Pacquiao Offered $65 Million to Fight in Mexico Against Canelo Alvarez

Manny Pacquiao could be looking at an unprecedented payday to fight in Mexico. (Photo by Chris Trotman/Getty Images)

Well, this is interesting. Mexican billionaire Carlos Slim is reportedly offering Manny Pacquiao $65 million to come to Mexico for a fight, and it's rumored the opponent in mind is young Saul "Canelo" Alvarez. Slim would pick the opponent.

Slim has a reported net worth of $74 billion, which currently makes him the wealthiest man in the world according to Forbes, and could well guarantee this type of money for what would be an utterly massive fight. Alvarez (36-0-1, 26 KO) doesn't turn 21 until July 8, and has a dangerous fight with Ryan Rhodes on June 18, but he's already a huge star in Mexico and is billed as the next great Mexican champion.

This was revealed yesterday by Ilocos Sur Gov. Luis "Chavit" Singson, a long-time confidante of Pacquiao, who said that negotiations with Slim, the world’s wealthiest man, have already started and that Pacquiao was interested in the guaranteed money.

Singson’s report came after Top Rank’s Bob Arum revealed that American boxer Floyd Mayweather Jr. had turned down a $65 million offer from a Singaporean group to fight Pacquiao.

In a phone interview, Singson said that Slim had told him about his desire to host one of Pacquiao’s fights as a favor to his countrymen who have been looking to see Pacquiao fight on their soil.

Could this happen? Top Rank and Golden Boy Promotions are back on fairly friendly ground, and have expressed a willingness and desire to co-promote again for the big fights, and this would be a big fight to be sure. Plus, Slim legitimately (obviously) has the resources to cover this guarantee. Pacquiao made a $20 million guarantee to fight Shane Mosley on May 7, and will make about the same to fight Juan Manuel Marquez a third time on November 12. This would be three times the guarantee, plus Pacquiao would also have PPV money in the States from the fight. We're talking a potentially unbelievable payday here.

Whether this is just one of those strange things that comes up now and then or there's real substance remains to be seen, but it's interesting, and Slim isn't just some weirdo coming out of the woodwork from nowhere. This is a powerful man who can make this happen if the involved parties are interested.

And for the record, the highest single-bout earnings ever for a fighter came from Oscar de la Hoya in his fight against Floyd Mayweather Jr in 2007. After PPV and all of that, Oscar made $52 million. We're talking about something unprecedented here.

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