Arum Cautions Pacquiao Being His Own Promoter
Manny Pacquiao’s former promoter cautions the fighter on being both a boxer and promoter at the same time.
Pacquiao ended his long term relationship with Top Rank following his 2017 loss to Jeff Horn, and now is looking to promote his challenge for the World Boxing Association welterweight title against Lucas Matthysse at the Axiata Arena in Kuala Lumpur, Malaysia.
“Well I’m glad that he pulled this off and it should be a very, very good fight, and I understand the Philippine President (Rodrigo Duterte) is coming to watch the fight,” Arum told The Manila Times via overseas call.
“It is very, very complicated in the sense you got to watch the money, and you got to watch what you are spending, how much you are going to take in and you cannot do it emotionally that’s why I’m afraid for Manny,” said Arum said of Pacquiao splitting himself between being a fighter and promoter.
“He acts more out of emotions than he does you know, which what a bookkeeper would do to look at the money that’s coming in. I don’t know how much money he is going to make from this fight. I hope he is satisfied, but it is very, very difficult to be a fighter then being your own promoter.”
Arum explained that the Senator needs serious professionals to run his business.
“Oscar (De La Hoya) did it for just a couple of fights, Mayweather did it a little longer, but Oscar had a whole group including (Richard) Schaefer in backing him,” said Arum, referring to De La Hoya who promotes Matthysse under the Golden Boy Boxing banner.
“When he was a fighter, he didn’t attend to business, you know. He was a fighter and the fights were promoted in the name of Golden Boy at the end, but it wasn’t Oscar really promoting it. Now Manny, because he is Manny, he wants to do everything and that’s not good.”
Arum said that no fighter has succeeded in doing both.
“No fighter can do both. Mayweather didn’t do both. Mayweather had (Al) Haymon and other people handling the finances and details of the promotion. Manny is trying to do everything and that’s impossible. I mean it is great that he is a nice guy, but that’s not okay when you are doing business,” he added.
“I’m very friendly with Manny. I have been in his corner and there’s no animosity whatsoever. If there’s an animosity, would I let my people go and help him? Animosity? none at all.”
Initial Report: The Manila Times