
Originally Posted by
Deanrw
The fight seems made now. Money alone was not the issue for Margarito. He just did not think Shane deserved a 50% split of the money.
By Mark Vester
According to Francisco Espinoza, co-manager of WBA welterweight champion Antonio Margarito, a deal has been reached for a title defense against Shane Mosley on January 24 in Las Vegas. There were ongoing negotiations for the last few weeks that broke down last Tuesday when Margarito, angry that Mosley wanted a 50-50 split, turned down the fight. Golden Boy Promotions tried to secure WBC champ Andre Berto for Molsey but there were numerous issues ranging from money to Berto losing his title for not making his mandatory obligation against Luis Collazo.
Espinoza told the usually reliable Notifight, that HBO, who put up a previous license fee of $4 million dollars, came to the table with a new offer late Friday night. Team Margarito went over the offer and approved it over the weekend. The previous license fee being put up by HBO was $4 million dollars. Espinoza did not disclose the financial terms of the new deal.
Espinoza told Notifight that Margarito accepted the deal and is making plans for his Los Angeles training camp. More details to come.
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