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By Ronnie Nathanielsz - WHEN you analyze what has happened to Manny Pacquiao ever since his spectacular knockout over legendary Mexican Erik “El Terrible” Morales on Nov. 18, 2006 at the Thomas & Mack Center in Las Vegas, it does seem he has made all the wrong decisions.
People suspect that Pacquiao suffered one setback after another due to the so-called advisers around him, categorized as leeches sucking on the ring gladiator’s hard-earned blood money.
His first mistake in the eyes of esteemed men in boxing, such as World Boxing Council founding secretary-general Rudy Salud, was when he signed a seven-fight contract with Golden Boy Promotions of Oscar de la Hoya in mid-September in the presence of his lawyer Franklin “Jeng” Gacal and then, some two months later, signed a four-fight deal with Top Rank promoter Bob Arum.
Arum claimed that there was a provision in the bout agreement for the third fight with Morales that Pacquiao could not sign with any other promoter until after the November showdown with Morales. Arum used that as an argument to claim that the contract Pacquiao signed with Golden Boy was illegal because it violated the bout agreement with Top Rank.
However, then Nevada State Athletic Commission executive director Marc Ratner maintained in several e-mails to Viva Sports/Standard Today that there was no such provision in the bout agreement for the Morales fight, which would probably mean that it was signed either before or even after news leaked out that Pacquiao had signed up with Golden Boy, but was never filed with the NSAC.
Arum himself maintained that Gacal went through the contract with a fine tooth comb and was aware of the specific provision. But Gacal never ever admitted or denied Arum’s claim.
Golden Boy gave Pacquiao $500,000, which was broken down as $350,000 signing bonus and $150,000 advance on his first fight. In fact, Pacquiao accepted an attache case stuffed with $250,000 in cold cash, the way he wanted it, according to trainer Freddie Roach.
Arum made capital of this to try and discredit the way De la Hoya did business and claimed even further that Pacquiao was tired after a long flight from Manila and was not in the best frame of mind to study and sign a contract. He, of course, ignored the fact that Pacquiao’s lawyer was present and so was Joe Ramos, his chief of staff at that time. [details]
People suspect that Pacquiao suffered one setback after another due to the so-called advisers around him, categorized as leeches sucking on the ring gladiator’s hard-earned blood money.
His first mistake in the eyes of esteemed men in boxing, such as World Boxing Council founding secretary-general Rudy Salud, was when he signed a seven-fight contract with Golden Boy Promotions of Oscar de la Hoya in mid-September in the presence of his lawyer Franklin “Jeng” Gacal and then, some two months later, signed a four-fight deal with Top Rank promoter Bob Arum.
Arum claimed that there was a provision in the bout agreement for the third fight with Morales that Pacquiao could not sign with any other promoter until after the November showdown with Morales. Arum used that as an argument to claim that the contract Pacquiao signed with Golden Boy was illegal because it violated the bout agreement with Top Rank.
However, then Nevada State Athletic Commission executive director Marc Ratner maintained in several e-mails to Viva Sports/Standard Today that there was no such provision in the bout agreement for the Morales fight, which would probably mean that it was signed either before or even after news leaked out that Pacquiao had signed up with Golden Boy, but was never filed with the NSAC.
Arum himself maintained that Gacal went through the contract with a fine tooth comb and was aware of the specific provision. But Gacal never ever admitted or denied Arum’s claim.
Golden Boy gave Pacquiao $500,000, which was broken down as $350,000 signing bonus and $150,000 advance on his first fight. In fact, Pacquiao accepted an attache case stuffed with $250,000 in cold cash, the way he wanted it, according to trainer Freddie Roach.
Arum made capital of this to try and discredit the way De la Hoya did business and claimed even further that Pacquiao was tired after a long flight from Manila and was not in the best frame of mind to study and sign a contract. He, of course, ignored the fact that Pacquiao’s lawyer was present and so was Joe Ramos, his chief of staff at that time. [details]