The guy gives his money away-didnt Mike Tyson give cars and money away?
He has a huge entourage-Mike Tyson and Ray Robinson had big entourages and both ended up broke at some point
He gets screwed by his promoter,doesnt fight the best money fights e.g taking Clottey for $6-$10m when he could get $40m.Rule number one ,invest in all positive NPVs,the bigger the NPV the better the investment.Why would anyone ever take a less paying fight when he calls himself a prize fighter.A fool and his money are soon parted.
He gets apparently 27% of his purse-Didnt Tyson get screwed by his promoter during his fighting days?
He is spending $10m on an election he's not expected to win,being used by politicians.
Roach gets paid tonnes of $$$ by Pacquiao.I'm not saying Roach aint a good trainer but he just gets too much from that purse.
It's always sad when people end up broke,going back where they came from having been reckless and less clever with their money.
Apart from Pacquiao who else is gonna be on the dole in 10yrs time?
Show me actual documents from the IRS stating Floyd owed them millions.
Okay , I will fax them over. Fucck at least the IRS shiit wasn't started by a convicted crack dealer. Not saying he owes money to the IRS but this is the same guy that says he fights for money because he wants to be able to feed his kids in 10 years. If feeding his kids in 10 years is even a tiny bit of a concern at this points then he clearly has some financial issues.
And to the thread starter, I doubt Pacquiao will be broke in 10 years. He doesn't buy cars for people, he gives food to poor people and his entourage stays in a one room apartment when they are with manny on the road, they don't wear thousands in bling and and stupid shiit like that. Plus it looks like he will be working in the government where you probably have a decent steady income. I would think it is a lot more likely that Floyd ends up broke.
The guy gives his money away-didnt Mike Tyson give cars and money away?
He has a huge entourage-Mike Tyson and Ray Robinson had big entourages and both ended up broke at some point
He gets screwed by his promoter,doesnt fight the best money fights e.g taking Clottey for $6-$10m when he could get $40m.Rule number one ,invest in all positive NPVs,the bigger the NPV the better the investment.Why would anyone ever take a less paying fight when he calls himself a prize fighter.A fool and his money are soon parted.
He gets apparently 27% of his purse-Didnt Tyson get screwed by his promoter during his fighting days?
He is spending $10m on an election he's not expected to win,being used by politicians.
Roach gets paid tonnes of $$$ by Pacquiao.I'm not saying Roach aint a good trainer but he just gets too much from that purse.
It's always sad when people end up broke,going back where they came from having been reckless and less clever with their money.
Apart from Pacquiao who else is gonna be on the dole in 10yrs time?
Calling Pacquiao broke after 10 years without even researching where his money goes (investments) here in Philippines, you sir is stupid.
had to agree with this. i saw a docu once about mannys wealth and even his wife jinkee owns and manages several fashion boutiques in general santos and manila. they even have their own shopping mall, convenience stores and several buildings built available to be leased in manila. he has tons of tv commercials and endorsements too, not to mention 2 tv shows that are still running even if hes busy with the training.
2 of manny's numerous cribs in philippines and cali
http://tinyurl.com/y8w365g
http://tinyurl.com/ybr5uja
nice cribs, PAC for sure has a lot to fall to in the islands and now more than ever thinks he could never go broke in the Philippines...
I mean per day. Nagkamali lang ng sulat. :D
My Bad. That's 40 000 000/1 500 then divide the quotient by 365 which is around 73 years. I was thinking 1 500/ day.
thanks prof 1,500 with his entourage per day ..
I actually took that as a joke. Even without a calculator, I knew that couldn't be close to right. lol And, are you as creeped out by the coincidence of your calculations coming to 666 as I am? lol
lolz I got creeped out as well as I almost did not post the calculations ... he he
Yes, HBO would hire him because of his knowledge of boxing and his high boxing IQ.
He doesn't stutter all the time.
are you...you...you you..sure?
or most possibly doing sign language for the hearing impaired.
Cost of living in the Philippines is cheap. Pacquiao already has some investments in the Philippines: commercial buildings, bars, restaurants, digital printing shop, taxi cabs and I think a golf course.
EDIT: And yeah, just like Hate Giver said. Politics and show business can give you lots of money also, apart from endorsements.
had to agree with this. i saw a docu once about mannys wealth and even his wife jinkee owns and manages several fashion boutiques in general santos and manila. they even have their own shopping mall, convenience stores and several buildings built available to be leased in manila. he has tons of tv commercials and endorsements too, not to mention 2 tv shows that are still running even if hes busy with the training.
2 of manny's numerous cribs in philippines and cali
http://tinyurl.com/y8w365g
http://tinyurl.com/ybr5uja
The guy gives his money away-didnt Mike Tyson give cars and money away?
He has a huge entourage-Mike Tyson and Ray Robinson had big entourages and both ended up broke at some point
He gets screwed by his promoter,doesnt fight the best money fights e.g taking Clottey for $6-$10m when he could get $40m.Rule number one ,invest in all positive NPVs,the bigger the NPV the better the investment.Why would anyone ever take a less paying fight when he calls himself a prize fighter.A fool and his money are soon parted.
He gets apparently 27% of his purse-Didnt Tyson get screwed by his promoter during his fighting days?
He is spending $10m on an election he's not expected to win,being used by politicians.
Roach gets paid tonnes of $$$ by Pacquiao.I'm not saying Roach aint a good trainer but he just gets too much from that purse.
It's always sad when people end up broke,going back where they came from having been reckless and less clever with their money.
Apart from Pacquiao who else is gonna be on the dole in 10yrs time?
How the hell do you know this?
LOL at TS wishing Pacquaio will be broke in 10 yrs.
Floyd: I doubt he'll be broke after that IRS debacle, he can't afford to. Holyfield: maybe if he can't restructure his debts. Toney: if he can't break a career into MMA.
Any boxer with a sleazebag of a business manager would be broke in 10 years if he isn't vigilant enough about his cashflow.
Manny Pac
Floyd Mayweather
evander Holyfield
Joshua Clottey
Ricky Hatton
Paulie Malinagi
Chris Arreola
Hatton? u havin a laugh? the guy is a promoter now and will be putting on 20 or so events this year.
thats on top of the fact he does about 1 million PPV per fight in the UK alone.
I actually took that as a joke. Even without a calculator, I knew that couldn't be close to right. lol And, are you as creeped out by the coincidence of your calculations coming to 666 as I am? lolLOL I mean if pac spends US$ 1 500/ day because of his hangers on lol and that's only his earning last year.
prof how did you get 73 years? I am getting 666 years lolz
40,000,000 / 5,000 per month = 8,000 months = 666 years
bagsak ako sa math ...lolzI mean per day. Nagkamali lang ng sulat. :D
My Bad. That's 40 000 000/1 500 then divide the quotient by 365 which is around 73 years. I was thinking 1 500/ day.
prof how did you get 73 years? I am getting 666 years lolz
40,000,000 / 5,000 per month = 8,000 months = 666 years
bagsak ako sa math ...lolz
I actually took that as a joke. Even without a calculator, I knew that couldn't be close to right. lol And, are you as creeped out by the coincidence of your calculations coming to 666 as I am? lol
That's true one can live comfortably at US $1 500/ month, Now you divide US $ 40 000 000, the amount of money earned by pac last year and see how many years Pacquiao live comfortably on that. You're right that's around 73 years.
prof how did you get 73 years? I am getting 666 years lolz
40,000,000 / 5,000 per month = 8,000 months = 666 years
bagsak ako sa math ...lolz
All the talk about the cost-of-living in the Philippines made me curious, so I did some quick research. From everything I've read, I'm sure Pacquiao could possibly go broke if he spent all his time in Manila, spending wildly on himself and his entourage...if he never invested his earnings and if he didn't have all the endorsements he has in his home country.
I know that there are many members here that hail from the Philippine islands. They could tell me if I'm mistaken about all this. Outside of Manila, everything gets much cheaper. From several accounts on different web sites, one can live very comfortably on $1,500 US a month. This includes all living expenses (cable, electricity, gasoline, eating out, etc.), even a maid (apparently, this is a common part of Filipino culture), and possibly a driver.
We all know most boxers unfortunately wind up broke. In the United States, with its high cost-of-living and relatively materialistic culture, the chances are much higher that a fighter will blow all his earnings after his fighting days are over. Manny Pacquiao will probably live the rest of his life in the Philippines. In other words: Pac ain't ever going broke.
1,500 USD x 45 = 67,500 budget/month, imho you can live very comfortably for a family of four anywhere in the Philippines and it is also correct that its cheaper to live outside the mega cities like Manila ...
and for PAC without the endorsement or investments living the way you mentioned IMHO will still never get broke, his net worth is around 1-2 Billion pesos, let say he spends 100,000 pesos everyday, that is wild enough spending in one day, before he can finish his 2 Billion pesos it will take him 54 years...