Manny Pacquiao will not be fighting Amir Khan in April after all.
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Manny Pacquiao-Amir Khan fight cancelled because $38 million from an investment group turned out to be fake
Manny Pacquiao and his adviser were chasing an offer from unnamed investment group in the UAE that Top Rank promoter Bob Arum later called "pie in the sky."
Pacquiao, a senator in the Philippines, is also still an active fighter.
After the two boxers reportedly came to an agreement to fight in the United Arab Emirates in April, Top Rank promoter Bob Arum said on Tuesday that the fight has been cancelled.
According to ESPN's Dan Rafael, Arum had been skeptical of a $38 million offer that Pacquiao and his from an unnamed investment group in the UAE. However, Koncz and Pacquiao believed it to be real, and both Pacquiao and Khan had announced the deal on social media.
On Tuesday, Arum told ESPN that Koncz was on his way to the Philippines to tell Pacquiao that the deal "was nothing but a fantasy."
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If something is too good to be true, it’s too good to be true."
Arum added, "That deal is done for now. [Pacquiao and Koncz] were talking to the wrong people."
According to Pugmire, Arum said the Khan fight could be revisited with "realistic numbers."
For now, it appears a fight fans had clamored for is over. Rafael reports that Arum expects Pacquiao to fight elsewhere in June or July.
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