Pacquiao backs out of Vegas showdown

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A May 2 showdown between Britain's Ricky Hatton and Phillipines star Manny Pacquiao has been called off after the fighters' camps could not agree on how to split the purse.

Bob Arum, who promotes Pacquiao, said the boxer wanted more money and a bigger split of the profits from the 50-50 deal.

Hatton, 45-1 with 32 knockouts, hopes to instead fight Oscar de la Hoya, the winner of next month's fight between Juan Diaz and Juan Manuel Marquez or retired star Floyd Mayweather in the Las Vegas spectacle. read more