Pacquiao-Mayweather Jr Fight has been called off

Fight fans are disappointed that the super fight between Manny Pacquiao and Floyd Mayweather Jr. has been called off.

Pacquiao himself is disappointed, too.

"I am very disappointed that we could not make this fight for the fans,” the 7-time world champion said in statement.

The World Boxing Organization (WBO) welterweight king is also angry at the Mayweather camp and its representative Golden Boy Promotions for spreading accusations against him.

“I am angered because of the false accusations from Golden Boy and the Mayweather camp that I used some type of drugs, and that is why I have instructed our American lawyers to proceed with the lawsuit to clear my name," said Pacquiao.

The Pacquiao-Mayweather fight is seen by many as a single bout that could bring back the popularity of boxing as a sport.

Both fighters might have received up to $40 million each in fight revenues had the fight pushed through.

Talks collapse

The fight was called off after the mediation process collapsed due to the Mayweather camp’s refusal to accept Pacquiao’s concession.

During the mediation, Pacquiao’s camp agreed to blood tests 24 days before the fight, which addressed Mayweather's demand that Pacquiao submit himself to a blood test 30 days before the fight.

However, retired federal judge Daniel Weinstein rang Top Rank chief Bob Arum after the meeting to inform that the mega-buck fight won’t push through.

"The fight's off, Mayweather never wanted it. Manny wanted the fight. He was agreeable to terms," Arum told LATimes.com.

Pacquiao’s camp said it saw this development happening.

"When the fight was offered, Manny accepted it with no hesitation," Pacquiao adviser Michael Koncz told ESPN.com. "We're not surprised. We saw this coming once they started this drug bull----. It was a way for them to get out of the fight. I don't think Mayweather expected Manny to accept the challenge so quickly."

More to lose
Arum said the biggest loser in the talk’s collapse was Golden Boy Promotions.

"The guys who should be most disappointed in the fight being off are Schaefer and De La Hoya because they went along with this guy [Mayweather] and ended up with gatz and a big lawsuit," Arum said.

Arum said Golden Boy Promotions, which is headed by boxing great and old Pacquiao foe Oscar de la Hoya, also risks losing its share in the Filipino’s contract.

"There's an arbitration which calls for them to lose any percentage of Manny's promotional contract, something we asked for and had postponed, but now it will go forward," Arum said in ESPN.com.

"We did that two weeks ago before Manny filed his lawsuit. It's binding arbitration. Our request was for Golden Boy to forfeit its interest in Pacquiao's contract based on the fact that they had demeaned Pacquiao with their remarks [alleging he used PEDs] and that it violated the [2007] agreement between Pacquiao, Top Rank and Golden Boy," Arum said.

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I'm really disappointed how this went through. This could be the fight of the century. What are your thoughts? Please feel free to put your comments below.