Promoter: Oscar de la Hoya 'Misquoted' on Floyd Mayweather-Manny Pacquiao

Golden Boy CEO, Richard Schaefer, told FanHouse that Golden Boy President, Oscar de la Hoya, has been misrepresented in regard to the negotiations for a potential bout between Floyd Mayweather and Manny Pacquiao.

De la Hoya reportedly has told some internet outlets that a deal is "Very close" to completion, to which Schaefer responded, "That's incorrect."

"I spoke to Oscar yesterday [Tuesday] and I wanted to know where that came from and he said that he was misquoted," said Schaefer, whose promotional company has represented Mayweather along with the fighter's Mayweather Promotions. "I saw those quotes as well, and I had no idea what Oscar was talking about. And I called him up and asked him about them and he that he was misquoted."

Schaefer said that he "I really can not comment" on the status of the negotiations.

But on Wednesday, Top Rank Promotions' CEO, Bob Arum, who represents seven-division king, Pacquiao (51-3-2, 38 KOs), said that he is "optimistic" concerning a bout occurring between the Filipino star and six-time champion Mayweather (41-0, 25 knockouts).

Mayweather-Pacquiao initially appeared to be set for March 13 at the MGM Grand before talks reached an impasse in December over random drug testing for both fighters to be conducted by the United States Anti-Doping Agency.

But since the original talks collapsed, a mutually agreed upon gag order is in place for all parties involved in the negotiations until the talks are complete.

"As you can see, you don't see any quotes from me," said Schaefer. "There's absolutely no comment from my side."