Article on Pac and his Financial Future

[greynotsoold]

This guy doesn't hold out much hope. Thought provoking article.
Requiem for a welterweight: Manny Pacquiao may be broke, but is he broken, too? - SBNation.com

[IamInuit]

I could see this starting a couple of years ago. Sad really.

[Ron Swanson]

This article points to why I've never really been a fan of Pacquiao. He's a good guy, he's willing to fight anyone and he is exciting and fun to watch. But, his career is what's wrong with the sport. He's managed very shrewdly. Every opponent, every stipulation, every cent earned is made to serve the management instead of the fighter. Thank goodness for his political career because his boxing career will leave him with nothing.

[greynotsoold]

This article points to why I've never really been a fan of Pacquiao. He's a good guy, he's willing to fight anyone and he is exciting and fun to watch. But, his career is what's wrong with the sport. He's managed very shrewdly. Every opponent, every stipulation, every cent earned is made to serve the management instead of the fighter. Thank goodness for his political career because his boxing career will leave him with nothing.

By how long will his political career outlive his boxing career? My thought is that his political success is probably tied real close to his boxing success.

[Kirkland Laing]

Manny has gone from being a degenerate gambler with a gigantic entourage who is incredibly generous on an immense scale to a born-again Christian who hands the money he would have gambled to the church and still pays for the entourage and every other fucker with their hand out. On top of this he's paying for multiple political campaigns.

It doesn't matter how much money you earn, you can find ways to spend it like water especially if you're not averse to giving it away.
But boxing can't be blamed for this. Larry Holmes invested all the money he managed to get out of Don King in property and is now worth tens of millions. George Foreman saved his money and was wealthy before the grill thing came along. On a smaller scale guys like Froch have kept their money and bought property and are now financially secure.

So you can't blame boxing entirely for this. It's still possible to retire financially secure even if your promoter is Don King. You just have to try and avoid parking your Bentley in the swimming pool and buying tigers and diamonds every day.

[Hulk]

Very sad article. Quite a downer and a little melodramatic, resorting to speculation on guys like Virgil Hill and Roy Jones.

Pacquaio is heading toward the end of his career.

But, he ain't done yet. And Rios damn sure isn't going to finish him off.

[p4pking]

I thought it was preachy, over the top and poorly written. If Pacquiao has made 200 million dollars but he can't stop giving it away and needs to surround himself with an army that he can't afford, it's because he's an idiot, not because boxing is a wretched and cruel sport. Now of course it is that, but Manny is not a victim of it, he's in the very upper echelons of all time earners.It even mentions his lucrative endorsements deals in the article, whose fault is it he blows the millions he gets for being in a commercial or two and wearing a brand of shoes?

At the end of the day he's no different than any athlete or celebrity who does the same thing, he's obviously not a smart guy and has never made a dime on account of being one, so naturally he's a target if he wants to make himself one. It doesn't take any kind of brains to know that you should invest, keep tabs on your finances, put a limit on the number of guys you pay to follow you around, never give a penny to any organized religion, and so forth. The real truth is someone without the sense to put all that together is incredibly lucky to have ever made any kind of money in the first place, and sports/entertainment is about the only field where such people can do so.

The reason boxing can seem more cruel than other sports in the financial realm is because fighters are in control of their own careers, they are independent contractors who still have the option to compete for serious money once they are finished. If a football, or basketball player still has drawing power, but he's old and ruined, nobody will sign him to their team and that's that. Now that raises the issue that promoters or managers should have more of an ethical obligation to the safety of such fighters, but it's still a much different scenario. I thought it was pathetic the way the writer kept on about how Pacquiao could be seriously hurt, or killed in the ring, as if he's already some tragic case.

[KananKrus]

Brin-Jonathan Butler - Wikipedia, the free encyclopedia

Yeah, a lot of substance on the "stuff" he's discussed in this write up--considering most especially, as this author is both a financial guru and a boxing aficionado... It's almost a sin if one remain unconvinced on the veracity of his perceptions...
Right there rubbing elbows with the Hausers!

[FinitoElDinamita]

It took a while for Pacquiao to grow on me but now I am a genuine fan.. Im not a huge fan of his style but it's hard to deny what he's accomplished in this sport. If any boxer deserves a movie about his life, it's Pacquiao.. WHo gives a shit about Mickey Ward lol... PAcquiao's life is a movie..

I dont believe he's broke though..

[Beanflicker]

If Pacquiao has made 200 million dollars but he can't stop giving it away and needs to surround himself with an army that he can't afford, it's because he's an idiot, not because boxing is a wretched and cruel sport.

Yeah I couldn't agree more. I think it's a shame that too often people look to blame inanimate things or concepts (alcohol, drugs, gambling, guns, ect) for bad circumstances, instead of a person's character flaws.

Too many times we see athletes in boxing and other sports go broke, and everything under the sun is to blame but the athlete. Crooked managers/promoters, dirty sport, leaches and mooches, ect. "Ohhh poor guy, he was screwed over" or "ohh poor guy, he was just too generous."

No, he's just an idiot. Nobody put a gun to his head and made him be stupid with his funds.