Pacquiao signs contract - VisionQwest not happy about it

8CN has learned that Manny Pacquiao against the will of newly acquired VisionQwest has signed the contract to fight Juan Manuel Marquez. 8CN sources say that VisionQwest is "upset" over the signing. Pacquiao who recently brought in VisionQwest to comb through his financial records and to advise him on business matters, allegedly has signed the contract without consulting with them first. This according to an 8CN source has upset VisionQwest, which can only lead to further issues if the two plan on further business ventures. This type of thing is becoming common in the land of Pacquiao as the current champ has made some rather odd decisions which seem to do damage to his financial worth. Signing million dollar contracts without consulting with the very people that you have hired to protect you leads to speculations. If it's in fact true that Pacquiao has signed a contract without first consulting with his newly hired business advisers one has to ask, why? Why would Manny Pacquiao sign a deal without consulting with the very people he brought in to help him with such a matter? BIG questions that 8CN will be chasing in the coming weeks and months. http://www.8countnews.com/news/125/ARTICLE/4272/2011-08-06.html

Comments (20)

daggum

pacquiao is against condoms so how do you think he's gonna understand a contract?

14y ago

shade_darkar

Because Arum will have cornered him and put sweet words into his ear in order for him to sign it. I dread to think how much money Pac has not seen in his career... Millions upon Millions. At least Mayweather has some business sense to keep himself well kept. these guys get paid too much anyways. mayweather aint doing much better, he seems to forget to pay the IRS quite often.

14y ago

BTL

Manny is a certified idiot.. Arum pumps him full of steroids and takes his money.

14y ago

skillswin

you right - he's not since he returned to boxing. He made some sweet money with the marquez and mosley fights. and for ortiz he'll likely make around 45-50 million before taxes and everyone else is paid. but i personally believe that's one of the main reasons he came back to boxing (verge of being broke and needing money), if not the only reason. im glad he's back either way, though. i like watching floyd exhibit near perfect technique. we don't mind what you believe....

14y ago

sweetscience18

pacquiao has never had a damn car repo'd cause he couldn't pay off a measly 360k. . . now THAT is some broke ass ****! haha mayweather lost about 100 million dollars in HORRIBLE investments, and when the real estate market fell the **** out, he lost everything. . . the only thing he has to show for his money is a McMansion where a bunch of old rich people live and some stupid feminine, girly "flashy-flash". . . LOLOL dude couldn't even make his CAR PAYMENTS! did you watch fighthype? Dudes got two garages full of rolls bentlys and ferraris he aint hurtin for money

14y ago

Biolink

Sounds like the Bob Father is burning a deep hole in Manny's pockets. but as long as he is happy who cares I guess.

14y ago

Chuckguy

Bottom line us that manny has made more than enough money in his career to be set fr life and his kids to be set for life too if he decides to piss it away it's on him not arum. Arum no doubt has screwed manny out of lots of money but manny has by far more than enough and he chooses to Piss it away. What is sad is that the people he hires to look out fr his best interest are screwing him over. Like konz. Arums job is to squeeze the lemon and get as much juice as he can.

14y ago

mathed

manny is by far the most dumbest boxer in history, he will be broke before mayweather is. :yeah: :ok:

14y ago

sugersean15

bob arum right now

14y ago

viewsat

So what are the chances of Bob Arum really having dirt on Pacquiao?

14y ago

Steven_Adams

Any one Else here not buy this???????? :friday: lol @ breaking news

14y ago

MrRolltide91

Also, in addition. Marquez has not said a single word about Manny not signing the contract or Golden Boy? Does no one wonder this at all? jmm isn't with gbp

14y ago

Ray

Arum already said he isnt going to negotiate or deal with anyone who isnt Michael Koncz..He said this in the Michael Marley interview weeks ago when the rumours were flying around that Koncz was fired.

14y ago

The_Gambler1981

Arum got really lucky, he was able to come in after Murrhad Muhamed, Arum runs a nice operation, things worked as planned, Manny got paid, Manny really didn't have to worry about anything. Arum has been running the same game ever since, I can't even imagine how much money he has made off Manny.

14y ago

Carpe_Diem

Arum is pulling the strings. remember, ARUM was the one who got the lawyer for the defamation case. ARUM was the one who did everything financially-related for Manny. ARUM even brought in somebody to manage Manny's endorsements. When Manny brings in an independent firm, ARUM just ignores them. Manny is still a dummy. Same dude who signed with two promoters. :lol1::lol1:

14y ago

The_Gambler1981

Bob Arum found hustler's paradise~

14y ago

The_Future

man i have, it it just seems like this is BS. Arum has said nothing during all this. But who else has said anything or reported anything. nothing from this site, nothing from BT, nothing from Max******, Nothing from any ware except from 8CN. that's the most bizarre thing to me. Fat Dan sucks sometimes but he does report things, and nothing from him either.. Arum not saying anything could mean that this is all BS. if there were more people reporting it than sure. but man, Really hard to believe if you think about it Also, in addition. Marquez has not said a single word about Manny not signing the contract or Golden Boy? Does no one wonder this at all?

14y ago

The_Gambler1981

I personally don't like to see boxers get fleeced, the sport has a history of using dudes up and people taking advantage of fighters. To me that is why fans should care about this kind of thing~ But hey it is his life but that shit sucks if you ask me

14y ago

The_Future

WOW, WOW, and WOW

14y ago

Gino_Ros

Could it be that the bringing in of Vision Quest was actually a Bob Arum manifestation? How can one day Pacquaio be irritated that Mayweather misses his court order than the next day sign a contract without Vision Quests approval? It's either Pac is fu.c.ked up in the head, or Bob Arum is pulling all the strings - I'm going with the latter, but both wouldn't be fall far from reasonable. Just a smoke screen put up by Arum to hide people from the truth, and that is he was cornered by WADA and needed some time to put together a proper response. Arum is pulling the strings. remember, ARUM was the one who got the lawyer for the defamation case. ARUM was the one who did everything financially-related for Manny. ARUM even brought in somebody to manage Manny's endorsements. When Manny brings in an independent firm, ARUM just ignores them. Manny is still a dummy. Same dude who signed with two promoters.

14y ago