Pacquiao Okays 60/40 Terms for Mayweather Fight; $200M Deal on the Table [WATCH VIDEO]
Filipino boxer Manny Pacquiao has agreed to the terms for a match against Floyd Mayweather Jr., including the 60/40 split in the $200 million purse. All that’s left is Mayweather’s approval. Read on for further details.
Top Rank boxing promoter Bob Arum has announced that eight-division champion Manny Pacquiao has given his go signal for a 60/40 division of revenue on the $200 million bout with Floyd Mayweather Jr. Pacquiao has also agreed to the terms forwarded by the Money May’s camp.
It’s been confirmed that the much-touted match is taking place at the MGM Grand Arena in Las Vegas on May 2, 2015.
All that remains now is Mayweather’s approval for the fight to take place.
“I want to get some movement here, with bringing Mayweather to the table so we can go out and get everything signed and get the networks together and get the thing finished,” Arum told Yahoo! Sports.
Arum stressed he is doing everything humanely possible to ensure the super fight pushes through, avoiding incidents that occurred in the last five years when both the Mayweather and Pacquiao camps were unable to come to an agreement on terms.
“I want this fight to actually happen. I want everybody to make a lot of money on the fight. I want the public to be satisfied. And I think it will be a terrific event. That’s what I want, and I’ve done everything in my power to make that happen,” Arum added.
Pacquiao has reportedly been reasonable during negotiations and has even agreed to an $80 million take home share, leaving the bigger payday to Mayweather.
All that’s left is Mayweather’s signature on the contract and the fight that’s been nearly six years in the making will finally happen.
Here’s a video on the ongoing negotiations:
Give us a shout out if you’re as excited as we are, and stay tuned for more celebrity and entertainment news here at Movie News Guide (MNG).
Photo Source: Wikimedia Commons/Ganglandboss via Akira Kouchiyama