Top Rank, GBP face mediation

Manny Pacquiao will be given the opportunity to hear the proceedings when the warring parties – Top Rank and Golden Boy Promotions (GBP) – face mediation this Wednesday in Santa Monica, California.
“We will have a line open to (Pacquiao adviser) Michael Koncz,” Arum told the Bulletin Tuesday from Las Vegas.
Koncz, a Canadian, is the Filipino fighter’s key adviser when it comes to delicate matters like fight negotiations and other pertinent issues.
Arum will lead Top Rank in the talks with his step son Todd DuBoef and a topnotch lawyer joining them as well. Mayweather will likely be represented by GBP Chief Executive Officer Richard Schaefer and possibly Mayweather advisers Leonard Ellerbe and Al Haymon.
The mediation is scheduled to begin at 9:30 am of Tuesday (early Wednesday morning in Manila) with retired federal judge Daniel Weinstein on hand to make sure the two groups agree on a compromise agreement with the staging of Pacquiao’s fight with Floyd Mayweather scheduled March 13 tops on the agenda.
Mayweather is demanding that Pacquiao undergo random blood testing as a prerequisite for their mega fight.
Pacquiao, however, has lashed back at Mayweather and GBP owner Oscar De La Hoya and Schaefer, filing a lawsuit for defamation for the allegedly nasty allegations that they peddled to the media the past couple of weeks.
Arum said the main objective of the mediation is to save the fight owing to the tremendous response it has been getting from the general public.
Pacquiao and Mayweather are guaranteed to receive $25 million each. Both stars stand to earn as much as $40 million once everything – pay-per-view and closed-circuit viewing sales and gate receipts – are counted.
It was also Weinstein who arbitrated the 2007 dispute between Top Rank and GBP over promotional control over Pacquiao, who had signed with Top Rank and GBP, but later pledged his allegiance to Top Rank.
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