Pound -for-pound king Manny Pacquiao is taking it easy in the comfort of his home country after beating popular British boxer Ricky Hatton last May 2, 2009 at the MGM Grand in Las Vegas Nevada.
The popular Filipino boxer is busy with his new business ventures outside the ring as he awaits the winner of the Mayweather-Marquez match which will take place at the MGM Grand in Las Vegas, Nevada on July 18, 2009.
>Filipino boxing sensation Manny Pacquiao is all business–not only in the ring.
Pacquiao has formed a company that will undertake a major mixed-use real estate project in his hometown, General Santos City.
Called Manny Pacquiao Heights Development Corp., the newly established firm recently approached the National Economic and Development Authority (NEDA) for guidance on how to go about its first development, which it plans to transform into an economic zone.
Executives of the newly-formed Pacquiao company said that they will look into the medical tourism, housing and related investment opportunities in General Santos City. >
In the meantime, Bob Arum, President of Top Rank Promotions and Manny Pacquiao’s favorite promoter said in related report by Philstar.com: ‘if Manny Pacquiao takes on Miguel Cotto at Madison Square Garden in New York City, it will be a sure box office hit and estimated at least 80,000 pay-per-view buys from Puerto Rico to deliver incremental income of $4 million’.
Cotto, however, must turn back Joshua Clottey in the first defense of his WBO welterweight title on June 13 to arrange the appointment with Pacquiao. It will be Cotto’s sixth appearance at the Garden where he has beaten Muhammad Abdullaev, Paul Malignaggi, Zab Judah, Sugar Shane Mosley and Michael Jennings.
Arum has mentioned at least five possible opponents of Pacquiao for his next fight which could take place in the US before the end of the year. These popular boxers include Floyd Mayweather, Jr., Shane Mosley, Juan Manuel Marquez, Edwin Valero and Miguel Cotto.
A Pacquiao-Mayweather match will be a real boxing blockbuster as both of them are known crowd drawers. Staging the fight though could be a tough job for the promoters because of the huge prize money that the two most popular boxers may demand and how they will share the prize money including the pay-per-view revenues that the fight will generate.
Bob Arum knows that a Pacquiao-Mayweather match is difficult to stage and that could be the reason why he is pushing a Pacquiao-Cotto match as both fighters are under his own Top Rank Promotions