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Posted on 11/26/13 at 10:15 am to SlowFlowPro
quote:
i doubt he's broke
Yeah it seems impossible, but
quote:
hiding money is much more likely and he's just doing all of this to act broke
why? What does he have to gain by acting broke? I mean if he wants to walk around the streets like Joe Everyman I get that..but when the IRS is freezing your accounts because you owe taxes from 5 years ago, I'd say the jig should probably be up at that point yes? And he can still "act" broke..just quietly send them a check for the $50M and go on about your life.
Posted on 11/26/13 at 10:57 am to SlowFlowPro
quote:
i doubt he's broke. hiding money is much more likely and he's just doing all of this to act broke
Oh he broke
quote:
Trainer Freddie Roach Says Manny Pacquiao Is Broke & Has To Keep Fighting
Boxing trainer Freddie Roach, made a pretty eye popping comment recently when talking about his fighter Manny Pacquiao.
During an interview Roach reportedly told author and boxing trainer Brin-Jonathan Butler, that because of Pacquaio's large entourage and big heart he has to keep fighting, no matter what.
“He’s broke because of that and all the people he flies around to his fights," Roach said. "He goes through money like you wouldn’t believe. He can’t say no. Of course he’ll have to keep fighting. He does now. He won’t be able to stop – it’s his life.”
The Filipino champion made $20 million for his fight with Shane Mosely in May 2011. He's had previous paydays of $15 million for facing Oscar dela Hoya in 2008, and $13 million for each fight against Ricky Hatton and Miguel Cotto in 2009. In 2010 he got $12 million to defeat Joshua Clottey, and an additional $20 million when he destroyed Antonio Margarito that same year.
With that kind of income it's hard to imagine Pacquiao would be having financial problems, but Roach knows him probably better than anyone else.
quote:
Is Pacquiao going bankrupt?
Rex “Wakee” Salud, a long-time confidante of the Filipino boxing superstar, revealed Pacquiao’s financial status in an interview with Sun Star Cebu’s Erwin Lirazan.
"Di lang kay nahurothurot, hurot gyud! (He did not just lose his money, he lost all of it)," said Salud, who has known Pacquiao since he started boxing in the mid-'90s.
quote:
Manny Pacquiao Borrowed Millions From Bob Arum To Stay Out of Debt
Besides the womanizing, there was smoking, drinking, heavy gambling — which caused him to take seven-figure advances before recent fights from Top Rank promoter Bob Arum in order to pay his debts — and partying nights away while trying to also balance boxing and his political career.
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