Promoter Bob Arum invited investors from Falcoln Hawk Entertainment, a group which includes 83 year old Joseph Jackson (father of the musical family), to his palatial home in Las Vegas last Monday to discuss the Mayweather-Pacquiao Super Bout.
Arum confirmed to me on Friday afternoon that Falcoln Hawk, which also includes veteran music promoter Donny Rucker and which got entree to the Mayweather camp through Floyd’s uncles Jeff and Roger, is making a serious offer to land the so called Fight of the Century.
But, Arum said, two others group will also make detailed, comprehensive offers and, from the Pacquiao side, the proposals will all be carefully vetted by Herb Allen’s powerhouse Wall Street investment banking concern, Allen & Company.
Arum said the historic, astronomical millions of dollars involved call for such extreme, painstaking financial care.
“You’re not talking about some $5 million fight here,” Arum said minutes before the Antonio Margarito-Miguel Cotto rematch weigh in at Madison Square Garden. “If it was another $5 million fight, we could do that, put that together, in our sleep. But it’s not.”
Arum was tightlipped about details on the other two well-heeled bidders. But Rucker, 68, said he and his group are ready to dole out sizable “deposits” to both Manny and Floyd as an inducement to sign a bout contract.
Rucker said the face to face meeting of Agent Koncz and Mayweather “broke the ice.”
According to Rucker, one condition of making the big fight would be for Pacquiao to drop his defamation lawsuit against Mayweather. Rucker said that was discussed.
“Floyd was very friendly to Koncz, he showed him some Southern hospitality in that meeting. They spoke while Floyd was wearing his trunks and gloves but he was extremely friendly to Koncz and a guy named Cesar, a Filipino guy who came to the gym with Koncz.
“Was Joe Jackson at the meeting? Yes, he was, he absolutely was there. I think Koncz was very amazed at how nice Flod was to him that day.”
(As he spoke to me, Rucker informed me that Jackson, at age 83 three years old than Arum, was back in the musical family’s hometown, Gary, Indiana.)
“I’ve got a call in to Al Haymon now and I am waiting to hear back from him,” Rucker told me in a telephone interview. “We’re ready with money for both fighters. We’re giving money to Floyd first and then to Manny.
“This is boxing. Sometimes, they say it’s not about the money, but it’s always about the money. But we had a good powwow at Floyd’s gym, for sure. We know it is absolutely about the money and we recognize that these two great fighters must get paid equally in recognition of their stature.”
Rucker also revealed his group is looking at Memorial Day weekend to do the Super Bout and that they are keying in on Las Vegas, Miami and Cowboys Stadium in Dallas (where Pacman has fought twice for stadium and NFL team owner Jerry Jones).
But Arum, who was huddling with Koncz in New York on all the offers, said the process might not move that swiftly.
“That’s where and why we bring in Herb Allen’s company,” Arum said.