ESPN Reporting: Manny Pacquiao In Financial Trouble... Wow

[AnKhang]

Remember he got a 1 million as a signing bonus from top rank...

WHAT AN IDIOT, and he is a politician. lololololololololol
No wonder the place is a third world country... if you cant understand simple finances then you probably shouldnt be running a country.
Im american so i know all about politicians with no financial acumen

Yes, because just being from the US qualifies u as an expert in the financial expertise of our congress members, who ,btw, get paid by our tax dollars to manage state funds and budgets, which btw aren't getting passed, not because congress members are stupid, but because of polar ideologies... Yeah, great job showing u know allllllllllll about the financial acumen of politicians just because ur from the US.

[rambov]

This isn't funny, Guys like Bob Arum take advantage of people like Manny. Manny is a victim in all of this.

[JustinBieberFan]

The thing is the "hate" has nothing to do with Floyds personality or what he does outside the ring at all. Those are just excuses Floyd fans use to avoid the real issue. The "hate" comes from Floyd saying and acting like he's the greatest yet ducking all the best fighters. A real boxing fan can spot the fake a mile away. Experienced fans are not going to be blinded by gimmicks and showcase fights like other people are. Truly great fighters don't duck and dodge anybody win or lose. That's what the best boxing is all about and know amount of hype and promotion can make robert guerrero or sharmba mitchell or a shot Mosley the test of a true champion.

Just stop crying dude..its hard to tell which balls u enjoy more pacs or floyds..stop being so obsessive and butt hurt

[billeau2]

Athletes like floyd and manny have a loy of write offs to. Way more then the common man or a pizza store owner. Plus Manny don't even pay U.S taxes so there goes your theory. Plus the mayweathers and bhop i know for a fact all own rental properties.

oh damn!!! there is goes! cause lordy knows dey ain't no taxes in dem filipenes....no no no!

Write offs huh? With an earned income of millions I bet Floyd doesn't keep his mortgage high (that would be a big write off) which is perhaps the biggest write off. Learn what you are speaking about before you jump over here.....You obviously are lacking knowledge about the scale one deals with regarding such a high income...The proof is the pudding, there is a large preponderance of broke pro athletes who earned a small fortune and it is not because they are:

a) stupid b) greedy c) ripped off by their entourage, etc.

[billeau2]

How come Floyd the ingreat wasn't saying fuk off to the big bad Bob Arum when Floyd was begging him to save his life from J prince?

damn! did you have to go to night school to grow a thumb?

[Slip Stream]

I knew something was up when he claimed to buy a new home in Vegas before the Cotto fight and it turned out to be Konz house instead.
Guy is putting up appearances by claiming to buy a Ferrari on 24/7 when rumors are he is deep in debt to Arum before and after every fight.
Who turns down $40 million to fight Floyd when your usually making half that?

Whether these reports are true are debatable, besides who cares how much money Manny has? Its his money, heh, if he cared about it half as much as his fans he'd be a billionaire. As to your post, I'll tell you who turns down a record guarantee, a man that's never understood his power and appeal. He didn't get it but Bob Arum sure as heck did and he knew he had a mark in Manny.

If these reports are true, then this is the inglorious sight of fading wealth and fame. It's pretty tragic actually but how many fighters have succumb to bad judgement?

[billeau2]

Manny has a home in la. He pays us taxes in addition to the other taxes he pays. But it seems he's really more of a degenerate that spends money on hookers, buying elections, ferraris and gambling.

If you replace hookers with strippers and buying elections with buying bentleys, that sounds just like some fighter I know. Except that guy makes much much more.

Certainly when you "buy" things that depreciate the minute you use them...you are wasting money. But there is a serious red herring at work here if one believes that these guys go broke because of spending....Drugs can be an exception to that for sure....a cocaine habit could drain the Rockefellers!

The vast majority of these guys find it very earth shattering when they find out their tax burdens....Case in point the Filipines pursuing Manny over the tax bill. The legal fees, the late fees, the lack of decency that these bill collectors for the elites have for people virtually guarantees that no matter how loved, how obvious that the athlete was not directly responsible....the IRS up until recently would not give options to pay back fees. They treated Joe Louis like a common hood when like a lot of fighters, management fees, the dishonesty of others, and perhaps a few toys, virtually guaranteed financial downfall.

Most financial institutions are forced to wait to get paid...the IRS still uses what amounts to debtors prison. People should pay their debt, but it should be worked out so they are not financially ruined doing it.