Despite a report in the Los Angeles Times last week which stated that a planned welterweight fight between Shane Mosley and Antonio Margarito had been called off, the fight now appears to be on.
According to a report by ESPN boxing reporter Dan Rafael, promoters spent the better part of Monday attempting to save the deal with Mosley and Margarito now expected to face each other on Jan. 24 at the Mandalay Bay in Las Vegas.
Money issues reportedly caused the matchup to initially fall a part but Rafael states that HBO will be putting up additional compensation that will go to Margarito and his promoter, Bob Arum’s Top Rank.
Mosley is promoted by Oscar De La Hoya’s Golden Boy Promotions and the company’s CEO, Richard Schaefer, is quoted as referring to the Mosley vs. Margarito matchup as a “done deal.”
Schaefer’s company will essentially be compensating with itself as it will be involved in the production and marketing of Affliction Entertainment’s second-ever mixed martial arts pay-per-view, which is scheduled for the same night as Mosley vs. Margarito at the Honda Center in Anaheim, Calif.
Affliction’s PPV, titled “Day of Reckoning,” will be headlined by WAMMA heavyweight champion Fedor Emelianenko defending his title vs. former UFC heavyweight champion Andrei Arlovski. In addition to competing with Margarito vs. Mosley on HBO, the event is likely to face competition from the UFC and Spike TV.