excerpts from Kevin Iole's article today
Aug 20, 2010
Arum, though, pointed out that Golden Boy still has a piece of Pacquiao and will be entitled to 25 percent of the profits from Pacquiao’s side from the Margarito fight.
“Given that Oscar is saying Margarito should be banned for life, ask him if he’ll accept the profits from the fight,” Arum said. “If he does not, I will guarantee that I will donate the entire amount to charity.”
http://sports.yahoo.com/box/news?slug=ki-boxingnotes082010
how much? like five millions?
300k advance in a duffle bag.........lol
and the reason Arum made a settlement with Golden Boy (even though it wasnt his fault Pac signed 2 contracts) is because Arum didnt want to take the chance that perhaps a court might rule in GB's favor and invalidate Arum's contract.
So in essence, he felt that a guaranteed 75% of Pac's promotional profits was better than a possible 100% of nothing..............
He's no fool.
Oscar offered him a huge signing on bonus, manny signed
Top rank offered him an even bigger one I think and convinced him to return the signing on bonus back to oscar and sign with them. they told him they would deal with getting him free of gb and paying them
So now part of what top rank get from manny, 25 percent goes to golden boy
ok. thank you.
it was not the best move by manny. i am not a boxer but i know that you can not sign two contracts.
lebron knows that he could not sign with two teams. have this ever happened to any body else?
can some body tell me why manny signed with 2 promoters
Oscar offered him a huge signing on bonus, manny signed
Top rank offered him an even bigger one I think and convinced him to return the signing on bonus back to oscar and sign with them. they told him they would deal with getting him free of gb and paying them
So now part of what top rank get from manny, 25 percent goes to golden boy
How so when you made this thread?
http://www.boxingscene.com/forums/showthread.php?t=405364
How quickly did you forget
Fucking idiot.
ouch. pwned.
:owned:
BINGO!
finally another person who makes sense.
if floyd fights under gbp , gbp gets 50/50 co-promotion on pacquiao.
Thanks for the info Tua man. I felt dumber and dumber as I ran through the pages. Interesting though.
Arum owns Hoya!!!!!!!! again and again
How so when you made this thread?
http://www.boxingscene.com/forums/showthread.php?t=405364
How quickly did you forget
Hoya is one greedy bastard!
Fucking idiot.
Didnt want to Repost this but there are way too much highschool drop out on this forum....... How stupid can you be to think that Bob and Oscar take about 50% off of Mannys take....
Basically the 25% is not comming directly off of Pacman.... Its comming off the money that is usally paid 100% to Arum.... Thus when Pacman fights Oscar take 25% of the money that Arum would usually take all of....
Math 101... Simple Example
Lets Say fight a fight makes $100
Arum Takes 25%- $25
Fighter "X" Takes 75% - $75 ( of this $75 fighter "X" Pays for trainer fees and other expenses
Now a fight That involves Pacman:
Arum Take 25%- $25. Now of that $25, Arum must give 25% of it to Oscar.
Thus, 25% of $25 dollars is $6.25, that will go to Oscar.
Pacman Take 75% - $75 (of this $75 Pacman Pays for trainer fees and other expenses)
People its never to late to go back to school....
http://lh5.ggpht.com/_x-EurqSgeH8/SK8wJrIzfLI/AAAAAAAAADI/7C6RR_FWDFI/nba+stay+in+school130.jpg
http://cdn2.ioffer.com/img/item/143/452/933/ANTE.jpg
close thread
i mean some one independant, not koncz or arum or gacal.
Believe me he has at least 3 or 4.
Arum is his promoter and doesnt handle his money after Pac recieves it
And Knocz is his advisor and also doesnt handle money
Dude are you new to life?
Manny has several lawyers and accountants.
Its like asking whether Lebron or Arod have one.
i mean some one independant, not koncz or arum or gacal.
i know that gb is taking a bunch of mannys money. manny should get a lawyer to check on the deak because the money comes from manny and not from arum.
manny is the fighter of the decade and the p4p no 1 and he should be making more money than floyd.
Dude are you new to life?
Manny has several lawyers and accountants.
Its like asking whether Lebron or Arod have one.
i know that gb is taking a bunch of mannys money. manny should get a lawyer to check on the deak because the money comes from manny and not from arum.
manny is the fighter of the decade and the p4p no 1 and he should be making more money than floyd.