Gabriel Peñagarícano: ‘Canelo Couldn’t Have Signed Anything Because We’re Still in Negotiations and Discussions’


    PenagaricanoGaby300NF1Oscar De La Hoya made news this week when he stated Canelo Alvarez had signed his part of the deal to face Miguel Cotto. Cotto’s team said that there was no pressure on their side and they were still negotiating.

    Cotto’s advisor was at media day in Philadelphia for Felix Verdejo and others who are fighting on the Unimas card this weekend and kept the same stance.

    “There is no agreement for the fight but we’re in conversations,” stated Gabriel Peñagarícano. “Canelo couldn’t have signed anything because we’re still in negotiations and discussions. Because we’re at that stage, what could he agree on? I don’t know why Oscar would say something like that because there is no agreement between both parties.”

    Cotto’s advisor was shocked to say the least at Oscar’s comments that came out on Tuesday.

    “I was surprised Oscar made that announcement because he’s a friend of mine and we play gold together. I know he probably had no bad intentions when he made the announcement but the truth is there is no agreement yet,” explained Peñagarícano.

    Of course in the negotations of who’s A or B side came up. Cotto’s advisor feels the bout will be dubbed Cotto-Canelo, much like there was a disagreement in Cotto’s last fight with Sergio Martinez, as Cotto wanted top billing.

    But the advisor wanted to make it clear, there is no agreement, yet.

    “We’ve discussed a lot of everything. We haven’t come to an agreement even though I think we will but it depends on both parties. Much hasn’t changed on our side, But at where we stand all doors are open for Miguel Cotto.”