Arum: Pacquiao-Hatton dispute being resolved
The Manny Pacquiao-Ricky Hatton negotiations are back on track, according to Pacquiao’s promoter, Bob Arum.
Arum spoke with Pacquiao’s advisors and said a disagreement over the split of the purse – Pacquiao wants 60-40, Hatton 50-50 – is being resolved and he expects the fight to take place on May 2.
“Everything is going ahead,” Arum said calmly a day after he had set a deadline of Wednesday to finalize a deal. “We’re working toward resolving it. Everything is good. It’ll be 50-50.
“It will be resolved tomorrow (Thursday). Or, if not tomorrow, the next day.”
The sides had agreed to the 50-50 split earlier, several sources said. That included the blessings of both Arum and Freddie Roach, Pacquiao’s trainer, who acknowledged that an even split was fair because of Hatton’s drawing power in his native Great Britain.
Pay-per-view revenue there would dwarf the money generated in the Philippines, where fights are shown primarily on free TV.
Still, Pacquiao’s advisors apparently changed their minds and demanded 60-40 at the last minute.
Naturally, that didn’t sit well with Hatton and his advisors.
“I have to tell you: Hatton’s patience is wearing thin,” said Richard Schaefer of Golden Boy Promotions, Hatton’s promoter. “I feel it really could be 60-40 in Hatton’s favor because of the huge revenue he generates in the UK. Frankly, he brings more from the UK than Pacquiao brings from the Philippines.
“A lot of people in the Philippines will watch the fight. It’s like China, though. You might have 50 million people watching but it will generate only $20,000. That number would be higher in the Philippines but it pales compared to what Hatton will generate in the UK.”