Margarito-Williams may be on hold

first_imgAntonio Margarito’s defense of his World Boxing Organization welterweight belt against Paul “The Punisher” Williams should be a heck of a fight – assuming it takes place. Dan Goossen of Goossen Tutor Promotions in Sherman Oaks secured the rights to promote this fight by winning a purse bid last week of just more than $1.5 million. Goossen signed Margarito and Williams to contracts Monday, with the fight set in either late May or early June. Two possibilities for a site are Los Angeles and Las Vegas. There could be a problem, however. Bob Arum, who promotes Margarito, said his fighter did not have his permission to sign to fight Williams. Moreover, Arum said he was expecting Margarito to challenge Miguel Cotto for his World Boxing Association welterweight belt June 9 in NewYork City. Cotto is also promoted by Arum. “He has a contract with us, an exclusive contract with us,” said Arum, chairman of the board of Top Rank Inc., of Margarito. “We didn’t participate in the purse bid because they (Margarito’s co-managers) told us not to because they were fighting Cotto. It (Margarito-Williams) may be a done deal as far as (Goossen) is concerned, but these people have no authority to sign a contract because they’re under an exclusive promotional agreement with us.” Sergio Diaz manages Margarito, along with Francisco Espinosa. He said that they only signed to fight Williams because they couldn’t come to an agreement with Arum for a fight with Cotto. Team Margarito also had concern that if it didn’t pull the trigger on a fight with Williams, it would lose that fight as well as the WBO belt because Williams is the mandatory challenger. “We did what Bob told us to do, that was to take Paul Williams,” Diaz said. “We weren’t happy with the terms that we were getting for Cotto and he said to go fight Paul Williams, and that’s what we did.” Arum said Tuesday he was going to take immediate action to prevent that fight from happening. He said he was on the brink of filing a lawsuit against Margarito, his co-managers and Goossen. center_img Goossen was in Selden, N.Y., this week to promote a card that was televised Friday by ESPN2. Before he left Tuesday, he said he would also be visiting the Manhattan offices of Showtime and HBO to discuss the television rights to Margarito-Williams. He scoffed at Arum’s threat of legal recourse. “All I can tell you is, Bob’s entitled to do whatever he wants to do,” Goossen said. “We’re proceeding exactly per the WBO rules. Nothing more, nothing less.” Margarito, of Tijuana, is 28. He is 34-4 with 24 knockouts. Williams, of Augusta, Ga., is 25. The left-hander is 32-0 with 24 knockouts. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img

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