Floyd Mayweather Jr. and Manny Pacquiao's promoter Bob Arum haven't always seen eye-to-eye, but Arum revealed Friday that he helped get the undefeated boxing legend out of a potentially sticky situation 13 years ago.
As seen in this video courtesy of ESPN's Highly Questionable with Dan LeBatard and Bomani Jones, Arum discussed a situation involving Mayweather and rap promoter James Prince, who also managed Mayweather prior to Arum:
According to a transcript of the interview provided by Chris Yuscavage of Complex.com, the Top Rank founder recalled a 2003 incident that led to him paying Prince $600,000:
We were at dinner one night and I got a call that there was a disturbance in my gym. Floyd apparently had asked us not to do a fight in October but to do it in December after James Prince's contract with him had run out. The disturbance in my gym was that some people came over, with or without the knowledge of James Prince, and proceeded to break a couple of heads of people in Mayweather's camp with baseball bats. So the gym was splattered with blood. Floyd came to my office the next day and he said, 'Prince wants his money from the fight that's coming up.' I said, 'Fine, if that's what you want. I'll write him a letter of credit.' Floyd said, 'Prince don't do no letters of credit. You better send the cash.' So I wrote a check, and I made a contract with Prince's lawyer and he got paid the money that he said he was entitled to as Floyd's manager.
Despite having to fork over such a large sum of money, Arum didn't speculate on why Mayweather was so insistent on the $600,000 being paid out so quickly:
"Whether (Mayweather) was afraid or whether he was doing the right thing, that's for Floyd to determine," Arum said. "This was the percentage of Floyd's purse that Prince would have been entitled to."
Arum promoted Mayweather until 2006, when "Money" jumped ship to Oscar De La Hoya's Golden Boy Promotions. The 49-0 fighter ultimately started his own company, Mayweather Promotions, which he worked under until his retirement following last year's victory over Andre Berto.
Mayweather and Arum had a falling out, which led to Mayweather accusing his former promoter of underpaying him.
They were on opposite ends of the table for many years when negotiating a potential fight between Mayweather and Pacquiao, and while it took longer than expected, they were finally able to make it happen.
Arum remains fairly tight-lipped about the Prince incident despite his contentious relationship with Mayweather, and while only a select few people truly know what happened, it seems as though Arum diffused what could have been a nasty situation.
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