MANILA, Philippines – Top Rank promotions chief Bob Arum has bared his reasons for being hesitant in dealing with Oscar de la Hoya’s Golden Boy Promotions (GBP), especially when it comes to Manny Pacquiao.
“There'll always can be fights [between Top Rank and GBP],” Arum told FanHouse.com’s Elie Seckbach. “But you have to understand, Richard Schaefer and Oscar de la Hoya defamed Manny Pacquiao.”
De la Hoya is a majority owner of GBP while Schaefer is its chief executive officer (CEO).
Arum was referring to the hatchet job allegedly done by GBP against Pacquiao while they were negotiating for a Floyd Mayweather Jr. fight early this year.
GBP sided with Mayweather when the American boxer accused Pacquiao of using performance enhancing drugs (PEDs).
“Manny Pacquiao is dear to my heart, not because he's a great fighter and is very lucrative, that's true. But Manny Pacquiao is my friend, and anybody who defames my friend, I will treat as a piece of garbage,” said Arum.
The promoter’s statement is also a sign that another rematch between Pacquiao and GBP’s Juan Manuel Marquez is unlikely.
Just recently, De la Hoya accused Pacquiao of beating his opponents by forcing them to drain in weight.
He claimed that this is the reason why he was forced to quit against Pacquiao when they fought in December 2008. De la Hoya threw in the towel in the 8th round.
De la Hoya made the allegation as he appealed for a third fight between Marquez and Pacquiao.
‘Mayweather-King tandem good for boxing’
Arum, meanwhile, said that if reports of Mayweather teaming up with Don King are true, then it will be good for the sport of boxing.
“If Floyd Mayweather signs with Don King, I think it will be a boon for boxing,” he said.
GBP currently has the promotional rights over Mayweather’s fights.
Arum believes it will be easier for him to negotiate for a Pacquiao-Mayweather superfight if the undefeated boxer signs up with King.
“It would make his promotion bigger that it already is, and I would certainly welcome Don's participation,” said Arum.