Arum: "GBP is trying to stop Pac-Margarito when they're entitled to 25% of profits.."
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excerpts from Kevin Iole's article today
Aug 20, 2010
http://sports.yahoo.com/box/news?slu...ingnotes082010
this is not good business
wow. manny is paying 2 promoters?Comment
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Didnt want to Repost this but there are way too much highschool drop out on this forum....... How ****** can you be to think that Bob and Oscar take about 50% off of Mannys take....
Basically the 25% is not comming directly off of Pacman.... Its comming off the money that is usally paid 100% to Arum.... Thus when Pacman fights Oscar take 25% of the money that Arum would usually take all of....
Math 101... Simple Example
Lets Say fight a fight makes $100
Arum Takes 25%- $25
Fighter "X" Takes 75% - $75 ( of this $75 fighter "X" Pays for trainer fees and other expenses
Now a fight That involves Pacman:
Arum Take 25%- $25. Now of that $25, Arum must give 25% of it to Oscar.
Thus, 25% of $25 dollars is $6.25, that will go to Oscar.
Pacman Take 75% - $75 (of this $75 Pacman Pays for trainer fees and other expenses)
People its never to late to go back to school....

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I love Will Smith.....he raps happyDidnt want to Repost this but there are way too much highschool drop out on this forum....... How ****** can you be to think that Bob and Oscar take about 50% off of Mannys take....
Basically the 25% is not comming directly off of Pacman.... Its comming off the money that is usally paid 100% to Arum.... Thus when Pacman fights Oscar take 25% of the money that Arum would usually take all of....
Math 101... Simple Example
Lets Say fight a fight makes $100
Arum Takes 25%- $25
Fighter "X" Takes 75% - $75 ( of this $75 fighter "X" Pays for trainer fees and other expenses
Now a fight That involves Pacman:
Arum Take 25%- $25. Now of that $25, Arum must give 25% of it to Oscar.
Thus, 25% of $25 dollars is $6.25, that will go to Oscar.
Pacman Take 75% - $75 (of this $75 Pacman Pays for trainer fees and other expenses)
People its never to late to go back to school....


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