Top Rank promoter, Bob Arum, has announced that the mega-fight between Manny Pacquiao vs Floyd Mayweather will no longer push through. This announcement came after long hours of mediation session from both camps.
Although neither side was allowed to provide specifics of their dispute, Mayweather apparently resisted at a hard-fought compromise in the testing issues first raised by the former welterweight champion.
"I knew this was going to happen," said a weary Bob Arum, Pacquiao's promoter. "You had to play it out."
The promoters went into the hourlong mediation Tuesday hoping to reach an agreement on the drug testing issue for the fight. Mayweather's camp demanded random blood testing in addition to unlimited urine testing, with Pacquiao resisting at the stringent requests.
"I've been saying this for years: He's a psychological coward who doesn't want to fight anybody who has a chance of beating him," Arum said. "He walked away from a rematch with Oscar (De La Hoya) that would have paid him a fortune because De La Hoya held him close in the first fight (in May 2007)."
Arum said there's "no chance ever of salvaging it for March, no chance for it ever to happen." He plans to propose a mid-March bout with 154-pound champion Yuri Foreman to Pacquiao, who could become a champion in his eighth weight class.
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