Wednesday, January 6, 2010
Floyd Mayweather-Manny Pacquiao Talks 'Ongoing'
Posted on 6:19 AM by BalotSports
The proposed megafight between Floyd Mayweather and Manny Pacquiao still was unclear following Tuesday's nearly nine-hour meeting between the fighters' representatives and a mediator, retired federal judge Daniel Weinstein.
Top Rank Promotions CEO Bob Arum and his stepson, Top Rank president Todd duBoef, were among the first to emerge from the session, which took place at Weinstein's Santa Monica office of Judicial Arbitration and Mediation Services (JAMS) and included members of each side's legal representation.
Arum, who promotes Pacquiao, indicated to FanHouse's David Whitley, who was in Santa Monica, that the parties were instructed by Weinstein not to comment.
Later, Oscar De La Hoya, president of Golden Boy Promotions, and Golden Boy CEO Richard Schaefer emerged with others.
"No comment, no comment," said De La Hoya. "By the judge's order, no comment."
A gag order is in place for the participants of the meeting, which began at 9:30 a.m. local time and ended shortly before Arum and duBoef emerged at approximately 6:10 p.m.
One source with knowledge of the talks said, "The negotiations are ongoing."
It is unclear if that means that the parties will return and resume talks on Wednesday.
Pacquiao has filed a defamation of character lawsuit seeking damages in excess of $75,000, contending that the Mayweather camp has damaged his reputation by demanding that both fighters be randomly drug-tested using urinalysis as well as blood work.
The suit, filed on Wednesday, is seeking compensatory and punitive damages from Schaefer and De La Hoya of Golden Boy Promotions, as well as Floyd Mayweather Jr., Floyd Mayweather Sr., and the fighter's uncle, Roger Mayweather.
Pacquiao is being represented by the Los Angeles-based law firm, O'Melveny and Myers. An attorney from the firm, Dan Petrocelli, filed the suit on the Pacquiao's behalf. A partner of Petrocelli's was present at the mediation session.
Mayweather's camp, which Pacquiao says has accused him of using steroids, initially wanted the Olympic-style, random blood-testing to be done by the United States Anti-Doping Agency, but has softened its stance on that notion.
Neither Pacquiao nor Mayweather has ever tested positive for any banned substances, but the blood-testing procedure -- random or otherwise -- never has been used to detect illegal drug use in boxing.
Source: Lem Satterfield | boxing.fanhouse.com
Top Rank Promotions CEO Bob Arum and his stepson, Top Rank president Todd duBoef, were among the first to emerge from the session, which took place at Weinstein's Santa Monica office of Judicial Arbitration and Mediation Services (JAMS) and included members of each side's legal representation.
Arum, who promotes Pacquiao, indicated to FanHouse's David Whitley, who was in Santa Monica, that the parties were instructed by Weinstein not to comment.
Later, Oscar De La Hoya, president of Golden Boy Promotions, and Golden Boy CEO Richard Schaefer emerged with others.
"No comment, no comment," said De La Hoya. "By the judge's order, no comment."
A gag order is in place for the participants of the meeting, which began at 9:30 a.m. local time and ended shortly before Arum and duBoef emerged at approximately 6:10 p.m.
One source with knowledge of the talks said, "The negotiations are ongoing."
It is unclear if that means that the parties will return and resume talks on Wednesday.
Pacquiao has filed a defamation of character lawsuit seeking damages in excess of $75,000, contending that the Mayweather camp has damaged his reputation by demanding that both fighters be randomly drug-tested using urinalysis as well as blood work.
The suit, filed on Wednesday, is seeking compensatory and punitive damages from Schaefer and De La Hoya of Golden Boy Promotions, as well as Floyd Mayweather Jr., Floyd Mayweather Sr., and the fighter's uncle, Roger Mayweather.
Pacquiao is being represented by the Los Angeles-based law firm, O'Melveny and Myers. An attorney from the firm, Dan Petrocelli, filed the suit on the Pacquiao's behalf. A partner of Petrocelli's was present at the mediation session.
Mayweather's camp, which Pacquiao says has accused him of using steroids, initially wanted the Olympic-style, random blood-testing to be done by the United States Anti-Doping Agency, but has softened its stance on that notion.
Neither Pacquiao nor Mayweather has ever tested positive for any banned substances, but the blood-testing procedure -- random or otherwise -- never has been used to detect illegal drug use in boxing.
Source: Lem Satterfield | boxing.fanhouse.com
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