Why Pacquiao hasn’t signed Horn contract

Boxing: It is Confirmed! Aussie Jeff Horn will fight boxing legend Manny Pacquaio in April, with Australia the prefferred destination for the bout.

Manny Pacquiao has demanded more money to fight Jeff Horn.

BOXING great Manny Pacquiao wants much more than the reported $7 million he has been offered to fight Jeff Horn at Suncorp Stadium on April 23.

His financial adviser has told him not to sign anything until there is more cash on the table.

While Pacquiao’s promoter Bob Arum told The Courier-Mail from Las Vegas that “it would be wrong to reveal Manny’s purse’’ as such matters were confidential, Mike Koncz, Pacquiao’s Canadian adviser, said he was “aghast’’ when he heard the figure of $US5 million at Horn’s press conference last week announcing the fight.

Koncz told World Boxing News: “Manny even asked me if I agreed to that and I told him ‘of course not. You know me better than that.’”

JeManny Pacquiao is demanding more money to fight Jeff Horn.

JeManny Pacquiao is demanding more money to fight Jeff Horn.Source:Supplied

Pacquiao had just arrived back at his Philippines home in General Santos City after a visit to the Cayman Islands in the Caribbean.

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The prominent Filipino politician is said to have earned more than $A500 million from boxing over the past 22 years, including $100m for his loss to Floyd Mayweather in 2015, $A45m for his win over Oscar De La Hoya in 2008, and $42m for his win over Miguel Cotto in 2009, the last time he won a fight by stoppage.

Koncz said the reported purse of $US5m was not enough given the Filipino’s stature and drawing power.

Boxing: No one would have predicted it just a few months ago, but boxing legend Manny Pacquiao is set to head to Australia to fight local Jeff Horn on April 23.

The Queensland Government is expected to announce as early as Tuesday its financial support for the Suncorp fight, which will lure an estimated TV audience of a billion people in 159 countries.

Arum said Pacquiao had initially priced himself out of a bout with American Terence Crawford by asking for $US20m, thus presenting the opportunity for Horn in Brisbane.

He said the $US20m Crawford demand had come for a fight on American pay-per-view but that a Horn fight would be shown in the US on free-to-air television, attracting a much smaller fee.

But he said there was no truth to the $US5m reports, adding that the real figure was between “me and Manny’’.

Arum said he was planning a trip to the Philippines to have Pacquiao sign the deal as soon as all financial arrangements had been agreed.