Pacquiao in the shit and will be fighting a few more years yet!

[ross]

He hasnt been paying his taxes and owes shit loads!

IRS Now Targets Manny Pacquiao For $18 Million in Debt - Boxing News

[armin]

This is what always gets me these dudes spend millions on cars, houses, hangerons but they can't keep an accountant on payroll to take care of this shit...

[p4pking]

Unbelievable really, I have little sympathy for people that make this kind of money and get into such trouble. I'm sure it's a pile of BS the taxes and expenses he encounters as a result of fighting abroad, but that's just what it is, something he should have been aware of an on top of. If he paid one or two good accountants the same as he does a legion of dopes to follow him around he would never have wound up in this position. The article says he has upwards of 50 million in debts in the Philippines as well, and a lein out on his home ffs.

[Ron Swanson]

Two words-Bob Arum

Did you hear his nonsense about Mannys tax money? Bob withholds it then it goes to Konkz company to pay it. Unnecessary extra steps are an easy way to have "confusion".

Bob has been giving Manny loans which have penalties and interest and he pays Manny with Mannys own money. The "loans" are actually Mannys residuals that Manny never receives. The guy is straight evil but boxing reporters don't call him on his BS because they want that next interview.

[p4pking]

Probably true, but it still doesn't clear Pacquiao of being an idiot. Arum is just a typical promoter, if you want to feel sorry for someone under his roster look to the guys who aren't getting opportunities, not the cash cow who doesn't have the sense to look into where his own money is going.

[Beanflicker]

Oh Manny...

Like p4p said it's hard to have sympathy for these guys. Manny loves to hand over money to anyone who asks? How about handing some money over to a good accountant? Maybe a good investment banker? Dummy.

[Ron Swanson]

I hear you guys that in the end Manny is responsible for Manny but I know a few people who have lost their nut giving their money to investment bankers as well.

I just want to see someone call Bob on his BS. It never stops and nobody questions it. Take that BS stadium. When you build a bigger place you only create more cheap seats. His numbers he through out were clearly not even close to reality. Why didn't one reporter say Bob I did the math and that isn't close to right. I mean MGM wanted a 2 fight agreement to cover the LOSSES. Why didn't anyone say hey Bob....

[bradlee180]

Top fighters and World Champions going broke and bankrupt while they are still active participants within the sport is nothing to celebrate.

That's part of the call for Boxing to be banned in many parts of the world.
The sportsmen leave the sport with broken bodies and damaged minds, and not even any money to show for it.
About 99% of the approximate 19 thousand licensed pro boxers worldwide will never see a big payday. Ham-and-egger extra weekend money while working a day-job.
Of the 1% that see the huge paydays, very, very few keep any of it nor manage to be solvent after their career is over.

Hey, it's their money, they can spend it however the f*<k they want as they earned it with their sweat, sacrifice, and pain. But this sport is f*<ked, wouldn't you agree?

[ross]

The problem is so e fighters are thick!

Mayweather probably pisses alot of his cash away but I bet he has the ense to pay the tax man first.

Manny probably gets a tiny percentage of his purses after all expenses so to owe so much he must never have been paying any! Its ridiculous and I cant see how he can ever be rich when he has so few big fights left and such a massive debt!

[bzkfn]

So basically they need the Floyd fight, which is why all the demands are being dropped and Manny has suddenly got over his fear of needles?

[Max Power]

David Haye, Sultan Ibragimov, both Klitschko brothers, Lennox Lewis...

These are the smartest boxers on the planet. Vitali, Wladimir and Lewis were dominant champions who beat the living shit out of virtually all of their opponents and barely sustained any damage at all during their entire careers, had good business management skills and did/will retire rich and healthy.

Haye and Ibragimov not nearly the same level of success but again, they beat the shit out of nearly all their opponents, sustained barely any damage and retired healthy and wealthy enough to live comfortably the rest of their lives.

Pacquiao ought to be ashamed. How can one waste so much money!

[ruthless rocco]

David Haye, Sultan Ibragimov, both Klitschko brothers, Lennox Lewis...

These are the smartest boxers on the planet. Vitali, Wladimir and Lewis were dominant champions who beat the living shit out of virtually all of their opponents and barely sustained any damage at all during their entire careers, had good business management skills and did/will retire rich and healthy.

Haye and Ibragimov not nearly the same level of success but again, they beat the shit out of nearly all their opponents, sustained barely any damage and retired healthy and wealthy enough to live comfortably the rest of their lives.

Pacquiao ought to be ashamed. How can one waste so much money!

Always back to your personal Klitchko/Lewis heavyweight agenda... Even when the thread has nothing to do with them. Take a look at yourself man.... It's pathetic!

[Max Power]

It's only the way you choose to read it. Just saying not ALL boxers are stupid when it comes to career and money management. Mayweather will retire rich too despite spending lots. Am I allowed to say that without criticism? Mayweather isn't HW?? I would include someone from an older era if that would make you feel better but I can't think of any.

[Max Power]

GOT ONE Rocco... George Foreman... What a tycoon! LOL A living legend.

[ruthless rocco]

It's only the way you choose to read it. Just saying not ALL boxers are stupid when it comes to career and money management. Mayweather will retire rich too despite spending lots. Am I allowed to say that without criticism? Mayweather isn't HW?? I would include someone from an older era if that would make you feel better but I can't think of any.

...but you didn't choose Mayweather as your example you idiot! You chose The Klitchkos and Ibragimov and Haye. You moron.