Hall of Fame promoter Bob Arum is 75, but he sounded like he was 35 after reaching a settlement of all lawsuits between his Top Rank Inc. and Golden Boy Promotions.
The agreement, announced jointly by the companies on Friday, will allow for a rematch between Manny Pacquiao and Marco Antonio Barrera to be held on Oct. 6 at Mandalay Bay in Las Vegas.
Golden Boy chief executive officer Richard Schaefer flew to Las Vegas on Wednesday and had lunch with Arum to finalize the agreement, concluding talks that had begun on June 16.
Because of a confidentiality agreement, neither side would discuss specifics, but the deal covers all outstanding litigation.
"This settles everything and it's great not only for the companies but also for boxing, because we've agreed to work together to make the best possible matches for the sport," Arum said.
The primary dispute was over the rights to Pacquiao, the Filipino super featherweight who is not only one of the sport's finest talents but also one of itsRead More »from Top Rank, Golden Boy settle