richard Schaefer offering ?Fighter of the Year? Nonito ?The Filipino Flassh? Donaire $3 million to fight WBC champion Abner Mares in June in a signed contract sent to Arum?s lawyer David Marroso.
Arum told the Manila Standard that ?Nonito knows ? and he?s nice boy and realizes it ? that because of HBO he has been able to fight four times on television last year and that enabled him to become ?Fighter of the Year?. It would be the essence of disloyalty on his part and on my part if we allowed a fight with Nonito and Mares to be on Showtime? which is considered the much smaller network on which Mares? fights are telecast.
Arum also pointed that Schaefer knows that ?June is not a possible date for Nonito because (his wife) Rachel is scheduled to have a baby in June? and he made it very clear weeks ago that June-July were out.
The astute Top Rank promoter cited a provision in the contract which he said states if the fight doesn?t push through ?for any reason, there?s no liability and he walks away. Look what they snuck in there.?
Arum added, ?in other words he promises $3 million go down that road and then he can?t get that from a network and he realizes the fight isn?t worth $4 or $5 million he just walks away with no liability!?
The Top Rank promoter disclosed ?we have a commitment on April 13 to HBO which we are going to honor and we are going to make an announcement on the fight shortly, probably by the end of the week.? Several weeks ago Arum told us Donaire?s opponent would be WBA champion Guillermo Rigondeaux. The former Cuban Olympic gold medalist.
Arum revealed that Donaire ?is going to make his biggest purse in that fight and so we go on from there? having received a $1 million purse for his last fight in which he scored a 3rd round knockout of four division world champion, Jorge ?Traviseo? Arce of Mexico last December 15 at the Toyota Center in Houston, Texas.
Click here to view a list of other articles written by Ronnie Nathanielsz.
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