Manny Pacquiao switches back to Solar Sports and GMA-7

Filipino boxing superstar Manny “Pacman” Pacquiao finally came to terms with Solar Entertainment Corp. on the issue of who has the right of airing his May 2 fight against Britain’s Ricky Hatton.

This was after officials of Solar Sports Entertainment patched their differences with Pacquiao over an apparent delay in payment of its financial obligations. Pacquiao, on Tuesday, announced that he was rescinding the last two years of his contract with Solar Sports and was giving ABS-CBN the rights to air his match against Hatton.

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In a statement read by his lawyer Franklin Gacal and aired over GMA-7, Pacquiao chose to drop the contract he recently signed with ABS-CBN to honor the “valid and binding” agreements between Solar Sports and his very own MP Promotions. Gacal added that GMA would remain as Solar’s media partner in the Pacquiao-Hatton fight.

Meanwhile, ABS-CBN Broadcasting Corp. said it has a signed contract with Pacquiao but that it would respect his decision if he changes his mind.