Bob Arum Says Decision on Pacquiao-Mayweather Match Due Next Week

Leo ReyesAnalyst IJune 23, 2010

LAS VEGAS - NOVEMBER 13:  Manny Pacquiao throws mini boxing gloves to the crowd before the weigh-in for his upcoming bout against WBO welterweight champion Miguel Cotto at the MGM Grand Garden Arena on November 13, 2009 in Las Vegas, Nevada. Pacquiao and Cotto will meet in a WBO welterweight title fight at the MGM Grand on November 14. Pacquiao weighed in at 144 pounds and Cotto weighed in at 145 pounds.  (Photo by Ethan Miller/Getty Images)
Ethan Miller/Getty Images

Boxing promoter Bob Arum says a decision on the much talked-about fight between Filipino boxer Manny Pacquiao and undefeated American boxer Floyd Mayweather, Jr. is due to be announced this coming week.

Arum, who has reportedly arrived in San Antonio, Texas for the popular match between Julio Cesar Chavez, Jr. and John Duddy of Ireland, appealed for patience as he is trying his best to make the fight happen.

A powerhouse supporting bill for the Chavez-Duddy match includes a comeback fight for legendary Mexican boxer Marco Antonio Barrera against Adilton de Jesus of Bahia, Brazil. reports:

“We will have a resolution to this within the month,” Arum said from San Antonio, Texas, where he is promoting a card this weekend starring Julio Cesar Chavez, Jr., now being trained by Freddie Roach.

“Patience, patience, patience,” said Arum, who has been in the thick of negotiations with Golden Boy Promotions regarding what is expected to be the richest fight in boxing history

Earlier, Golden Boy Promotions owner Oscar de la Hoya said the fight is almost a done deal but Golden Boy's CEO Richard Schaefer said his boss was misquoted.

At least two major issues remain unresolved in the on-going fight negotiations that include the sharing of the fight purse and the drug testing protocol.

On the random blood and urine test issues, Pacquiao has agreed to a 14-day testing window but rejected the offer of Mayweather for a 60-40 sharing of the fight purse.

The match, which Bob Arum said is the boxing event the world wants to see, may take place this November possibly at the MGM Grand Garden Arena in Las Vegas, Nevada.