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Mayweather-Pacquiao fight almost a done deal

The resolution of these two issues could shorten the time needed to wrap up the talks by next week or in the next 10 days, a source close to a negotiating party revealed.

“We’re making progress,” a boxing authority involved in the talks told the Los Angeles Times on Friday, Lance Pugmire writes.

The same source said the location or venue of the fight would be the MGM Grand Garden Arena in Las Vegas, Nevada.

The drug testing issue that led to the collapse of previous talks has reportedly been resolved, the official who is privy to the ongoing talks said. No details of the drug testing agreement between the parties have been disclosed.

It appears that the purse sharing mechanism has not been established at this time but Pacquiao has stated that he is willing to accept a lower share for the sake of the fans who are begging for the fight to happen.

Early last month Mayweather surprised everyone when he announced in a CBS/Showtime interview that he had accepted Pacquiao’s challenge and even mentioned May 2 as the date he wanted the fight to happen. View Mayweather’s announcement here.

The timing of the fight remains a big hurdle as Mayhweather isn’t giving up on his set date of May 2.

Pacquiao’s promoter Bob Arum said that it will coincide with Cinco de Mayo, a Mexican independence gathering that will make the potential Canelo Alvarez-Miguel Cotto fight fitting for this special Mexican occasion. Read more:

Meanwhile, Pacquiao keeps himself busy with his Kia Sorrento basketball team and in the next two weeks he will be traveling to England to honor the invitation of Prince Harry. From London, he will proceed to Florida to act as one of the judges in the Miss Universe beauty contest.

If the ongoing negotiations are completed in the next 10 days, there is a possibility that he would be signing the fight contract with Mayweather before returning to the Philippines ..

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