Pacquiao vs Hatton - The Fight is On!

Manny "Pacman" Pacquiao the reigning pound-for-pound king of the ring will once again try to set another milestone in his career as he collides with Ricky "The Hitman" Hatton.

Pacquiao will be entering a new territory when he faces Hatton, who is considered the king of the 140-lbs division. He will have to go down to Hatton's turf from 147 lbs.

Pacquiao was the first Filipino to win in three divisions in a single year. He defeated Mexican Juan Manuel Marquez at 130 lbs and then David Diaz at 135 lbs.

The report said Arum had confirmed Pacquiao agreed to a 52-48 split in his favor and a $12 million guaranteed purse.

The latest agreement was to hold the action packed face-off at the MGM Grand in Las Vegas on May 2, 2009.

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