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Golden Boy, Top Rank reps formally open negotiations

Updated: August 6, 2008, 11:38 PM ET
By Dan Rafael | ESPN.com

Golden Boy Promotions CEO Richard Schaefer and Top Rank's Bob Arum met Wednesday and formally opened negotiations for a Dec. 6 megafight between Oscar De La Hoya, boxing's biggest star, and pound-for-pound king Manny Pacquiao.

Schaefer hosted Arum for more than two hours at the Golden Boy offices in Los Angeles to talk over a host of issues related to a fight that would take place at the MGM Grand in Las Vegas and certainly be the year's biggest fight if it is made.

"We ...

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