MikeLigalig.com

By Alex P. Vidal/ PNS

LOS ANGELES, California – Did somebody commit a mea culpa by prematurely disclosing that International Boxing Organization (IBO) light welterweight champion Manny Pacquiao would soon relinquish the title after fighting Miguel Angel Cotto on November 14 to duke it out with Floyd Mayweather Jr. in a rich transaction in March 2010?

This question surfaced in the boxing circle here after Top Rank chief Bob Arum recently announced the 30-year-old Pacquiao (49-3-2, 37 KO’s) “may no longer pursue Mayweather” but will instead square off with Shane Mosley in his next fight before the May elections in the Philippines if he will dispose of Cotto  (34-1, 27 KO’s) in a 12-round fracas at the MGM Grand in Las Vegas, Nevada.

“It appears the first round of negotiation with Team Mayweather bogged down due to disagreement in sharing of purse,” said sources from La Brea on 3rd St. here who refused to be named because they were not authorized to say something about the deal which has been going on even before Mayweather silenced Juan Manuel Marquez in 12 rounds last September 19 in Las Vegas.

Sources said both Pacquiao and Mayweather would have bankrolled at least $20 million (about 940 million in Philippine money) each but Team Mayweather reportedly “wanted the bigger slice of the pie” after the unbeaten African-American fighter dislodged Marquez and his reputation has been deodorized once again after a 21-month hiatus.

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