Pacquiao vs Barrera Bout Cancelled

My most awaited fight has been cancelled, that must be the best fight for the 2007. The World Boxing Council has cancelled the purse bid set for Jan. 12 until the camps of Pacquiao and Barrera have agreed on the amount of compensation the boxers will receive. In a memorandum, WBC president Jose Sulaiman said the boxing governing body decided to investigate as to who shall promote Pacquiao's next fight. Pacquiao had signed a promotional deal with the Golden Boy Promotions of Oscar De La Hoya, which Top Rank's Bob Arum is contesting, saying that it violated his contract with the Filipino boxer.