Manny Pacquiao honors a valid Solar agreement

Solar Sports has “exclusive rights” to broadcast Pacquiao-Hatton fight.

The number 1 Pound for pound boxer, Manny "Pacman" Pacquiao ended all the anxiety when he decided to stick it out with Solar Sports and honor a valid, binding and legal contract that covers the local television rights for his May 2 fight with Ricky Hatton and all his future fights until 2011.

Solar Sports came out with a statement saying everything’s okay between them and Pacquiao who announced last Wednesday that he has rescinded their contract and that he has decided to switch back to ABS-CBN as his official media partner.

Atty. Joseph’s statement reads, “The past few days created confusion over the broadcast rights to the succeeding bouts of Manny Pacquiao. A number of releases on newspapers, on the web, on the radio, and on national television have misled the public as to which Philippine media network will carry the next Pacquiao fight.

“Under a licensed agreement dated May 7, 2007, Manny Pacquiao and MP Promotion for valuable consideration, granted to Solar Entertainment the exclusive rights of all bouts of Manny Pacquiao from May 7, 2007 to May 6, 2011.

“Manny Pacquiao’s attempt to recede the license agreement without any factual or legal basis is ill-advised. All third parties are warned against any unlawful interference with the license agreement. Solar shall avail of all its legal remedies to the fullest extent against any undue breach of or unlawful interference with the license agreement.”

In an endnote to assure the public that Solar Sports is the sole broadcaster of Pacquiao’s upcoming fights, he said, “Solar wishes to assure the public that the right to broadcast the upcoming Pacquiao-Hatton match scheduled this May 3 remain with Solar Entertainment.”

source: ph.news.yahoo.com