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Pacquiao vs. Bradley 2 final presser: Bob Arum rails rival promotion

Joseph Herron Updated
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If Bob Arum and Top Rank didn't realize that a lot was riding on this Saturday night's PPV event before arriving to the MGM Grand in Las Vegas, Nevada, they do now. Although Manny Pacquiao and Tim Bradley are slated to fight at the MGM's Grand Garden Arena this weekend, faces of Floyd and "El Chino" were seen scattered all over the venue.

The Hall of Fame promoter took exception to the MGM Grand's "unintentional" slap in the face, and vented his frustration during this afternoon's final press conference.

"That's why this place isn't making a profit and merely paying off their debts with each event," exclaimed Bob Arum.

"Instead of promoting this weekend's fight that's taking place in their facility, they decided to hang posters of a 12 to 1 mismatch that isn't happening until next month," referring to the May 3rd bout at the MGM Grand between Mayweather vs. Maidana.

"Don't take a promoter's word whether or not it's going to be a competitive fight. Look at what the sportsbook has to say about it. Every fight on this PPV is at 2 to 1 odds, at least. How many fights on the other card are at 2 to 1 odds?"

Throughout the entire press conference, the "Bobinator" showed no quarter as he praised the efforts of HBO and dismissed Showtime's next big PPV event.

"All of boxing's biggest stars have been and are currently cultivated on HBO," stated the CEO of Top Rank, Inc.

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"There's no comparison. The other guys really can't compete with the best premium network on television, HBO."

The "other guys" actually did quite well last year.

In 2013, Showtime aired the largest grossing PPV event in the history of the sport since the medium was invented, which was "coincidentally" staged at the MGM Grand Garden Arena. "The One: Mayweather vs. Canelo" grossed nearly $150 million in revenue, generated from 2.2 million PPV buys.

According to the Nevada State Athletic Commission, the September 14th, 2013 event also generated an all-time record gate of $20,003,150.00 from 16,146 tickets sold.

In comparison, Top Rank elected to take a gamble by staging Manny's big November 23rd comeback at "The Venetian" in Macau, China, and lost big in the 2013 PPV market. The "Pacquiao/Rios" HBO PPV only drew 475K buys and generated roughly $30 million in gross revenue.

After the Pacquiao/Rios event last year, Mark Taffet, president of PPV for HBO, stated that events originating from overseas usually do between 30% to 40% of the buys compared to similar events that originate from the U.S., and that the sales for "Pacquiao/Rios" were not indicative of Manny's drawing power on the PPV medium.

Needless to say, there's quite a bit of pressure surrounding the performance of this Saturday night's PPV event.

Bob Arum closed the globally streamed media event by stating, "Whatever I said that was incendiary, I'm an old guy and I apologize."


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