Pac vs ODLH: Pac declines offer

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Boxing News -- Fightnews.com : EkElyuZFVyyNKZYJlZ

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No go for Pacman-Oscar fight!
Wednesday, August 13 2008
By Nick Giongco
Manny Pacquiao has decided to stay at lightweight and defend his WBC 135-lb crown after turning down an offer by Golden Boy Promotions (GBP) for a Dec. 6 fight in Las Vegas, lawyer Franklin Gacal said in a statement released early Thursday morning. "I have been informed that Oscar De La Hoya is firm with the 70-30 revenue sharing and won't budge in to the 60-40 split we have counter-offered. I find the offer of GBP unconscionable hence unacceptable. It would have been an honor to fight De La Hoya on his last fight capping a very illustrious boxing career but under the circumstances, the option left is to move on. I have already made specific instructions to my lawyer to start negotiating with Bob Arum for my next fight with any possible opponent at 135 lbs," said Pacquiao. Gacal said what Pacquiao wanted was a fair share of the mega fight and apparently, Oscar De La Hoya is making an offer that he knows is unacceptable," Gacal told fightnews.com.It is certain that Pacquiao will face Humberto Soto of Mexico sometime in November in Las Vegas.