Michael Rosenthal

Schaefer: Mexican billionaire made no offer to Pacquiao to fight Alvarez

Reports that Mexican billionaire Carlos Slim offered Manny Pacquiao $65 million to fight Saul “Canelo” Alvarez are false, according to Golden Boy Promotions CEO Richard Schaefer, Alvarez’s promoter.

The Philippine Inquirer apparently was the first to report the purported offer.

“I have a nice relationship with the Slim people and I talked directly to Mr. Slim. It’s not true,” Schaefer said.

The source of the information was Illocos Sur Gov. Luis "Chavit" Singson, a longtime Pacquiao confidante, according to the Inquirer.

Pacquiao is scheduled to fight Juan Manuel Marquez on Nov. 12 in Las Vegas. Alvarez is set to face Ryan Rhodes on June 18 in Guadalajara, Mexico.

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