Filipino boxing champion Manny Pacquiao has reportedly changed his mind about cutting ties with Solar Sports Entertainment, according to the firm.
In a statement on Saturday, Solar Sports claimed that it has successfully convinced the boxer to return to its fold after resolving their misunderstanding.
“Solar Entertainment Corporation, Manny Pacquiao and MP Promotions, are happy to announce that in the spirit of utmost good faith, the parties have favorably resolved their unfortunate misunderstanding. Manny and MP Promotions have agreed to honor the television rights agreement and fully comply with the terms and conditions therein,” the company said in its statement.
Solar Sports Entertainment further claimed that Pacquiao’s fight with Hatton will be shown on GMA-7 and Solar Sports.
“We are happy that now he can concentrate on preparing for his fight with Ricky Hatton on May 3 to be shown on GMA-7 and Solar Sports. Preparation for the fight should be his priority,” it said.
Solar made the announcement after its president Wilson Tieng and chief operating officer Peter Chanliong flew to Los Angeles Friday night to try to iron out their problems with Pacquiao.
Pacquiao earlier decided to rescind his contract with Solar Sports after it reportedly failed to settle its dues to the boxing champion at the time specified in their contract.
He then renewed his ties with ABS-CBN Broadcasting Corp., which previously aired some of his fights locally.
Solar Sports, however, claimed that the company has fulfilled all its financial obligations to Pacquiao.
In response to this latest development, ABS-CBN Broadcasting Corp. said it has a signed contract with Pacquiao for the airing of his next fights, but that it would respect his decision if he changes his mind.
"Manny Pacquiao approached ABS-CBN to be his media partner in airing his next fights. We thank him for trusting us. He signed a contract with us, but we will not stand in the way if he decides to change his mind," ABS-CBN Corp. said. "We respect it, wish him good luck and we wait to hear from him."
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