- Arum said the Pacquiao-Khan fight in UAE has been cancelled
- The $38-M offer from an unnamed investment group reportedly failed to materialize
- However, Arum has another offer for Pacquiao, but with a different opponent
MANILA, Philippines – It’s too good to be true – this is how promoter Bob Arum described the potential multi-million bout between Filipino champ Manny Pacquio and British boxer Amir Khan.
The Pacquiao-Khan fight was earlier planned to be held in the United Arab Emirates (UAE) this coming April. Unfortunately, the fight has been cancelled as the $38-M offer failed to materialize.
In an interview with the Los Angeles Times, Bob Arum said he already warned Pacquiao’s camp that the offer is a ‘pie in the sky’ which is not going to happen.
“When they contacted me, I told them it was pie in the sky, that this is crazy, it’s not going to happen,” said Arum.
“Manny wanted to roll the dice. He rolled the dice and it came up snake eyes,” he added.
Arum did not say why the deal was cancelled but a separate story on Business Insider claimed the $38-M offer from an unnamed UAE investment group which both Pacquio and Khan’s camp have been pursuing for months turned out to be a fake.
“If something is too good to be true, it’s too good to be true. That deal is done for now. They were talking to the wrong people,” Arum said; referring to Pacquiao and his manager, Michael Koncz.
The sum was so ‘outlandish’ and made no sense at all, he added.
Arum said he has sent another offer to the Pacquiao camp for a fight with a different opponent – not with Khan – which could take place in July.
However, he declined to name Pacquiao’s potential next foe until the Filipino boxer-turned-politician review the details of the fight.