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A source close to the Floyd Mayweather-Manny Pacquiao negotiations confirmed Saturday's $25 million offer from the Dallas Cowboys' owner, Jerry Jones, to host the March 13 megafight in Cowboys Stadium.The offer was first reported by The Los Angeles Times.
"I agree with that statement," said Top Rank CEO Bob Arum, when informed that Golden Boy Promotions' Richard Schaefer told The Los Angeles Times "The numbers are going in the right direction and I believe we'll end up in excess of $30 million."
"I just agree," Arum reiterated. "We will end up with a guarantee that starts with a three."
With virtually all other sites having been eliminated, the Cowboys' stadium is primarily in competition with the MGM Grand in Las Vegas, which, like Texas, is a favorable state because it will not tax the fighters' purses.
Schaefer is representing Mayweather (40-0, 25 knockouts) -- a Las Vegas resident -- and Arum represents Pacquiao (50-3-2, 38 KOs), although Arum's stepson, Top Rank president Todd duBoef, is handling the negotiations for their organization.
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