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Penalosa Insists He Will Never Exploit Manny Pacquiao

by Ronnie Nathanielsz

Former two division world champion Gerry Penalosa who has formed MAG Promotions along with boxing icon Manny  Pacquiao and businessman Anson Tiu insists he will never exploit Pacquiao in the new promotional outfit.

Penalosa issued the clarification amidst concerns that there were individuals exploiting  Pacquiao as evidenced in his tax issues with the BIR and the US Internal Revenue Service and others whom Pacquiao claims are out to destroy his good name.

Penalosa informed us that while MAG is a new company under Pacquiao, himself and Tiu, the “Fighter of the Decade” is only “an industrial partner and for the record he never spent any single cent from his pocket on putting up the promotion (this Friday at Solaire Resorts Hotel & Casino) until now.”

He said Pacquiao “was well informed before putting this promotion and in fact he signed the papers in the SEC (Securities and Exchange Commission) with all h is knowledge that we all have the same advocacy in helping our fellow boxers in the Philippines.”

In the promotion on Friday, Penalosa’s protégé, hard-hitting southpaw Michael Farenas will battle Mexico’s Jesus Rios over ten rounds in what Penalosa hopes will be a stepping stone to a future world title fight against reigning WBO champion Mikey Garcia.

Tags: Manny Pacquiao image  
User Comments and Feedback (Register For Free To Comment) Comment by BlackSnakeMamba on 12-12-2013

Ronnie needs to STFU. That idiot is not even a real Filipino and was a major supporter of the late dictator (Ferdinand Marcos Sr.) Penalosa is a very smart boxer inside and outside the ring. He knows Bob arum and…

Comment by WouldYouKindly? on 12-12-2013

[QUOTE=Agent Stahl;14019810]too late... the trigger has been pulled...[/QUOTE] Police have confirmed that in his suicide note, he made reference to Manny Pacquiao a total of 875 times, and prefaced it with "Fighter of the Decade" every single one of those…

Comment by ShoulderRoll on 12-11-2013

Arum and Koncz will exploit him, doe.

Comment by rambov on 12-11-2013

its when some one has an inbred child with his sister.

Comment by Bretty Poy32 on 12-11-2013

[QUOTE=WouldYouKindly?;14019747]Somebody put Ronnie Nathanielz on suicide watch. RIGHT. F*CKING. NOW.[/QUOTE] too late... the trigger has been pulled...

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