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Bob Arum, CEO and chairman of Top Rank Promotions, has recused himself from the negotiations with Golden Boy Promotions' Richard Schaefer for the March 13 megafight between Floyd Mayweather and Manny Pacquiao, selecting president Todd duBoef to do so in his place. Arum promotes Pacquiao (50-3-2, 38 knockouts), a seven-division champion, and Schaefer is representing Mayweather (40-0, 25 KOs), a five-time champion. They are set to fight at the welterweight (147 pounds) limit for the WBO belt Pacquiao won Nov. 14 via a 12th-round TKO over Miguel Cotto.
Arum said that his move is in response to Schaefer's abruptly canceling Wednesday's scheduled trip to Arlington, Texas, where he, Schaefer and HBO Sports President Ross Greenburg were to meet and tour with Cowboys Stadium owner Jerry Jones, who was going to make a bid to host the bout.
Arum said that he already had scheduled a 7:30AM flight to Texas when he received Schaefer's call on Tuesday night, shortly before sitting down to his 78th birthday dinner party with friends at his Las Vegas home.
"I am so emotionally sick over this thing that I wash my hands of the negotiations completely. And I gave it Todd to save this thing. I told him that he can deal with them," said Arum of duBoef, his son-in-law. "I'm not dealing with them anymore. Todd duBoef will be talking to them. As I said, I wash my hands completely of this whole thing."
Arum indicated that Schaefer has eliminated the Falcons' Georgia Dome, the Superdome in New Orleans, the Thomas & Mack Center in Las Vegas, as well as a 30,000-seat outdoor stadium that is being constructed in Las Vegas, as possible sites.
"Jerry Jones had been very good about it. He canceled an appointment that he had and changed his whole schedule around. Schaefer sent me a new draft of the contract and he says to me that it has to be at the MGM Grand and nowhere else. Why?" asked Arum.
"I think that Richard Schaefer must have an agenda, because I just don't deal with people that way. I feel totally humiliated," said Arum. "I really don't think that Floyd Mayweather has anything to do with it. Do I know for sure? No. But I can't see why Floyd would have an agenda here. I just can't see that."
Schaefer's administrative assistant said the Golden Boys Promotions' chief is not commenting on any the situation.
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