Donald Trump says no to debating 'second place finisher' Bernie Sanders

LOS ANGELES -- Donald Trump has officially squashed hopes for a debate with Bernie Sanders, saying it would be inappropriate to debate the "second place finisher."

Trump released this statement on Friday:

Appearing on ABC's "Jimmy Kimmel Live," Sanders said he was genuinely interested in a faceoff with Trump, saying the pair sees the world in vastly different ways, adding that "the goal would be to have it in some big stadium."

Trump then agreed to Sanders' proposal to debate, but said that the hosting TV network would have to put up millions of dollars for charity.

On Friday, Sanders' campaign released a statement reiterating its interest in debating the presumptive Republican nominee, saying the campaign has received two offers by television networks looking to air a Trump-Sanders debate.

"Both offers include a major contribution to charity," Sanders' campaign manager Jeff Weaver said in a statement.

Click here for full coverage on the 2016 election.

The Associated Press contributed to this report.