Top Rank working to resolve outstanding debt to Manny Pacquiao

Manny Pacquiao made some waves in the news a couple days ago when he said he was going to initiate legal proceedings against former promotional company Top Rank, saying he never received payment for the U.S. rights for his last fight against Lucas Matthysse.

Now Top Rank no longer promotes Pacquiao anymore, but they did handle the U.S. distribution of his last fight on ESPN+, and Top Rank promoter Bob Arum didn’t even deny owing Pacquiao money. At least it seems that way based on his public statement to ESPN.

“We read the Instagram post and [Top Rank attorney] Harrison [Whitman] handled it with Pacquiao’s attorney, and it looks like everything will be resolved,” Arum told ESPN.

Arum says the issue arose out of Pacquiao not returning a signed contract for the event, but that it is in the midst of being taken care of, which would presumably nix any need to continue with legal action on Pacquiao’s part.