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....