Kizer Sets The Record Straight on Pacquiao's Fight Purses

[Bernie Madoff]

So, Pacquiao - Cotto just sold 2 million. Is that right?

How much will Pacquiao get?

[The Underboss]

It's so messed up that Arum cheats Pacquiao like that. Manny should sign with Mayweather Promotions.

Mayweather Promotions is still new, signing 2-3 fights with Oscar's can bring tons of money for Pac to start promoting his own company (MP Promotions).

[bluetuazon]

I don't understand. It doesn't seem fair.

Why does Floyd get to make so much more than Pacquiao for fighting the same people?

IMO..its probably because floyd is american....

but this time around it should be 50/50 @ 147.....

make the fight happen!!!!

[Bobby Shaw]

...maybe yes in terms of previous purses but Pacman has a lot of properties and acquisitions compared to Floyd... and IRS is not hunting him

It depends on where he owns the properties.I'm not sure the market value of properties in the philipines are the same as those in the USA.

[Bad Boy Dazza]

It's so messed up that Arum cheats Pacquiao like that. Manny should sign with Mayweather Promotions.

ha ha that's what I was thinking

[bluetuazon]

Wasn't Floyd retired for most of 2009? Is that a good comparison?

I'm sure Kobe made more than Jordan.

he unretired in april 2009....we have 12 months..so its not MOST just like u sed..

[Bernie Madoff]

he unretired in april 2009....we have 12 months..so its not MOST just like u sed..

He had a fight in September. Boxers are not on Salary. You get paid when you fight.

So, he was retired for MOST of the year.

[Bernie Madoff]

ha ha that's what I was thinking

If Pacquiao signed to Mayweather Promotions, would he get more money? He wouldn't have to give all his money away to Arum.

[The Underboss]

god damn!

russian women .

[Bobby Shaw]

Manny Pacquiao

Earns about $20 million a year. Worth at least $100 million at the end of 2008.

Owns many businesses. Runs a rooster farm for ****fight ********, lottery outlets, a boxing promotions company and a basketball team. Assets includes several properties for rentals, business buildings, beach resorts, medical facilities. Invest heavily in various bank financial programs. Earns money acting in movies, and also appearing regulary in television shows. Has steady stream of income from pop album sales.

Has endorsement deals with companies like Nike, McDonald’s, Philippines Long Distance Company, San Miguel Beer, Café Puro, etc., etc. Also receives fee from video game, such as Electronic Arts’ Fight Night series. Has various biographical documentaries. Has a movie about him.

Received at least $30 million purse from 2006-2008 boxing.

$11 million guaranteed plus plus a percentage from the 1.25 Million PPV buy at $70 million vs De la Hoya.

Donates regulary to charitable institutions. Gives money and goods easily to poor people. Regularly shows up on request for free during sporting events and festivals. Has recently gave up ********.


Floyd Mayweather Jr.

Worth approximately $100 million at the end of 2007.

$10 million guaranteed plus a percentage from the 2.15 million PPV buys worth $120 million vs Golden Boy.

$11 million guaranteed plus percentage of 850,000 US pay-per-view buys, amounting to $47 million in US television revenue vs Hatton.

However, Since that hot July weekend when he "made it rain" by throwing $30,000 in one hundred dollar bills into a crowd of people, 'Money' Mayweather has encountered some very pricey situations.

Mayweather owns several properties in the state of Nevada, but the Las Vegas area in which he resides has been what some have called "ground zero" in the series of U.S. foreclosures. One of Mayweather's Las Vegas homes was robbed of what was reported to have been $7.1 million worth of ***elry.

Mayweather also invest in stocks but October brought a worldwide meltdown in stock markets. The markets crashed between 30% and 40%.

Recently, Money Mayweather owes the Internal Revenue Service $6 million worth of tax.

Source: Who is Richer: Manny Pacquiao, Ricky Hatton or Floyd Mayweather?

Owing the taxman is not a sign of poverty but a liquidity or technical problem.If you have assets worth a certain amount,producing cash is another but they can get value thru other means e.g waiting like property,rare items,precious stones and wines.If you owned the taxman (which could be because of an incompetent accountant) you may decide not to sell your assets (which are a sign of wealth) and choose to improve liquidity thru other means.This is the reason probably why Mayweather chose not to sell any assets,@ that time his assets where undervalued.If he had done so we would never have known about his tax issues.
Even profitable companies have issues with the taxmen and some end up going to court.