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Pacquiao vs Mayweather: Richard Schaefer Warns Arum Not to Test Him on Matters of Finance

Bob Arum and Richard Schaefer are going at it again. (Photos by Patrick McDermott and Ned Dishman/Getty Images)
Bob Arum and Richard Schaefer are going at it again. (Photos by Patrick McDermott and Ned Dishman/Getty Images)
Scott Christ is the managing editor of Bad Left Hook and has been covering boxing for SB Nation since 2006.

Pretty much everyone agrees that there's at best a 1% chance that the mega-fight between Manny Pacquiao and Floyd Mayweather Jr will happen in May, but we're fast approaching a mythical deadline sometime today that Mayweather has to "get the ball rolling." Most likely, Mayweather will fight Canelo Alvarez or someone else on May 5, and Manny Pacquiao will fight on June 9, against his choice of Miguel Cotto, Juan Manuel Marquez, Timothy Bradley, or Lamont Peterson.

[ Related: Pacquiao vs Mayweather Taiwanese Animation ]

Golden Boy's Richard Schaefer did take a couple pretty real shots at Top Rank's Bob Arum in a statement to's Lem Satterfield yesterday, though, and that's kind of interesting. At this point I might be more interested in seeing Bob and Richard have a pay-per-view debate. (I'm kidding. Please don't try to charge us money for that.)

Specifically, Schaefer blasted the Top Rank company line that they don't know who to call when it comes to Mayweather, and says Arum would be wise to not get into any financial discussions with Schaefer:

"Bob would be well advised not to get me going on this subject. Bob and Todd don't know who to talk to? What planet are they living on? It's one excuse after the others. They need the investors? The fact is that between Floyd and the Money Team and Golden Boy, we have more money than these investors combined.

"We don't need outside investors. Maybe Top Rank needs outside investors. They're not as well capitalized as we are. We don't need outside investors. What the hell does he need investors for? So you can have investors guaranteeing the fight with their own money?

"I don't understand what this guy's talking about. He might be an okay boxing promoter, but I tell you one thing, when it comes to finance and money, I'll take him before breakfast. That's my domain. We never had any problems with Floyd making record purses and record monies."

It's hard to argue against Schaefer's claim that duBoef or Arum saying they don't know who to call is really weak. They know who to call. You call Richard Schaefer up. Then, let's say just for the sake of argument, that isn't right, then you find out who you should call, be it Al Haymon or Leonard Ellerbe or someone else.

I mean, that's not really all that hard, is it?

Of course it could work the other way, too.

In short, we've got a bunch of wealthy, powerful men all playing peek-a-boo but REFUSING TO LOSE.

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