Bookmark Website  | Free Registration  | The Team

Boxing Champions |  Boxing Schedule |  Boxing Video  |  Boxing History   |  Pound For Pound  | The Wire |  Audio  |  Arcade
Pacquiao Lawyer Puts Tax Issues on Koncz's Shoulders - Boxing News
Advertisement
BoxingScene Archive
• Boxing Articles
• Boxing Interviews
• Breaking News
• Boxing Press Releases
• Boxing Results
• World Boxing News
Follow BoxingScene
 
Search BoxingScene

>>>Advanced Search<<<
• Register A Free Account
• Account Login
• Boxing Schedule
• Boxing Champions
• Boxing Downloads
• Boxing Forums
• Boxing News Wire
• Boxing Photos
• Boxing History
• Boxer Search
• Fantasy Betting
• Feedback
• Fitness and Health  
• Free Homepage
• Mixed Martial Arts
• Pound For Pound
• Upcoming Fight Archive
                                                                                                                                                            ...............

 Last update:  1/6/2014       Read more by Edward Chaykovsky         
   
Pacquiao Lawyer Puts Tax Issues on Koncz's Shoulders
Share Click Here To Email Printable version Search BoxingScene Database 

By Edward Chaykovsky

Disagreements within the inner circle of Manny Pacquiao's team is nothing new.

Over the last few weeks, media outlets from all over the world have given coverage to Pacquiao's issues with the Internal Revenue Service (IRS) and the Bureau of Internal Revenue (BIR). It is being claimed that Pacquiao owes $18 million dollars to the IRS and $50 million dollars to the BIR.

Pacquiao's longtime legal adviser, Franklin Gacal, says the Filpino star's longtime adviser, Michael Koncz, is the point man when it comes to paying taxes - and if there are any issues with monies being owed for tax liabilities, then Koncz is the person to blame.

"Well, it appears there is really a problem. The IRS is claiming there is a tax deficiency. If there were some mistakes, it was Mike’s fault. Why did it happen? They were supposed to have hired accountants. At the end of the year, after the filing of the tax returns, all problems should have been solved. If the U.S. still has claims, there should be problems with recording and everything. So this is the point man’s fault and that is Mike," Gacal told Edwin Espejo of Rappler.

Later in the interview, Gacal claimed Koncz was siding up to Top Rank's CEO Bob Arum, because he wants to position himself for future work when Pacquiao retires in the near future.

"Mike looks up to Bob Arum [for] when Pacquiao is done with boxing. When Pacquiao is done, who is he [referring to Koncz]? So he has to maintain his good relations with Bob Arum," Gacal said.

Tags: Manny Pacquiao , Michael Koncz


 

 User Comments and Feedback (must register to comment)

comment by BannedBooksRule, on 01-08-2014
[quote=AboutBillions] Quote: Originally Posted by .:: JSFD26 ::. Koncz 'works' for Pacman. He gets paid for it. Someone correct me if I'm wrong. Posted from Boxingscene.com App for Android He supposed to work for PAC, But really works For Arum. Huge conflict in interests. [/quote] So...

comment by ShoulderRoll, on 01-08-2014
If Pac wants to be loyal and keep a good working relationship with Arum then he should just do what Cotto did. Once his contract is up just remain a free agent and don't sign exclusively with any one promoter. That way you have options on both sides of the street and with two different networks.

comment by billeau2, on 01-08-2014
[QUOTE=leericists]1 wow what does Floyd have to do with this ? 2 wasnt manny told this about 2 years ago ? why didnt he do anything about it ? 3 isnt Freddie roach suppose to be manny friend ? i think he even won an award in the philippine or sum ? he's been in the boxing business for how long ...

comment by MindBat, on 01-08-2014
I'll be darned if Pacquiao re-signs with TopRank after his contract expires. He better have his own promo company in place with trusted folks in his stable or get out of the boxing game and stick to politics. He needs to get his finances in order for his and his family's sake.

comment by Big_L, on 01-07-2014
[QUOTE=p4p-champ]Without question thats what happened. Arum has the entire Pacquiao team played for fools. Koncz was endorsed by Arum himself to be Manny's adviser...its unbelievable that nobody on team Pacquiao had an issue with that.[/QUOTE] roach has always had a problem with koncz. not ...

Post A Comment/View More User Comments (119) 

   
 Top Headlines
 Advertisement
 
 MMA Headlines
 
 Related Articles
  Donaire-Walters Being Added To ...
  Canelo's Options Include Kirkla...
  Rico Mueller Faces Czar Amonsot...
  Zhanat Zhakiyanov Getting Close...
  Maidana: If Floyd Runs Like a L...
  Manny Pacquiao To Help Create C...
  Garcia Not Happy With Floyd's M...
  Ellerbe: Floyd Mayweather Deter...
  Brian Rose to face Juan Manuel ...
  Antonio Orozco-Steve Forbes Set...

 Latest Active Forum Threads
Latest Active Threads
 Advertisement

 


Advertisement



Privacy Policy - Submit News - Feedback - Site Map - Advertise with Us

Copyright © 2003-2013 BoxingScene LLC. All rights reserved.