Pacquiao-Matthysse Will Go On

After weeks of speculation of a potential cancellation, the fight between Manny Pacquiao and Lucas Matthysse is a go.

In an interview with ESPN, Golden Boy Promotions President Eric Gomez confirmed Matthysse’s purse,which was due in an escrow account over a week ago, had come through in full.

With several missed deadlines, Monday was the drop dead date for Pacquiao’s MP Promotions to pay the WBA welterweight champion, as Matthysse wanted to be in Kuala Lumpur at least two weeks before the fight to deal with the time change.

“The fight’s a go. There were some bumps in the road but everything is now in order and we’re excited. It’s a great opportunity for Lucas,” Gomez said. “This is his dream fight. It’s the fight he’s been talking about for five years now. Anytime you can fight a legend like Manny Pacquiao it’s a win.

“The money is in place. The money was supposed to be in an escrow account in the U.S. and now everything is good. It’s customary practice when you are fighting overseas to have the money in an escrow account and now the money is there. We’re excited to be working with Manny and his company, MP Promotions, and commend him for putting this fight together and making sure it comes off.”

An initial $500,000 payment was made following the fight announcement, but missed all deadlines to pay the full $2 million purse into the escrow account.

Last week more of the money was wired to the account and on Monday the rest was in place, Gomez said.

“I didn’t really pay attention to it, but I saw the headlines,” Matthysse told ESPN, through a translator, about the money issues. “I read a little bit about it, but I just kept training with the same desire I always have. I knew the fight would happen so I didn’t really pay attention to what was going on. I feel good and I am happy to be heading out there to Malaysia to defend my title.”

MP Promotions also missed deadlines to pay its American television partner, Top Rank, which would have covered production costs, marketing, and other expenses, including shipping Pacquiao’s preffered boxing ring from the United States to Malaysia. Arum confirmed that the money came through last week.

“That money paid last week to Top Rank, anywhere between $350,000 and $500,000,” he said. “We then immediately [went] to contract with Manny’s company, which would enable the fight to push forward in the U.S. for the telecast.”

“ESPN is up to speed on everything,” Arum said, as the network was set to produce the fight on Pay Per View, but due to missed windows, may air on ESPN or ESPN+.  “When the contract is signed with Manny and his company, then ESPN will announce what its plans are for the fight.”

 

Initial Report: ESPN

 

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