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→Alsons to add power capacity
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==Pacquiao camp: 70-30 split for winner offered to Mayweather== | |||
*Source: http://www.gmanetwork.com/news/story/250499/sports/boxing/pacquiao-camp-70-30-split-for-winner-offered-to-mayweather | |||
*March 6, 2012 5:42pm | |||
:by ADRIAN DY, GMA NEWS | |||
Team Pacquiao has reached out to Floyd Mayweather Jr. with an offer of 70 percent of the pay-per-view (PPV) money going to the winner of a possible bout between Manny Pacquiao and the undefeated American fighter, Pacquiao business advisor Rex "Wakee" Salud confirmed to GMA News Online. | |||
The 70-30 split is the latest in the back-and-forth negotiations between the two factions, as money has become the latest stumbling block to getting the fight, boxing fans all over the world wanted to see, off the ground. | |||
Mayweather first called Pacquiao personally, and offered the Sarangani congressman a flat $40 million amount to fight him, with the Grand Rapids, Michigan native keeping the entirety of the PPV money. | |||
Top Rank CEO and Pacquiao promoter Bob Arum countered with a $50 million offer to Mayweather with Pacquiao getting the PPV proceeds, but that too was rejected by the five-division world champion. | |||
The Pacquiao side then put on the table a 55-45 split, with the winner bagging the larger amount of the pot, but it was turned down again by Mayweather. | |||
Afterwards, Mayweather announced that he was filling his May 5 contractual obligation with Miguel Cotto, while Pacquiao settled for Timothy Bradley Jr. | |||
Salud is hopeful that this latest offer of a 70-30 split will be enough to entice Mayweather to arrange a fight date after "Money" serves his jail term for domestic abuse, but Mayweather has been adamant about getting the entire PPV pie, no questions asked. | |||
In an interview with Bob Costas on NBC Sports, Mayweather said, "How my deal is structured at this particular time in the sport of boxing, I keep 100 percent of the revenue. So why should I even give a guy 50-50 if I'm out there?" | |||
"I have record breaking numbers that I've done. He has no record breaking numbers. With or without Pacquiao, Floyd Mayweather is okay." | |||
Salud first broke news of the negotiations on the radio station DZSR 918. | |||
In the past, Floyd Mayweather demanded that Pacquiao accept strict, Olympic-style drug testing. Eventually, Pacquiao accepted, as long as a neutral organization other than the US Anti-Doping Agency, did the tests. | |||
Last January, Mayweather called Pac-man out repeatedly on Twitter, but this time, the bone of contention was the date of the fight. Mayweather wanted it to happen on May 5 at the MGM Grand to fulfill a contract he had signed, but Arum insisted on pushing the date back in order to construct an outdoor arena that would increase the number of seats and revenue. | |||
Mayweather though, will be serving time starting in June, after a judge allowed his jail term for domestic abuse to be pushed back. — JVP, GMA News | |||
==Alsons to add power capacity== | ==Alsons to add power capacity== | ||
*Source: http://business.inquirer.net/47555/alsons-to-add-power-capacity | *Source: http://business.inquirer.net/47555/alsons-to-add-power-capacity | ||
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ACR is also developing renewable energy projects, but Ymson said the company’s immediate priorities were the coal-fired power plants. | ACR is also developing renewable energy projects, but Ymson said the company’s immediate priorities were the coal-fired power plants. | ||
Currently under development are the Siguil 17-MW hydropower project, also in Maasim, and another 40 MW plant in Negros Oriental. | Currently under development are the Siguil 17-MW hydropower project, also in Maasim, and another 40 MW plant in Negros Oriental. | ||
==Small man’s voice leads to big leaps in community== | ==Small man’s voice leads to big leaps in community== | ||