Arum is now focused on finalizing the Pacquiao-Margarito fight, which if completed, will take place at a maximum weight of 150 pounds for the WBC's vacant junior middleweight le. If Pacquiao wins, he would extend his record of winning world les to an eighth weight class. Pacquiao has won les from flyweight to welterweight.
Arum said although he has deals in principle with Pacquiao and Margarito, there is no site yet, mainly because Margarito is not licensed in the United States following the hand-wrapping scandal that engulfed him before his fight with Shane Mosley in January 2009. Before the fight, illegal pads coated in a plaster-like substance were found in Margarito's hand wraps. His hands were re-wrapped and Mosley wound up knocking out Margarito, who later had his license revoked by the California State Athletic Commission. Javier Capetillo, Margarito's former trainer and the man who wrapped his hands, also had his license revoked.
With the revocation period up earlier this year, Margarito returned to win a fight in Mexico and recently applied for a license in Nevada, where Arum hopes to stage the fight. However, Nevada officials declined to rule on his application, directing him to first go back to California, which has yet to listen to his appeal.
"Frankly, my desire is to keep the fight in the United States," said Arum, who said there is interest from Abu Dhabi and Monterrey, Mexico, in hosting the fight. "Manny would like to fight in Mexico to save on the taxes. He saves 30 percent. But we have a number of states we are talking to that will listen to Margarito."
Arum said he and Margarito's attorney are hoping that Nevada will reconsider his application and give him a one-fight license to face Pacquiao in an HBO PPV fight that would be a boon economically to a struggling city.
"There's a lot of pressure on me to get it done in Las Vegas from everyone in town," Arum said. "The fight is important to the city. But I want it known that if it is not in Las Vegas, it's not because of Bob Arum. I live there and I feel the town needs this. It's not because of me if the fight is caused to go elsewhere."