Manny Pacquiao Update!

November 11, 2008 ·

By Dennis Principe


Apparently, the sanction fee which was initially reported as being charged on Manny Pacquiao for the Oscar De La Hoya fight is actually an amount that the Filipino fighter owes to the World Boxing Council from a previous fight.

Last Friday in Chengdu, China, WBC president Jose Sulaiman read a statement during their convention castigating Pacquiao adviser Michael Koncz who reportedly reneged on their promise to pay the sanction fee for the David Diaz fight last June.

“First, the WBC has a rule that all Champions and challengers must pay a 3% sanction fee to the organization; they humiliated the WBC by questioning the pending $ 30,000 dollars in his fight against David Diaz, which he himself promised to pay many months ago, but now Mr. Koncz is informing us that he has to talk with the Promoter to see if they are paying or not such money,” said Sulaiman.

In the same statement Sulaiman revealed that Pacquiao, or at least among his handlers, are already targeting a fight either against Ricky Hatton or Floyd Mayweather, Jr. after the De La Hoya fight.

In acknowledging their hold of the WBC lightweight crown, the Pacquiao camp asked permission to allow the Filipino champion to hang on to his WBC belt in fighting De La Hoya. In return, Pacquiao offered to pay $20,000. Sulaiman however considered the amount as some sort of a “dole out”.

“Second, they requested permission to fight Oscar De La Hoya, with the WBC approval. In this fight we estimate that he might make more than Ten Million Dollars and he offered to pay only $ 20,000, like if the WBC were beggars. The WBC rules are very clear regarding WBC Champions fighting without defending his title,” said Sulaiman.

Sulaiman added his concern regarding other ranked fighters of the lightweight division should they allow Pacquiao to hold onto his crown by fighting either Hatton or Mayweather, Jr. after the De La Hoya fight.

“Which means that the WBC must freeze the WBC Lightweight title for more than a year, taking away all opportunities to all fighters who are fighting everyday to win and fight for the title, to find that there is a barrier and they can not,” Sulaiman said.

The WBC leader then announced that a unanimous voting among delegates of the 164 nations present in China grants Pacquiao 15 days to pay $30,000 that they promised before the fight against Diaz.

“In regards with his fight against Oscar De La Hoya, instead of the 1.5% that he must pay, which are half of the 3% stated in the rules, he must pay $100,000 as sanction fee if he wants to keep the title of the WBC,” added Sulaiman.

In ending his statement Sulaiman clarified that their intention is to protect fighters while at the same time help destitute boxers.

“The WBC has nothing against boxers, as we have a pension plan to help with food and medicine many ex-boxers in the world; the WBC is only working for the safety of boxers and not one single member officer of the WBC gets any compensation from the WBC or boxing whatsoever,” said Sulaiman.

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