Recently Manny “Pacman” Pacquiao was advised by one of the “good guys” in his circle to bring in VisionQwest to take a good look at his financial records in order to determine if his money has been on the up and up.
According to a reliable source, VisionQwest has found a substantial amount of discrepancies far exceeding the million dollar tax refund that Bob Arum was quoted as saying.
8CN welcomes Bob Arum and or Michael Koncz to join us to either deny or admit these allegations.
8CN has also been informed by our sources that Manny Pacquiao has not signed the contract to fight Juan Manuel Marquez, which is set for November. Our sources inform us that Pacquiao and his newly hired team (VisionQwest) are not satisfied with the alleged 20 million dollar guarantee (plus upsides of the PPV). Sources tell us that VisionQwest through their investigation have determined that Pacquiao has been extremely underpaid for years, particularly with the PPV buys.
Our sources tell us that no matter what Koncz is saying to selected media types about remaining Pacquiao's adviser, it's simply not true. Pacquiao has signed a contract with VisionQwest, and they are currently handling all of Pacquiao's business matters.
8CN will continue to stay on this story and update you accordingly.
http://www.8countnews.com/news/125/ARTICLE/4179/2011-07-24.html
remember when a bunch of pactards got really excited when Nonito Donaire had to stay with Arum? Yeah this is why we were scratching our heads about why you would be cheering for Arum (was because he is associated with your demi-god)...now we find out he has screwed your hero horribly and your hero looks like a uneducated idiot with the intelligence of a 3rd grader...still cheering for bob arum pactards?
and the pinoy elected Pac to a political office! :rofl:
I guess third world countries really are full of nothing but religious zealots and uneducated idiots.
It would be laughable if it wasn't so sad!
Do you remember the lawsuit that GBP filed last year that gave DETAILED examples of discrepancies in the accounting of Pacquiao's fights?
For examples:
One number released to the press (and Manny) and another number on the official NSAC contract
Wildly overstated expenses for the promotional tour/flights
Exaggerated costs for the undercard.
Understated revenue from sponsors
Basically, Arum tied to make it appear that Top Rank was making far less money than they were ACTUALLY making.
manny better do what oscar and floyd did
uh-oh...........
Do you remember the lawsuit that GBP filed last year that gave DETAILED examples of discrepancies in the accounting of Pacquiao's fights?
For examples:
One number released to the press (and Manny) and another number on the official NSAC contract
Wildly overstated expenses for the promotional tour/flights
Exaggerated costs for the undercard.
Understated revenue from sponsors
Basically, Arum tied to make it appear that Top Rank was making far less money than they were ACTUALLY making.
1) Oscar Delahoya said this last year; even filed a lawsuit on this issue
2) Floyd Mayweather, JR has been saying this for three years
2) The NSAC contracts revealed that Manny was paid FAR below what Arum claimed to the press.
uh-oh...........
According to a reliable source, VisionQwest has found a substantial amount of discrepancies far exceeding the million dollar tax refund that Bob Arum was quoted as saying.
Let me tell you what is happening here:
Bob Arum was going to tell Manny "Look, Manny, we did a thorough audit of your finances and taxes, and we uncovered a million dollars due from the IRS. Here's a million dollars"
Manny would be happy that he got more money. And that his finances were "investigated". Not realizing that Arum has pocketed about $15 mil.
Typical grifter move.
True story.
He spent millions of his own money for his political campaign, I'm sure that's were a nice chunk went.
he always gives his money away like MC Hammer
It's not the expense line, it's the revenue line.
8CN has also been informed by our sources that Manny Pacquiao has not signed the contract to fight Juan Manuel Marquez, which is set for November. Our sources inform us that Pacquiao and his newly hired team (VisionQwest) are not satisfied with the alleged 20 million dollar guarantee (plus upsides of the PPV). Sources tell us that VisionQwest through their investigation have determined that Pacquiao has been extremely underpaid for years, particularly with the PPV buys.
http://www.8countnews.com/news/125/ARTICLE/4179/2011-07-24.html
1) Oscar Delahoya said this last year; even filed a lawsuit on this issue
2) Floyd Mayweather, JR has been saying this for three years
2) The NSAC contracts revealed that Manny was paid FAR below what Arum claimed to the press.
Recently Manny “Pacman” Pacquiao was advised by one of the “good guys” in his circle to bring in VisionQwest to take a good look at his financial records in order to determine if his money has been on the up and up.
According to a reliable source, VisionQwest has found a substantial amount of discrepancies far exceeding the million dollar tax refund that Bob Arum was quoted as saying.
8CN welcomes Bob Arum and or Michael Koncz to join us to either deny or admit these allegations.
8CN has also been informed by our sources that Manny Pacquiao has not signed the contract to fight Juan Manuel Marquez, which is set for November. Our sources inform us that Pacquiao and his newly hired team (VisionQwest) are not satisfied with the alleged 20 million dollar guarantee (plus upsides of the PPV). Sources tell us that VisionQwest through their investigation have determined that Pacquiao has been extremely underpaid for years, particularly with the PPV buys.
Our sources tell us that no matter what Koncz is saying to selected media types about remaining Pacquiao's adviser, it's simply not true. Pacquiao has signed a contract with VisionQwest, and they are currently handling all of Pacquiao's business matters.
8CN will continue to stay on this story and update you accordingly.
http://www.8countnews.com/news/125/ARTICLE/4179/2011-07-24.html
Your report, at the top, did not confirm, that MannyP. had IN FACT acceded to their suggestion that he bring in VisionQuest to audit his finances. Just that the "good guys" had advised him to.
In this case, could it be that these "good guys" are those guys who are "good" for themselves.
According to MannyP.'s lastest release, minutes ago, just read, He pointed to Michael Koncz nearby, and just said "you see, he is still here". He also said that he was arranging a meeting between Koncz and James in which this whole matter will be investigated and threshed out. he says basically, that he will get to the bottom of it. And by implication...put a stop to it.
Messed up Pacquiao is naive that's what every pinoy has said to him.
Fire Konz once and for all and get out of the contract with Bob Arum/Top Rank
if that happens, floyd/manny would be easy to make.