The highly anticipated mega-buck superfight between Manny Pacquiao and Floyd Mayweather Jr. went down the drain once again as Top Rank promoter Bob Arum confirmed that the Filipino boxing hero will face Antonio Margarito. The Pacquiao versus Margarito bout will be on November 13.
The Pacquiao versus Margarito bout will be for the vacant World Boxing Council (WBC) junior middleweight championship tentatively in Las Vegas, because Margarito needs to get a license first to fight in Nevada after being suspended last year by the California State Athletic Commission because he was caught with a plaster-like substance in his hand wraps prior to his bout against Shane Mosley on January 2009. The alternative venue is at Monterrey, Mexico.
Pacquiao is currently busy in politics after winning a 3-year term as congressman of the lone district of Sarangani province in Mindanao island.
This will be the first time in the history of boxing that an incumbent congressman will be fighting for a world title in a boxing ring.
Congressman Pacquiao have already disposed a lot of boxing legends such as Marco Antonio Barrera, Juan Manuel Marquez, Erik Morales, Oscar de la Hoya, Ricky Hatton, Miguel Cotto and Joshua Clottey.
Pacquiao has been listed in Forbes Magazine as the World’s 6th Highest Paid Athletes with a total annual income of 40 Million Dollars. He was tied on the sixth spot with NBA player LeBron James and golfer Phil Mickelson.