Arum: "GBP is trying to stop Pac-Margarito when they're entitled to 25% of profits.."

[qwerty07]

i don't think so.

only when pac fights a gbp fighter i think. because if it's a golden boy fighter who is fighting pacquiao , golden boy officially co-promotes pacquiao 50/50 instead of just getting a cut.

Then this is a raw deal for Arum more than anyone else, because Arum spends money to promote Pacquiao fights. If GBP doesn't contribute to promotion and STILL take a cut out of Arum's cut, it's like Arum giving GBP free money, which is ridiculous. It's like saying Arum gets a cut from Pacquiao by doing absolutely nothing.

What I suspect happens is, say Arum spend $1,000,000 on promoting Pac fights, GBP would have to contribute $250,000. Then when Arum get's his cut from Pac, say, $4,000,000. GBP would get $1,000,000, which is still a $750,000 profit.

[Gorilla Dogs]

marg-pac is more entertaining that pac-marquez. pac stops marquez man

[Left Hook Tua]

Then this is a raw deal for Arum more than anyone else, because Arum spends money to promote Pacquiao fights. If GBP doesn't contribute to promotion and STILL take a cut out of Arum's cut, it's like Arum giving GBP free money, which is ridiculous. It's like saying Arum gets a cut from Pacquiao by doing absolutely nothing.

What I suspect happens is, say Arum spend $1,000,000 on promoting Pac fights, GBP would have to contribute $250,000. Then when Arum get's his cut from Pac, say, $4,000,000. GBP would get $1,000,000, which is still a $750,000 profit.

why do you think arum tries to make in house fights?

hatton , barrera 2 , delahoya , marquez 2...... gbp made a killing in those fights.

gbp getting money from both sides.

[Gino Ros]

Where is Manny Pacquiao's Money going?

Manny Pacquiao signed up a seven-fight contract with Golden Boy Promotions.

Pacquiao also agreed to a promotional contract with Top Rank, Bob Arum's company

The result of the double signing were lawsuits between the two.

Finally, with both companies drowning in legal bills, they reached a truce in June 2007 with the help of mediator Daniel Weinstein. Under the settlement, Top Rank, to which Pacquiao had pledged his loyalty, retained Pacquiao's promotional rights with Golden Boy receiving a small percentage of his contract.

Under terms of the settlement, bouts between Pacquiao and Golden Boy fighters will be co-promoted by the companies. If Pacquiao fights an opponent outside of Golden Boy's stable, Top Rank will promote the fight with Golden Boy being paid on the event.

I dont want to get into a flame war right now, but unless Arum completely misspoke he said Oscar gets 25% of the profit.

Now ask yourself a question.

Why would Arum give Oscar his cut of the Money, when he can just give him a cut of Manny's Profits?

Pacquiao is legally tied into contract he can not do anything about it.
He sign 2 promotional contracts.

Arum, pointed out that Golden Boy still has a piece of Pacquiao and will be entitled to 25 percent of the profits from Pacquiao’s side from the Margarito fight.

this makes sense. manny pays oscar from the profits like bob said. which comes out of manny's cut.

damn. they are taking advantage of manny.

[Horus]

gbp makes money out of profits made from promoting pac fights. they don't make money out of pac's purse. i hope you think it that way but i doubt.

Exactly,

Go to this thread to learn more

http://www.boxingscene.com/forums/showthread.php?t=416608

The ROLE & RESPONSIBILITY of Boxers, Promoters, Managers, Distributors in BOXING!

[Horus]

this makes sense. manny pays oscar from the profits like bob said. which comes out of manny's cut.

damn. they are taking advantage of manny.

Thats what happen when you sign 2 contracts.

[Pacquiao'd]

pacroid gets pimped by GBP and Arum and FLoyd pimped GBP.

and people wonder why he doesnt want come off 5050 ha

and is a pain in the ass in nego. funny how people wanted to say Floyd was lying when he was talking about how ****ed pac is, contractually

floyd is telling the truth that pac only gets 75k from nike. they are pimpin him too

and hes a conGROSSman? bwahaha

silly pinoy voters

[PACnPBFsuck]

So PAC probably made around 2-3 million dollars after the Clottey fight, sheesh, I would Ask for more money too if I were him.

[Horus]

So PAC probably made around 2-3 million dollars after the Clottey fight, sheesh, I would Ask for more money too if I were him.

Yeah Manny is getting it.

Out of Manny's Purse alone
Manny is Paying His Manager (15%)
Manny is Paying His Trainer & any other coach.(10%)
Manny is Paying Taxes (US and Phill) (30%)
Manny is Paying Training Camp (sparring partners)
Manny is Paying his Entourage

As you guys see Manny feels alot of mouths. From his his guaranteed purse alone.

[Gino Ros]

Thats what happen when you sign 2 contracts.

if golden boy tricked manny then gbp should not get paid for illegal business