Cotto invests in oil.

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  • deevel79
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    • Dec 2005
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    #1

    Cotto invests in oil.

    The Las Vegas Review-Journal is Nevada's most trusted source for local news, Las Vegas sports, business news, gaming news, entertainment news and more.



    "The last week is the toughest week," Cotto said. "There's a lot on a fighter's mind. If he wants to stay in L.A., that's his business. I'm not offended."

    Top Rank chairman Bob Arum wasn't worried, either.

    "I don't really care," Arum said. "He'll be here for the press conference (today). He's done yeoman work on the promotion in California. If he shows up a few hours late, who cares?"

    • OIL BARON -- If Cotto were to retire from boxing tomorrow, he could live comfortably off his eight gasoline stations and other investments in his native Puerto Rico.

    The 27-year-old Cotto said he plans to fight only two or three more years, so he needs something to provide income for his family when he's through with boxing.

    "I bought my first gas station in 2003," he said. "Now we have eight."

    Four of Cotto's stations are aligned with Gulf and one with Texaco, and three are independently owned and operated. Cotto, who drives a Mercedes-Benz, said even though he is the boss, he gets no discounts at the pump.

    "I pay the same price as everyone else," he said. "That's the way to do business properly."

    He lets his father, Miguel Sr., oversee the gasoline station operation. In addition, Cotto is a landlord, owning an apartment building with 14 units. The building also is home to his boxing promotional company and a distribution center for the gasoline stations.

    Cotto said he stays out of the day-to-day operations and lets his father handle things.

    "My father told me once, 'I don't know how to deal with my money, but I know how to deal with other people's money,' " Cotto said. "So I let him take care of everything, and I just concentrate on boxing."

    • TICKET SALES -- Arum said 80 percent of the Grand Garden's 16,270 seats have been sold for Saturday's fight.

    "I'm very happy with that," he said. "Hopefully, we'll sell out. But we should be close."
  • Live Dog
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    #2
    Margarito invests in pain.

    Comment

    • abadger
      Real Talk
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      #3
      No offense, but this may be the most boring news ever. Why do we care?

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      • deevel79
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        #4
        Originally posted by Live Dog
        Margarito invests in pain.
        LOL. Good one!

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        • deevel79
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          #5
          Originally posted by abadger
          No offense, but this may be the most boring news ever. Why do we care?
          U cared enough to take the time out and reply.

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          • eazy_mas
            Pride kills the champ
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            #6
            smart choice.

            Oil and real estate then he could own his own super market like Wal Mart

            3 year into the game

            what who he is going to fight After Margarito maybe Paul Williams then go up to 154

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            • Ray*
              Be safe!!!
              Franchise Champion - 20,000+ posts
              • Jul 2005
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              #7
              Margarito doesnt have any regards for oil or investment.

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              • eazy_mas
                Pride kills the champ
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                #8
                people forgot too see that he is only going to fight for the next 3 year from now.

                so he have to choose his fights pretty well to cement his legacy better

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                • Winter
                  The Snowmaiden
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                  • Sep 2004
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                  #9
                  Cotto is intellegent to invest in oil. You can do many great things when you have oil. You can even buy the Chelsea football club.

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                  • BEHEMOTH
                    Banned
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                    #10
                    Floyd's investments are better.

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