By Steve Kim

As of this moment it's not clear just who, when and where Manny Pacquiao will fight next. There were plans to have him face Jeff Horn in Australia and then a fight against Amir Khan in either Dubai or Abu Dhabi was bandied about - when investors were enticing Pacquiao and his team with a reported offer of $38 million.

But it looks like nothing firm is on the table for 'the Pac Man', who last fought on November 5th in Las Vegas, where he out-pointed Jessie Vargas for the WBO welterweight title.

On Tuesday morning Bob Arum explained - "I think what happened was these people in the Philippines sold Manny a bill of goods. I don't know if they were inexperienced that the UAE would come up with tremendous amounts of money. There was no way a normal deal could be be matched."

It was clear that Arum preferred to have Pacquiao fight in Australia, while Pacquiao and his adviser Mike Koncz were seduced by the potential of fighting in the UAE for a ridiculous amount of money.

"So when I told Manny, 'I don't believe it's possible and I think you're going to be disappointed' and he said,'I want to roll the dice' and OK, so I know enough not to argue. I mean how many times do I tell a guy,' It ain't gonna happen, it ain't gonna happen,' and he believes that it will and even if he's not sure he's willing to roll the dice," said Arum who was in the Los Angeles area to promote his April 22nd pay-per-view card from the StubHub Center in Carson, California.

"So I stepped back and I agreed to help these people once I saw the f***ing money. There’s no money [from the UAE]. It’s always pie in the sky. That’s what I said, but until it was obvious it was pie in the sky, Manny said he wanted to roll the dice."

So has he been shown the money?

"No, of course not," answered Arum, who says that despite other published reports that Pacquiao will not be fighting on May 20th but in the summer.

"That's OK,'' said the veteran promoter. "He was only going to fight twice a year anyways and so he's fighting in June or July and he fights in November."

“Koncz is on his way back to the Philippines. And he has the proposal [from me]. He’s in favor of it and he’s gonna discuss it with Manny.”

“He went with a proposal for a fight in June or July. I’m not gonna say anything further about it, because I want Manny to see it and either reject it or accept it before I talk to the press about it.”

Steve Kim is the news editor for BoxingScene.com