It's just 2 weeks before the scheduled fight. If the license gets denied, I don't think Arum can just move the venue in such short notice. He should not expect all those who already bought tickets to fly to another state to watch the fight. He may have to go through some extra promotions to entice those in that state to attend the fight.
Why didn't they try to obtain that license way ahead in advance or does Margarito already have the license and NY just decided to suspend it pending the eye examination?
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