Mayweather vs Pacquiao: Contracts still not signed for May 2 fight

The battles continue between Bob Arum and Mayweather Promotions, with ESPN reporting earlier today that contracts for the May 2 Mayweather-Pacquiao fight still have not been signed, meaning that tickets still have not been given out or sold, and that the event is stuck in limbo at the moment, 11 days out from the fight.What, did you think anything would be easy?
Arum says that he received a new draft of the contract on April 15, and has not signed it because it differs from the term sheet that he, Mayweather Promotions, and the MGM all signed earlier this year to make the fight (seemingly?) official.
“We agreed that we would all be signatories on the final contract and then they sent us a draft of the agreement and it excluded us. … They don’t want us to have any say. So whether they came up with the deal between Mayweather and MGM before or after our agreement, they’ve committed fraud either way. That’s what we’re enmeshed in.”
Mayweather Promotions CEO Leonard Ellerbe says that Arum is doing his “typical” stuff:
“The bottom line is that Bob isn’t willing to live with the agreement signed a couple months ago, which doesn’t allow him to be in control. … This kind of behavior is one of the main reasons why Mr. Mayweather decided to move on with his own career [when he left Top Rank] and become vastly successful and make hundreds of millions of dollars on his own.”
Arum says he’s confident that the fight will still happen, as does Ellerbe. Arum believes that the governor of Nevada could step in on behalf of the gaming commission and make the event happen.
Anyway, this is the same type of story we’ve had since 2009, so what’s another week and a half, right? One way or the other, this fight will happen. There would simply be no coming back from being the party responsible for canceling this fight at this stage. (Or even being publicly seen as the party responsible.) Who’s pulling the power play? Who’s holding out for the most power they can get? Everyone? Anyone? No one? Whatever. Let’s get to fight night and find out what’s what. This could all be over by tomorrow. –

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