Today I have a some sad news for you. Today Bob Arum the founder and CEO of Top Rank, a professional boxing promotion company based in Las Vegas and who also worked for the US Attorneys Office for the southern district of New York, in the Tax division has just anounced that the fight between Pacquiao vs Mayweather will not happen for now.

He also called Mayweather a coward. Last time I made a post about mayweather possibly avoiding Paqcuiao you can read it here: Mayweather caught up in his own Trap. A lot of Boxing Fans will surely be disappointed with this news. The fight of the century is canceled. You are probably feeling down right now. Well that makes the two of us.

Would you like to find out what Bob Arum have to say about the Pacquiao vs Mayweather Fight? The information in this post below comes straight from NowBoxing Staff with confirmed sources about the Pacquiao vs Mayweather fight.

Read the rest to get all the details.

Update: Pacquiao-Mayweather Super Fight is “OFF” says Arum

After the Olympic drug testing disagreement between Team Pacquiao and Team Mayweather, Bob Arum of Top Rank Promotions who promotes the popular Filipino boxer Manny Pacquiao has called the fight off for now according to an article by USA Today.

“The plug is pulled. The fight is off as far as we’re concerned,” said an agitated Bob Arum after reading the news release by Golden Boy Promotions CEO Richard Schaefer saying Pacquiao refuses to take a steroid blood test before the fight.

Bob ArumArum continued “Mayweather proves that he’s a coward and he’s looking for a way out of the fight. The Nevada commission has been doing drug testing for the last 40 years. To appease Mayweather, we agreed they could do urine analysis anytime they wanted. But Manny doesn’t want them to draw his blood when he’s in training because it weakens him.”

“All they’re doing is harassing Pacquiao. I’m not going to allow it to happen,” said a concerned Arum. “We’re willing to do urine analysis at random even though we don’t have to do it under Nevada rules. I know deep down Mayweather doesn’t want the fight. He can take a walk.”

The super fight venue was named earlier in the week, MGM Grand hotel and casino in Las Vegas, Nevada landed the boxing match. MGM Grand won the bidding, although Dallas Cowboys owner Jerry Jones put up a respectable site fee offer of $25 million for the Mayweather Vs. Pacquiao fight. The super fight was set to take place on March 13, 2010 and broad cast live on HBO pay per view and was estimated to break all previous pay per view records.

This article's coverage of the information is as complete as it can be today. But you should always leave open the possibility that future research could uncover new facts. I hope the fight will still continue as fans around the world would love the face off between Pacquiao vs Mayweather to happen. So how do you feel about this?