Article: Pacquiao may void both GBP and Top Rank deals!

Pacquiao may void both GBP and Top Rank deals! http://www.ibamensboxing.com/BehindtheScenesIBAGym/photos/thumb9.jpg December 19, 2006 By Dennis Principe / Photos: Dennis Principe After his successful triple shindig, Filipino boxing sensation Manny Pacquiao is now about to face another big mess. Fightnews yesterday gathered that Team Pacquiao is seriously considering the possibility of voiding both promotional deals that the boxer signed with Golden Boy Promotions and Top Rank. In an interview with American trainer Freddie Roach at his hotel in General Santos City, he revealed that both contracts may actually be illegal after all. According to Roach, Pacquiao signed both contracts without informing Shelly Finkel who also has the authority to represent the Filipino fighter being manager on record. “Shelly is in a position to get Manny out of both contracts since Manny signed both contracts without Shelly’s commission,” said Roach. Both Roach and Finkel arrived in General Santos City Saturday morning not just to attend the triple bash of Pacquiao but to also straighten out things that may pester the boxer’s career for most part of next year. Saturday night, Roach and Finkel met with Pacquiao at an undisclosed restaurant in hopes of getting the sentiments of the boxer on the topic of the twin legal punch-up. The meeting however lasted for not more than 15 minutes as Pacquiao wished to spend his time and energy for his then upcoming birthday, baptismal of his only daughter Mary Divine Grace and the blessing of his multi-million mansion. But Roach was quick to add that the move may actually prevent burning bridges among GBP, Top Rank and Pacquiao’s management team. “We cannot commit with both contracts but maybe we can deal with them as individuals. With that Manny can always take the highest bidder and the competition will be real good,” added Roach. Another ruse occurring within the Pacquiao camp are the factions involving those who have their own partiality between GBP owned by boxing superstar Oscar Dela Hoya and and Top Rank guru Bob Arum. According to a reliable source, most of the members of Pacquiao’s camp are pushing the boxer to side with Dela Hoya while Filipino promoter Rex “Wakee” Salud and American agent Michael Koncz are in favor of Arum’s deal. This weekend however, Salud has reportedly jumped ship and is now supportive of Pacquiao ending up with De La Hoya, leaving Koncz alone in his quest to bring the boxer to Arum. The tide may eventually change as Roach is now in favor rendering both deals null and void that could pave the way for a more ideal promotional pact that will be on a per-fight basis. Source: http://www.fightnews.com/principe44.htm

Comments (8)

its quite sure that Pac will dump Top Rank.... 90% of his advisers now wants Golden Boy... thanks to Roach....:DYeah. But there's still that sword of Damocles hanging over Pac's head, pal. I am not too sure Arum will give Pacquiao up without that impending court battle going all the way to a judgment (no out of court settlement, it seems).

19y ago

grayfist

90% Manny Pac will go to Golden Boy... juz talked w/ R**** :D I wish it were 100%, buddy;) But the way matters stand, 90% is pretty good..:)

19y ago

grayfist

My thoughts exactly. Does this mean if I hire an adviser, I am not responsible for anything I do if he's not around and doesn't approve? I guess I could go on a crime spree and then beg for a pardon because my adviser didn't tell me not to break the law. I know that's taking it to an extreme, but grayfist nailed it, what's the point in signing your name if your name doesn't make the contract legit, somebody else (who has nothing to do with the language in the contract) has to approve?Hi there cup...Thanks!:)

19y ago

cupcrazy01

I dunno that Finkel's being manager on record and his lack of knowledge/participation about/in both contracts is sufficient to nullify. I confess some reservations about that. Pacquiao is the principal while Finkel is just an agent. The principal's commitment over-rides any that representatives can make on his behalf. My thoughts exactly. Does this mean if I hire an adviser, I am not responsible for anything I do if he's not around and doesn't approve? I guess I could go on a crime spree and then beg for a pardon because my adviser didn't tell me not to break the law. I know that's taking it to an extreme, but grayfist nailed it, what's the point in signing your name if your name doesn't make the contract legit, somebody else (who has nothing to do with the language in the contract) has to approve?

19y ago

grayfist

I dunno that Finkel's being manager on record and his lack of knowledge/participation about/in both contracts is sufficient to nullify. I confess some reservations about that. Pacquiao is the principal while Finkel is just an agent. The principal's commitment over-rides any that representatives can make on his behalf. But, these are just my thoughts. I don't know enough about the applicable laws and the situation to go any further. Just the same, thanks for the heads up Sucka, old pal! Any news that tends to open the possibility of a Pacquiao fight early next year is always exciting. Pacquiao not fighting is a situation that most hardcore fight fans find difficult to deal with. The guy is one of the most exciting fighters of the time and putting him out to pasteur at this stage....

19y ago

The_Fix

pac should promote his damn self... its better for boxing..

19y ago

Tiyo_Paeng

I hope the Pacman gets out of this mess soon

19y ago

VanesBoxing

poor Pacman, let the guy enjoy his birthday, baptism, victory, and some of that money before everyone pulls him this way or that way.

19y ago