Pacquiao is scheduled to face Oscar De La Hoya on Saturday, December 6, 2008 at the MGM Grand in Las Vegas, Nevada.
Presented by Golden Boy Promotions and Top Rank, Inc., the bout will be a 12-round, non-title fight contested at the 147-pound welterweight limit. Although Pacquiao goes into the fight widely recognized as the leading pound-for-pound boxer in the world, some boxing pundits have speculated that 147 pounds could be too far above his natural weight against the larger De La Hoya.
Many boxing analysts believe the fight will favor De La Hoya, and consider the fight a mismatch due to De La Hoya's size advantage. Bets have already been taken with De La Hoya as the heavy favourite. Training for the mega fight Oscar hired legendary trainers Angelo Dundee, Nacho Beristain, and young boxing talent Edwin Valero. Oscar told the news that his team is unbeatable, while Freddie Roach said, "No one is going to be able to help Oscar pull the trigger when he faces Manny Pacquiao on Dec. 6". While the odds are still with Oscar the mega fight will be still fight of the year and possibly break pay per view records in boxing history.
Pacquiao will receive $15 to 30 million (share of the pay-per-view), plus a guaranteed amount.
Tickets reportedly sold out just hours after they went on sale. The total gate revenues were said to be nearly $17 million dollars. That amount would give the bout has the second largest gate revenue in boxing history (after the De La Hoya-Mayweather Jr. fight in May 5, 2007 which generated $18.4 million in gate revenue).