Solar says Pacquiao still has 2 years in contract

ABS-CBN News

Posted at Mar 16 2009 05:57 PM | Updated as of Mar 17 2009 01:57 AM

Contrary to a newspaper report, a top official of Solar Entertainment Corporation on Monday said Filipino boxing champ Manny Pacquiao is not severing his ties with the company since his contract will not expire until 2011.

In a press statement, Solar COO Peter ChanLiong denied a Philippine Daily Inquirer report that said the prized pugilist is mulling a transfer to a giant TV network due to perceived problems with the troubled sports channel.
 
“In response to [PDI reporter] Musong Castillo’s article concerning the television coverage of the upcoming Pacman vs Hatton Fight in the Philippine Daily Inquirer dated March 16, 2009, Solar reiterates that the company has over two years remaining on a four-year license agreement with Manny Pacquiao and MP Promotions expiring on May 6, 2011 which remains in full force and effect," ChanLiong's statement read.

"It is Solar’s decision as to which television network it wishes to air Pacman’s fights. As customary courtesy, Solar advices Pacman on the television network to be used as the host broadcaster, however Solar has the final decision per our legal prerogative as the rights holder.”  

The Inquirer report, quoting unimpeachable sources, said Pacquiao's camp is very close to striking a new deal with a giant network after doubts surfaced over Solar Sports' ability to mount an expensive coverage.

It noted that Solar Sports postponed a fight card featuring Pinoy boxers Nonito Donaire and Brian Viloria because sponsors could only commit a bigger budget in the second quarter of the year.

Pacquiao's recent fights were beamed locally by Solar Sports through GMA-7. The Inquirer report said ABS-CBN Broadcasting Corp., which carried most of Pacquiao's fights in the early part of his career, is one of the leading contenders to land the broadcast contract.