By Frank (Frankly) Livingstone: Well, the latest news from both Bob Arum and Richard Schaefer in relation to the allocation of the revenue for the elusive Pacquiao–Mayweather fight certainly keeps the comatose bout on a life support (for now). Bob Arum suggested a 45-45 split and the 10% bonus goes to the winner. Bob argues that if Floyd sees the fight as an easy payday, Floyd has no problem agreeing to it.

On the other hand, Richard suggested a different approach wherein he suggested having one of the big accounting firms to account for the PPV numbers and live gates receipts for both the Pacquiao and Mayweather fights to determine a fair allocation of the revenue. He is willing to go back from 2007 when GBP was involved with Floyd.

Richard’s counter offer seems to be the most logical in determining the revenue sharing. Richard is quite confident that the revenues for the Mayweather’s fights would be higher due to good promotional strategy by having the fights on or near the Cinco de Mayo and adding good undercard fights with it. The last fight with Cotto resulted to 1.5 million PPV that was actually a double main event cards with Canelo Alvarez/Shane Mosley attracted a lot of Mexican and Mosley fans to buy the PPV.

But I suspect Richard’s offer has more to it than meets the eye. As you know, Manny Pacquiao has a defamation case against Floyd Mayweather for PEDS allegation. The lawyers of Manny would have to prove that the PEDS allegations have damaged Manny’s reputation. So if Richard’s offer is accepted and the review of the revenues from Pacquiao’s fights revealed an increase in the revenue since the PEDS allocation, this would be a fatal blow to Manny’s defamation case. But I am sure Manny’s top notch lawyers have anticipated this scenario and would indeed has a different angle to pursue the case.

But Richard’s offer has indeed put Bob Arum back in the corner. It would be interesting how this play out. Bob’s offer is a challenge for Floyd to prove that he is the best in the planet by agreeing to a 45:45 split and 10% bonus to the winner. Richard’s offer is more of a challenge to Bob if he is willing to open Top Rank’s books to the public. This may be a publicity stunt by Richard Schaefer but in this case, Richard has nothing to hide. How about you, Bob?