Floyd: Shane borrowed $2 million from Golden Boy....and they're taking another 20%!!

[Biolink]

I wouldn't be surprised if Mayweather was correct. Neither he or Mosley are very bright when it comes to money. It's not like they have the savvy of Manny Pacquiao. So yes, for once uneducated Floyd is correct.

TBH there was that GQ article that said Manny has leeches in his entourage as well, but he forgives him if they are found siphoning money from him.

Manny does not live in the United States. He does not really have to be savvy with his money, because a little USD goes a long way in the Philippines.

[And Still]

Win or lose, Mosley should have about 5 million after this fight. He could get several other lucrative matches after this to drive his total to over 10 million after he retires. No matter what mistakes he made in the past, he will retire a rich man. He will stay a rich man if he uses his brain and learns from his mistakes.

If Shane loses, what mega-fight do you see for him?

Hatton had to re-build his marketability. Marquez isn't in a mega-fight. Even Oscar went to a WCB bout afterwards.


If Shane wins, or REALLY pushes Floyd, I would def agree with your point.

[And Still]

TBH there was that GQ article that said Manny has leeches in his entourage as well, but he forgives him if they are found siphoning money from him.

Manny does not live in the United States. He does not really have to be savvy with his money, because a little USD goes a long way in the Philippines.

Side note: Manny pays taxes in TWO countries...does he not?

[BIGBOXINGFAN]

It's not a loan people. It is called an advance. Goldenboy advanced Floyd 6 million of his own money that he was due to make for the Marquez fight. So if they advanced him 6 he got the other 24 million on the back end after PPV was counted(He reportedly made 30mill). So what Floyd is saying is that Shane purse is a little over 6 million and he just took out an advance of 2 million. That leaves about 4 million and some change left. Now take away goldenboys 20% cut and that probably will leave him with a little over 2million left for his pockets. Don't forget uncle sam will be ringside as well. So the 2 million advance + 2million from ppv = 4million something. The more accurate number would be a little over 5 million because 20% of 6.7 million doesn't = 2million.

[War Dinamita]

I wouldn't be surprised if Mayweather was correct. Neither he or Mosley are very bright when it comes to money. It's not like they have the savvy of Manny Pacquiao. So yes, for once uneducated Floyd is correct.

Manny is business savvy? How?

Are you talking about the guy who has to pay two promoters and 20 people in his entourage? If Manny was business savvy, he would've left Arum and promoted his fights using his own Manny Pacquiao promotions.

[Stromprophet]

I'm more likely to believe Shane is ok when it comes to money. He lives a much more moderate life style. Trains away from big money places.

I fully think Floyd is on the verge of being broke which is why he returned to Boxing. He lives in Vegas, spends loads of money, and has a ******** problem.

[Heru]

Not. Even. Close.

So you mean to tell me, Shane took something less than 20% against Mayweather's 80%?

The only negative thing I've heard Naazim say about Shane is that he was a poor negotiator, but I still can't believe it was this bad.

Until I see paperwork or a percentage split, I'll give Shane the benefit of the doubt that he at least got 25-30%.

[Stromprophet]

X 50% tax bracket
= $12 million Net income.

There is no 50% tax bracket. Just stay out of money discussions.

35% is the current top rate.

[-The Glove-]

Side note: Manny pays taxes in TWO countries...does he not?

Only State taxes if Im not mistaken, which is why he won't fight in Cali.

[hahaa]

There is no 50% tax bracket. Just stay out of money discussions.

35% is the current top rate.

LOL, I was just gonna say tell him that... logically speaking there is no way in hell millionaires are forking up half their taxable income to tax.

Then again maybe the country wouldn't be broke if they went with his tax bracket