Cotto invests in oil.

[flodistheshizle]

http://www.lvrj.com/sports/25795089.html


"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."

I always new Cotto was smart cause of the interviews i read.But trusting someone else to handle your money even if its your parents should be a big nono.(aside from accountants ofcourse)


Mixing Money and relatives/and or friends is like mixing peanut butter and mustard.bad mix.

[Live Dog]

I have my doubts the fight with Manny will really happen.Manny throws many punches,painful punches and Ricky doesnt like that ,he didnt mind when he was fighting bums in England but not anymore.

Before Ricky fought Lazcano,he already had a deal to fight Paulie.Now he has an opportunity to agree in principle to fight Manny he wasnt to keen on that fight.

As usual his father will come and tell us 'Ricky is doing it for the fans' and chose someone else.

meant with cotto

[flodistheshizle]

Puerto Rico
Population: 3,958,128 (July 2008 est.)

Damn,theres hardly any body in Puerto Rico.Most of them are here and nearly half of the people in PR are foreigners.


Haitians,Dominicans,Cubans ,and Mexicans.

[Live Dog]

Thank god he has a backup plan.

[rizkybizness]

Cotto's a communist.

[Live Dog]

Value of both oil and Cotto has dropped considerably in the last month. Any correlation?