One of these future competitive matches is the remake of the “Fight of the Century” featuring Mayweather and Pacquiao which garnered 4.4 million pay-per-view (PPV) buys valued at over $500 million in revenues, the highest in boxing history.
Arum has confirmed that there was indeed a settlement as earlier reported but the long-time promoter refused to divulge the details of the settlement.
“The stipulation of dismissal was filed in federal court in Los Angeles, and it’s a matter of public record,” Arum told ESPN.com. “We settled, but the terms of the settlement are confidential, and I’m not going to talk about it. I’d be pissed if they said anything about it, and I am not going to.” he added.
Except for their inputs in putting up the deal for the Mayweather-Pacquiao fight last May which was broadcast jointly by HBO and Showtime, Arum and Haymon have not actively participated in promoting fights together.
With the settlement and with both of them now in talking terms, fans will now be able to watch competitive fights featuring Haymon’s and Top Rank’s stable of fighters.
“We certainly hope that to be the case. I think in talking to Al Haymon, he wants that to be the case, and we do. So hopefully we’ll be able to put some good fights together, yeah,” Arum told BoxingScene.com.
While Arum has encouraged Pacquiao to concentrate on his task as a newly elected member of the Philippine senate, he opposed the idea of promoting the recently-concluded Pacquiao-Bradley trilogy as Pacquiao’s retirement fight, saying his top revenue earner may still continue fighting. Pacquiao is under contract with Arum’s Top Rank Promotions until 2017.
Last week Arum was quoted to have said that if Mayweather indeed wants to face Pacquaio for the second time, he needs to travel to Manila because Pacquiao is busy with his new job as senator.
“Let him come over to Manila [to talk about a rematch] and maybe Manny will take off from a session in the Senate,” says Arum. “If he comes to Manila, I’m sure the Senate will accommodate Manny.” he added.
Mayweather recently talked to Pacquiao’s longtime trainer Freddie Roach at the Wild Card Gym in Hollywood but Roach said they did not talk about the proposed rematch.
With the latest news about the Arum-Haymon amicable settlement, all indications point to a possible Mayweather- Pacquiao rematch which could happen early next year.
