Latest news with #BobArum
The Sun
5 days ago
- Entertainment
- The Sun
Jake Paul is ‘not a boxer' and Tommy Fury ‘can't fight' says legendary promoter Bob Arum is sensational double blast
LEGENDARY promoter Bob Arum let out a scathing double blast of Jake Paul and Tommy Fury. Arum was not a fan of Paul's recent points win against Mike Tyson, who controversially came out of retirement aged 58. 3 Over 100 MILLION tuned in to watch on Netflix, but now Paul returns on June 28 against ex-middleweight world champion Julio Cesar Chavez Jr. Chavez - son of the legendary Julio Cesar Sr - has suffered problems outside the ring with substance abuse and lack of commitment. And Arum told FightHype: 'That's not even boxing. Chavez Jr, I thought he had hung up the gloves a long time ago. "Jake Paul is not a boxer. It's spectacle. The Tyson event was sort of demeaning for the sport of boxing. Tyson was an old man. "What are we talking about? But again, if Netflix or somebody else wants to pay for that event, that's fine. I have no interest in it. "I have absolutely no interest in a Jake Paul-Chavez Jr fight, because it's not boxing.' Paul's only defeat in his 12 bouts came in 2023 against Fury losing a split-decision in Saudi Arabia. ESPN - who have a TV deal with Arum's Top Rank company - aired the celebrity grudge match on pay-per-view in America. 3 So Arum was part of the promotion - but refused to hold back on either Paul, 28, or Fury, 26. He said: 'Jake Paul is not fighting a real fighter. He's smarter than you and me combined. EXCLUSIVE- Savannah Marshall risks wrath of former sparring partner Tommy Fury with Jake Paul decision "It's not a scam because people know what they're getting, but he's not interested in fighting somebody that can really give him a whooping. "I mean, I remember when Jake Paul, before he caught onto this stuff, and I was in England and he was fighting Tyson Fury's half-brother Tommy Fury, who can't fight. "Tommy Fury won every round, won a decision and there's very few heavyweights that you can name that Tommy Fury would last more than one or two rounds." 3
The Independent
27-05-2025
- Business
- The Independent
Top Rank signs new fighters, including Olympian
US promoter Top Rank has signed prospects Euri Cedeño and Julian Montalvo to promotional contracts. The company, run by chairman Bob Arum, will represent and promote the pair in what it calls 'long-term' deals. Cedeno, 11-0-1 (10), is a middleweight who last fought in March, stopping Ulices Tovar Rivera in the first round in Bethlehem, PA. Cedeño represented the Dominican Republic at the Olympics in Tokyo. Arum said: 'Euri Cedeño is one of the most complete fighters to come out of the Dominican Republic in recent years. He has amateur pedigree, the composure of a seasoned veteran, and all the tools to become a real threat in the middleweight division.' Cedeño entered the paid ranks in October 2022 and scored six straight knockouts before suffering his lone blemish, a draw against unbeaten Cuban Dayan Depestre in October 2024. He bounced back that December with a decision over Yoanki Urrutia, and has added five more stoppages to his resume since. Cedeño said that it was a great honour to join Top Rank. He added: 'This opportunity results from years of hard work, including over 400 amateur fights, my Olympic run, and 11 wins as a pro. I've earned it, but there's still a long way to go until I achieve my dream of becoming a world champion. I begin this next big chapter in my career on June 7 in Norfolk.' Cedeño will fighting on the undercard of Keyshawn Davis's bout again Edwin De Los Santos for the WBO lightweight championship, to be held at the Scope Arena. Fellow signing Montalvo, 3-0 (2), fights at junior lightweight and last fought on Saturday when he outpointed Erick Eugenio Tovar Gutierrez in Colima, Mexico. Arum said that Montalvo was one of the greatest teenage talents that the veteran promoter had ever seen. He added: ''He has handled numerous world champions, top contenders, and blue-chip prospects with shocking ease. After witnessing several sparring sessions, I knew I was watching someone special. I'm excited for boxing fans to discover 'El Natural' and follow his journey to world titles and the pound-for-pound list.' According to Top Rank, Montalvo had 21 fights as an amateur. The 17-year-old is being trained and managed by Armando Flores, who has been working with him since his first day in the gym over a decade ago. Watch the very best boxing with a DAZN subscription DAZN is the home of combat sports, broadcasting over 185 fights a year from the world's best promoters, including Matchroom, Queensberry, Golden Boy, Misfits, PFL, BKFC, GLORY and more. An Annual Saver subscription is a one-off cost of £119.99 / $224.99 (for 12 months access), that's just 64p / $1.21 per fight. There is also a Monthly Flex Pass option (cancel any time) at £24.99 / $29.99 per month. A subscription includes weekly magazine shows, comprehensive fight library, exclusive interviews, behind-the-scenes documentaries, and podcasts and vodcasts.
Yahoo
21-05-2025
- Business
- Yahoo
Boxing Great Floyd Mayweather Jr's Greatest Investment – How He Turned $750K Into $400M
Knowing your worth and having the courage to invest in yourself are two critical traits for anyone seeking success in life. Perhaps there is no better example of this than boxing great Floyd 'Money" Mayweather, who parlayed a $750,000 investment in himself into a $400 million boxing and promotional empire. Mayweather told Forbes the story of how he earned his nickname. It all started in 1996, when Mayweather turned pro after winning a bronze medal in the Olympics. Mayweather, who comes from a family of famous boxers, had sublime boxing skills but lacked the connections and know-how to stage and promote professional prize fights. So, he did what most fighters in his situation did back then.. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. He signed a contract with Bob Arum's Top Rank Promotions. Arum was a very well-respected promoter with a proven track record of staging lucrative fights. Through his career, Arum had made numerous fighters wealthy, and Mayweather was no exception. By 1998, Arum had guided Mayweather to a spotless 18-0 record and a world championship. Arum's career guiding fighters to superstardom included stints managing legends like Muhammad Ali and Oscar De La Hoya. It looked like Mayweather was the next one. By 2005, Arum had featured Mayweather in two high-grossing pay-per-view fights against Arturo Gatti Jr and Zab Judah. According to Forbes, both fights drew over 350,000 views, and the promotions were wildly successful for Top Rank. Forbes also estimates Mayweather earned about $3 million per fight. It wasn't chump change by any means, but Mayweather wanted more. Arum was paying him well, but Mayweather believed that earning $3 million was small change compared to the money Arum and Top Rank were making off 350,000 pay-per-view buys. Mayweather knew that he, not Arum, was the main draw for any pay-per-view fight and believed he could earn nine figures by managing his career and promoting his fights without Arum. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — There was a clause in Mayweather's Top Rank contract allowing him to become a free agent for $750,000. Mayweather paid the fee and linked up with Al Haymon, a well-known concert promoter, and trainer Leonard Ellerbe, to form Mayweather Promotions. Ellerbe, who was CEO of Mayweather Promotions until 2024, told Forbes, "Floyd wanted to take his career in a new direction. Floyd walked into Top Rank's office, handed them a check, and the rest is history." Mayweather's instincts proved correct. Even though his first Mayweather Promotions fight only netted 325,000 views, Mayweather still made $8 million. That was more than double what he was earning at Top Rank. Mayweather hit the big time in 2007, when his fight with De La Hoya netted 2.48 million pay-per-view buys and generated $137 million. Mayweather earned $25 million for the fight when his pay-per-view share was calculated. Mayweather earned at least $25 million for his next ten fights, mostly because Mayweather Promotions was plugged into every possible revenue stream. Mayweather was getting his money off the top instead of waiting until his promoter deducted all the expenses first and paid him last. Then Mayweather signed an eight-fight deal with HBO in 2013 that would pay him a minimum of $32 million per next big payday came in 2013, when he fought Canelo Alvarez. According to Forbes, the Mayweather vs. Alvarez fight netted 2.25 million pay-per-view buys and earned an astonishing $130 million. Mayweather reportedly earned $41.5 million for his work in the ring, plus another $30 million cut of the pay-per-view money. By the time Mayweather retired, he had a 50-0 record, and Forbes estimates his fights generated $871 million in revenue. Forbes also estimates that Mayweather has personally netted around $420 million in earnings and that roughly 90% of it came to him after the split with Top Rank. He also has a passive income stream because Mayweather Promotions still handles fighters. It all started with Mayweather knowing his worth and investing in himself. Ellerbe told Forbes, "It is the best investment in the history of sports." Read Next: Maximize saving for your retirement and cut down on taxes: . Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Boxing Great Floyd Mayweather Jr's Greatest Investment – How He Turned $750K Into $400M originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
The Independent
20-05-2025
- Sport
- The Independent
Bob Arum ‘really concerned' for Manny Pacquiao as boxing legend returns at 46
Bob Arum has admitted he is 'really concerned' for Manny Pacquiao as the boxing legend prepares to return to the ring aged 46. Pacquiao is set to challenge 30-year-old Mario Barrios for the WBC welterweight title on 19 July, as the Filipino boxes professionally for the first time since 2021. In his last pro bout, 'Pac Man' was outpointed by Yordenis Ugas. Pacquiao has boxed in exhibitions since, but Barrios should represent a significantly tougher challenge than his opponents in those bouts, as noted by Pacquiao's former promoter Arum. 'I can't say anything negative, because Manny meant so much to us and our company,' the Top Rank boss told The Ring. 'But it seems really questionable that, at his age, he would put himself at risk by going into the ring with a champion fighter. 'I mean, George Foreman wasn't even that age; he was younger when he beat Michael Moorer. And George had been active over the years prior to that fight with Moorer. Manny hasn't been active at all really. Arum, 93, was referring to the late Foreman 's record-breaking title win in 1994, when he became the oldest champion in boxing history at 45. However, a 46-year-old Bernard Hopkins broke that record in 2011 with a win over Jean Pascal. Still, Pacquiao's world-title bid this summer – enabled by WBC rules that allow former champions to become 'qualified challengers' – has drawn criticism in the boxing world. "He's an amazing person, Manny Pacquiao, and if anybody can do it, he can do it,' said Arum. 'But I'm really concerned about it, given his age and his inactivity. 'But again, I will certainly be rooting for him, because he's really a great guy who has meant so much to us as a company.' Pacquiao, widely considered one of boxing 's all-time greats, is the sport's only eight-weight world champion. In July 2019, in his second-most-recent pro bout, he beat Keith Thurman to become the oldest welterweight champion in history aged 40. He will look to surpass his own record when he boxes Barrios. Pacquiao is also known for his political endeavours in his home country of the Philippines, where he served as a senator from 2016 until 2022. He also ran for president in 2022 but was unsuccessful, and now he is eyeing a return to the Senate.
