By the time Chacon-Limón III took place, both fighters had already lost to Arguello. Because of this, the two rivals saw their third fight as a fight they had to win in order to survive among Jr. Lightweight title contenders. While Chacon had already been a world champion, he was known to enjoy "the sweet life", having bought a mansion and some Bentley cars when he was world Featherweight champion; he felt he needed to win another world title in order to provide him and his family for an even better way of life.