ARUM: Pacquiao nemisis Marquez is misinformed or financially illiterate

Discussion in 'World Boxing Forum' started by tarugojones, Jan 8, 2011.


  1. tarugojones

    tarugojones Boxing Junkie Full Member

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    Bob Arum, who it must be conceded is one of the two best 79 year old boxing promoters extant, thinks that disappointed Manny Pacquiao "suitor" Juan Manuel Marquez is either woefully misinformed or financially illiterate.
    Juan Ma, the Mexican counterpuncher now making some waves as a boxing commentator in his homeland, was angling for a third bout against archrival Pacman. But Arum said he recieved much lower purse bids from both unbeaten Americans Andre Berto and bigger name Sugar Shane Mosley and so the Pinoy Idol will fight Mosley May 7 at the MGM Grand Hotel in Las Vegas.
    Here's what Crybaby Juan Ma told Jhonny Gonzalez of ***********.com:
    "We accepted everything they put on the table, including the weight, and then they were requesting that Golden Boy Promotions stays away from the negotiations. All of their conditions were accepted, but they refused. It was one thing after another....nothing but excuses," Marquez said.

    In other words, Marquez said Arum's persistent stance that the fighter overpriced himself are wicked lies.
    "I don't know what Marquez is talking about," Arum said Friday by phone from Las Vegas, "and neither does he.
    "The package they (Golden Boy) wanted was more than double what Marquez got fighting Mayweather, a fight he lost. It was absolutely double that amount.

    "For Floyd, Marquez earned $3.2 million plus a dollar for every PPV TV home above a million buys. That overage only got him another $20,000.
    "So now, for Manny, they demanded a package of $5 million guaranteed and $5 more for every buy over 500,000 homes."
    Believe Arum or not, he claims he's got it all writing, the back and forth with GBP. (By the bye, Juan Ma also picked up $600,00 when Mayweather came in two pounds heavier than agreed to.)


    "This is irrefutable because it was all done on e-mail. There's no doubt here. This is not he said, she said, you said, it's all in the e-mails."

    Finanical wizardry has never been part of the Marquez camp as evidenced by Arum's experience as the promoter for JMM back in 2006.
    Marquez and manager-trainer Ignacio "Nacho" Beristain were offered a career-high purse of $750,000 for a second bout against Pacman. The Mexicans demanded double that to match what they believed Pacman was being paid.
    The rematch was not made and Juan Ma made a foolish trip for a foolish fight in a parking lot in Indonesia where, for a measly $50,000, he lost a 12 round unanimous decision to formidable homeboy Chris John.
    I touched on other topics in my first 2011 Arum rundown, as follows:
    Tickets for Mosley-Pacquiao will go on sale in about 10 days.
     
  2. nip102

    nip102 Boxing Addict Full Member

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    Bob Arum "yesterday I was Lying, today I am telling the truth"
     
  3. cesare-borgia

    cesare-borgia Übermensch in fieri Full Member

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  4. mrjotatp4p

    mrjotatp4p THE ONE Full Member

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    x2 If you ask me Bob Arum is the main reason the Mayweather/ Pacquiao fight didn't happen. Shane left GoldenBoy and got the fight. The **** is deeper than what we all think. Manny still has to pay GoldenBoy when he fights and if Manny fights a Goldenboy fighter Arum loses even more money.
     
  5. FORMIDABLE

    FORMIDABLE Boxing Junkie Full Member

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    This is no secret. What he got for Mayweather and what he wanted for Pac is not hard to look up.

    Ok, the demand for a $5 million garauntee was only a little fanciful, and I'm sure Arum would've been willing to negotiate down to $4 million.

    What's really unbelievable is that they could insist on the $5 for every PPV over 500K demand, with it being public knowledge they accepted $1 for every PPV over a million for Floyd

    What did they base these demands on?

    They were basically saying, given that the last Pac-Marquez fight did around 500K buys, that anything over 500K this time round should be mostly attributed to Marquez and his box office appeal, which drew a massive 4,900 or so fans to his last bout. It's illogical and all based on greed.

    Pac was able to do 750K PPV buys on his own vs Clottey and in his last fight managed to pass 1.15 against a cheater in a fight that was thought to be despised by many fans. Marquez deserves nowhere near the PPV upside he is seeking.

    And they went straight to $5 of every buy as opposed to the $1 they got from Mayweather. These guys are expecting charity, knowing full well the problems TR have with GBP (who are stealing money from TRs % of Pac's fights aswell) and with little to none negotiating power. Makes you question if they even wanted the fight or if they were only using Pac to try and build Marquez's name for fights with Morales (which I always knew was going to happen) and Khan.

    Arum may talk a lot of ****, but he's entirely in the right here.
     
  6. nuketurnal

    nuketurnal N-Bomb Full Member

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    good points
     
  7. PH|LLA

    PH|LLA VIP Member Full Member

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    The case that Arum is making is that Marquez after his major loss to Floyd deserves less money than he did before that loss, yet he is asking for alot more.

    Marquez is he's as confident as he thinks should fight Pacquiao for a lower purse knowing fully well that if he beats him he will make mega millions in his next fights.

    Put the likelyhood is that JMM is trying to cash out while he still can which is why he won't settle for less
     
  8. whoupicking?

    whoupicking? Boxing Junkie Full Member

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    How much did margarito get for fighting pac having been sparked out already by mosley?
     
  9. PH|LLA

    PH|LLA VIP Member Full Member

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    I really don't know but that's neither here nor there. Floyd is a comparable draw to Pacquiao while Mosley is not.
     
  10. FORMIDABLE

    FORMIDABLE Boxing Junkie Full Member

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    I reckon an offer of 4 million and $1 of every PPV over 750K or
    3 million and $2 of every PPV over 750K gets it done

    Amazing GBP can be so smug as to expect to get the fight on their ludicrous original demands
     
  11. whoupicking?

    whoupicking? Boxing Junkie Full Member

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    This makes no sense. Pac is confident of beating floyd yet he wouldn't accept anything less than a 50/50. So what are you going on about?

    You always talk about double standards, yet you willingly use them yourself.
     
  12. whoupicking?

    whoupicking? Boxing Junkie Full Member

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    Margo made 5 million, same what marquez was asking. So how come a cheat can get that sort of money, while an honest boxer like marquez can't. I mean it not like margo had a belt?
     
  13. FORMIDABLE

    FORMIDABLE Boxing Junkie Full Member

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    Margo got 3 Million garaunteed and a reported 3 million from the PPV. Things that need to be taken into account there are that he was a TR fighter and it was an in-house fight. Jerry Jones let Arum host the fight for free and may have paid him some millions in garaunteed cash to fight in Texas. That meant Arum could afford to be a little more liberal with the purses. There is no use comparing what Margo got to what Marquez wants. Totally different circumstances.
     
  14. PH|LLA

    PH|LLA VIP Member Full Member

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    how come Margo made 5 million against Pac while Marquez made 3.2 against Floyd? Fact is Margo hired Arum as his promoter while Marquez did not. If Marquez was a top rank fighter, you could make that comparison but he isn't.

    And anyways if those numbers are correct Marquez asking for alot more than 5 million since he wants 5$ for every PPV sale above 500K.

    So it's not double standards, you're just unable to compare things in their proper context.
     
  15. FORMIDABLE

    FORMIDABLE Boxing Junkie Full Member

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    In reality Marquez is asking for $7.5 million(if the fight does 1 million PPV) up to $10 million(if it does 1.5 million PPV)

    He is not simply asking for $5 million as you guys are making out. To put that into perspective, like I said Margo got a total $5-6 million all up, and he was a TR fighter, Arum didn't have to split the profits with anyone, there were no hosting fees, and Jerry Jones garaunteed some millions I believe.