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Philippines, 10 Feb 2026 |
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SCHAEFER CLAIMS "A WEB OF LIES" (Updated Version) By Ronnie Nathanielsz PhilBoxing.com Fri, 15 Jun 2007 Golden Boy Promotions CEO Richard Schafer’s says there were "lots of lies" during the taking of the deposition of Manny Pacquiao in Los Angeles Thursday by the lawyers of Golden Boy Promotions. Schaefer's comments were in stark contrast to Top Rank promoter Bob Arum’s claims in an interview with Michael Marley of Boxing Confidential that Manny Pacquiao “did great” and “just told the truth.” While attending the continuation of the deposition Friday, Schaefer in a brief statement to Viva Sports/Manila Standard Today said "I am simply amazed on the web of lies." He said it was all "very, very disappointing" but expressed confidence that eventually "the truth will come out." Pacquiao's friend and confidant Rex "Wakee" Salud who arrived from Los Angeles on Thursday revealed that Pacquiao had been briefed by his lawyers a day before his deposition was taken and that Canadian adviser Michael Koncz was making sure that Pacquiao's statements favored Arum. Koncz has long been suspected of being the eyes and ears of Arum in Team Pacquiao. Arum whose famous line - I lied yesterday but today I am telling the truth - came to mind when he said he was "very impressed" with Pacquiao's showing. However, Schaefer said he was “convinced” Golden Boy will win its lawsuit against Arum for “tortuous interference” for signing Pacquiao to a four-fight contract and giving him $1 million some two months after he had signed a seven-fight contract with Oscar De La Hoya and received $500,000. Because of their confidence that they will win the court case, Schaefer indicated an out-of-court settlement “will be difficult” but promised he would be “open-minded.” Under the legal system in California a retired judge seeks to try and bring both parties involved in a lawsuit together to reach a settlement without having to go to trial and Arum has been pushing for a settlement. In an unusual twist to the tug-of-war between Golden Boy and Top Rank for the promotional rights to the Filipino ring idol, Viva Sports/Manila Standard Today learned that Salud had met with Schaefer before leaving for Manila and that even Pacquiao's lawyer Franklin "Jeng" Gacal had also contacted Schaefer and spoke to him. However, there were no details about their discussions. A Team Pacquiao insider revealed that Pacquiao knew what was going on and didn't object even as there was a growing sentiment in the Pacquiao camp that Arum couldnt deliver the big money fights since all the worthy and attractive opponents were with Golden Boy including Juan Manuel Marquez, Marco Antonio Barrera, Joan Guzman, Edwin Valero, Rocky Juarez and others whikle Arum only had Humberto Soto who Pacquiao said wouldn't last three rounds if they met. Despite the media hype over Pacquiao’s desire to avenge the defeat of younger brother Bobby Pacquiao who was mauled by Soto before being knocked out in Madison Square Garden last Sunday and stories that big Vancouver businessman wanted a Pacquiao fight no matter who the opponent was and reports that Macau was also in the running, no announcements have been officially made about a site or an opponent. Click here to view a list of other articles written by Ronnie Nathanielsz.  |
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