ESPN Reporting: Manny Pacquiao In Serious Financial Trouble

[CouldntBeMeTho]

This dude lives in arguable one of the poorest countries in the world. He gon' be alright.

seriously, his earnings would go sooo far there. he's the mc hammer of the philippines :fabbynsick:

 

[Hiphoplives4eva]

Paciquao and his fans are all morons. They were so focused on Mayweather as if he was the enemy, when in reality the real demon Pac should have been worrying about was Bob Arum!

 

[Black_Jesus]

I just don't understand the concept of how Pacquiao is stupid because he gives his money to his people and his country and he gives Arum his cut for promoting the fight... ITS HIS MONEY.....

What does Floydie do with his money?? Puts $ millions in cash in a duffle bag and takes pictures like a wannabe drug dealer..

 

[Tom Foolery]

You still haven't explained why Arum shouldn't get his cut or why Pac should ditch Top Rank..... Lets say he did leave Top Rank, what would be his first move?

If Pacquiao wants to pay for Arum's services then there's nothing to really explain, but it's a stupid move. He's the second biggest draw in boxing, why not invest in yourself and make double the money? It can be done.

Plus, Pacquiao has like 3 fights left in him. After that, where are these $20million dollar cheques going to come from? I don't think being a crooked politician in the Philippines pays you that much.

 

[FaTaL]

I just don't understand the concept of how Pacquiao is stupid because he gives his money to his people and his country and he gives Arum his cut for promoting the fight... ITS HIS MONEY.....

What does Floydie do with his money?? Puts $ millions in cash in a duffle bag and takes pictures like a wannabe drug dealer..

at least his money goes into his duffle bag

mannys money goes into arums bank account

i feel bad for manny, we all know how this will end up

i mean we see this coming from a 1000 miles away, another tragic figure in boxing

 

[Danie84]

Interesting role reversal

 

[Black_Jesus]

If Pacquiao wants to pay for Arum's services then there's nothing to really explain, but it's a stupid move. He's the second biggest draw in boxing, why not invest in yourself and make double the money? It can be done.

Plus, Pacquiao has like 3 fights left in him. After that, where are these $20million dollar cheques going to come from? I don't think being a crooked politician in the Philippines pays you that much.

Just like Floydie pays golden boy for there services and can't promote a card by himself as big as Floyd is, why does he need GB... i guess hes stupid too...But no one says anything about that ... 50 cent mentioned it in multiple interviews though.. he also says that Floydie is not even close to as rich as he seems to the public

 

[Black_Jesus]

at least his money goes into his duffle bag

mannys money goes into arums bank account

i feel bad for manny, we all know how this will end up

i mean we see this coming from a 1000 miles away, another tragic figure in boxing

And Floyds money goes into Richard Schaefer, Al Haymond, and ODLH bank account... whats your point??

 

[FaTaL]

And Floyds money goes into Richard Schaefer, Al Haymond, and ODLH bank account... whats your point??

one day both of these guys will regret not getting the fight done

 

[yoyoyo1]

Manny basically fighting on a Zou card, Zou is the attraction, shameful shyt for someone that was just on top of the Mount Rushmore of boxing

this sums up the smart dumb nikkas/trolls that make up most of the boxing posters in here

1. he's smart enough to know about the zou shiming situation

2. unfortunately also smart enough to twist it around for his agenda

3. completely makes up a "fact" that someone who doesn't know boxing would take at face value

4. it's actually not even an important post but it just adds to the clueless nature of these discussions

5. maybe i'm giving him more credit than he deserves, and he actually believes it

 

[Tom Foolery]

Just like Floydie pays golden boy for there services and can't promote a card by himself as big as Floyd is, why does he need GB... i guess hes stupid too...But no one says anything about that ... 50 cent mentioned it in multiple interviews though.. he also says that Floydie is not even close to as rich as he seems to the public

Well Floydie isn't shadow boxing in the ring. He needs an opponent and other fighters under the card. And Golden Boy works for Floydie not the other way around. Pacquiao works for Top Rank and does what his boss tells him to do.

Unbeaten Boxer Pioneers Ways to Make Money Hand Over Fist

For most of the first 10 years of his career, Mayweather fought for the promotional company Top Rank Boxing, under a more typical model, with most of his money guaranteed upfront. Their split, in 2006, was far from amicable, marked by lawsuits.

Once freed, Mayweather met with Leonard Ellerbe and Al Haymon, his most trusted advisers, to develop a new plan. They wanted to control every aspect of a promotion, including the promoters, whom Mayweather hires on a contract basis for each fight. He also changed his nickname, from Pretty Boy Floyd to Money Mayweather, part of a philosophical shift.

For his last four fights, Mayweather has hired Golden Boy Promotions, a company started by Oscar De La Hoya but run by Richard Schaefer, a former Swiss banker with no previous boxing background.

To explain the business model, Schaeffer starts with a pie. A little more than half goes to the distributors (Time Warner, DirecTV, etc.). The balance goes to the network, HBO or Showtime, which takes its distribution fees and hands the rest to the promoters.

In this case, Golden Boy has one contract with HBO and another with Mayweather Promotions. But the money, less what distributors and networks take, is under Mayweather’s control; normally the promoter would control it.

That pie is only part of the total revenue, the pay-per-view TV part. To illustrate the other revenue streams, Schaefer pulled a piece of paper from his pocket, a spreadsheet written in 6-point typeface. Drawn out, Schaefer said it would take up two chalkboards, but on the sheet in his pocket, it was boiled down to a formula for how much Mayweather would earn, based on how many people bought the fight and what the other revenue streams brought in.

Those streams include foreign sales for a fight broadcast in 168 territories; closed-circuit revenues (in 2,000 or so bars and restaurants nationwide, in theaters and in rooms at Las Vegas casinos); site revenue (ticket sales, merchandise); and sponsorships. Most boxers would see little, if any, of that money, whereas, Schaefer said: “All revenues here are Mayweather revenues. He gets part of everything.”

Roger Federer does not make money off the sales of strawberries and cream at Wimbledon, nor does Derek Jeter’s contract include the Yankees’ TV contract in Asia. Mayweather has devised an altogether different model for marquee athletes.

But, under this model, the expenses are Mayweather expenses, too, including advertising (radio spots, print ads, TV commercials), publicity (press tours, news conferences), sanctioning fees, legal contracts and insurance. For a fight of this magnitude, Schaefer said the expenses would run about $10 million.

Once Mayweather builds his stable of fighters he won't need GBP.

And if Floyd is going broke/not rich, why is 50 so desperate to start up a promotion company with him? Should he just go back to selling Multi-Platinum albums?

 

[FaTaL]

Well Floydie isn't shadow boxing in the ring. He needs an opponent and other fighters under the card. And Golden Boy works for Floydie not the other way around. Pacquiao works for Top Rank and does what his boss tells him to do.

Unbeaten Boxer Pioneers Ways to Make Money Hand Over Fist



Once Mayweather builds his stable of fighters he won't need GBP.

thats really interesting, only a few fighters could pull that off.

 

[L@CaT]

Bob Arum is such the stereotypical Jew its Hilarious

 

[Black_Jesus]

Well Floydie isn't shadow boxing in the ring. He needs an opponent and other fighters under the card. And Golden Boy works for Floydie not the other way around. Pacquiao works for Top Rank and does what his boss tells him to do.

Unbeaten Boxer Pioneers Ways to Make Money Hand Over Fist

Pacquiao is a congressman from the Philippians.. ever think maybe he doesn't have the time to become a pinoy version of Bob Arum and run a major boxing promotional company while fighting at the same time... if Floyd wants to try and do that cool, but you cant call Manny stupid because he chooses not to be his own promoter and stick with the Top Rank team... Floyd is a Goldenboy fighter under contract regardless of how you wanna word it... GoldenBoy makes money off Floyd... Top Rank makes money off Pac

Once Mayweather builds his stable of fighters he won't need GBP.

And if Floyd is going broke/not rich, why is 50 so desperate to start up a promotion company with him? Should he just go back to selling Multi-Platinum albums?

Floyd and 50 could have their own promotional company today without having to line Schaefer and GBs pockets.. Floyd wanted no parts of it...

I never said floyd was going broke, just said he's not as rich as he comes off to the public.. since he's his own promoter he writes himself a check for 32 million and nikkas think Floyd just came up 32 million without taking in an account the expenses that Floyd has to pay since he wants to be "his own promoter"

 

[Roaden Polynice]

i just txted the biggest pac man stan i know with this photo

"meanwhile at the money team, we eating good"

You're not a part of the Money Team though