GBP represents Mayweather in the potential March 13 showdown. Technically, GBP's client is Manny Pacquiao. Check out their website (Link), they proudly list the WBO welterweight champion as one of their fighters. Every time Pacquiao fights, GBP gets a percentage of the earnings of the Philippine-based fighter. We surmise this fee sums up to a seven-figure commision if there is indeed a March 13th mega-showdown. Top Rank is the Filipino's lead promoter, but GBP is a partial promoter - a partner. In 2007, around the time of the Marco Antonio Barrera fight, Oscar de la Hoya snagged Pacquiao into GBP supposedly by giving him a briefcase of cash. Manny signed the contract. Top Rank and GBP went to court, and eventually agreed to a settlement. The boxing aquarium is small and there are two big gold fishes always fighting over fish food and oxygen. Top Rank and GBP would co-promote Pacquiao, and Oscar's boys get a cut of the financial pie so that its brotherly fraternity could eat pugilistic pizza.
"For what seemed like ages, two promoters dueled in court and in the press for the rights to Pacquiao. Golden Boy Promotions and Top Rank Inc. eventually went into mediation, agreeing to share Pacquiao for all bouts involving an opponent from the Golden Boy stable." bscene id#13111
That's how negotiations go. You never give in at once. Even if a lower price is already fine for the seller, he will always fight for every single cent to make it sway into his favor. That's just how it is. It's not being a cheat or a coward. It's a battle of wills and of bargaining skills.
Im not saying what they did was cowardly or cheating. Mayweather probably felt i gave up 14 days and gave into who you wanted tested. You need to come down more. :think
Yes I know GBP are part owners. But I remember Pac is suing GBP to rid himself of his representatives that have not shown he is in their best interest. And yes, Floyd stopped negotiating during mediation. Floyd killed the fight.
GBP represents Mayweather in the potential March 13 showdown. Technically, GBP's client is Manny Pacquiao. Check out their website (Link), they proudly list the WBO welterweight champion as one of their fighters. Every time Pacquiao fights, GBP gets a percentage of the earnings of the Philippine-based fighter. We surmise this fee sums up to a seven-figure commision if there is indeed a March 13th mega-showdown. Top Rank is the Filipino's lead promoter, but GBP is a partial promoter - a partner. In 2007, around the time of the Marco Antonio Barrera fight, Oscar de la Hoya snagged Pacquiao into GBP supposedly by giving him a briefcase of cash. Manny signed the contract. Top Rank and GBP went to court, and eventually agreed to a settlement. The boxing aquarium is small and there are two big gold fishes always fighting over fish food and oxygen. Top Rank and GBP would co-promote Pacquiao, and Oscar's boys get a cut of the financial pie so that its brotherly fraternity could eat pugilistic pizza. Don't care either way.
:huh edit: OK, I got now. So how low should have been Team Pac's initial counter offer, if you were the one in there?
You have to remember that these people are professional fighters who have fought since they were children. This is their job. They dont fight each other because they dongt like each other. They fight the fights with the highest payoff,set against the least risk.Sometimes they fight fights that are extremely risky simply because the pay-off is so huge. As much **** as Floyd talks,he always compliments the guys he fights AFTER he fights them. A lot of people get suckered in by his trash talk,just like people back in the 60s and 70s got suckered in by Alis trash talk. People "hate" Floyd,they buy his fights.He gets lots of money and then compliments his opponents after the fight. And people KEEP falling for it. As for Pacquaio,I dont think he ever seems to have any ACTUAL bad feelings towards any of his opponents. Always smiling at the weigh in,and the ring walk. Its like the Pac-Man always says "Just doing my job". Thats all it is to these fighters,people...a job
That statement is not detailed. Both got cuts of the financial pie only when pac is fighting a GBP fighter, otherwise only top rank gets the cut as a promoter.