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

[brick wall]

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!

you're like a ********** trying to sell her stinky pussy on the streets

[Left Hook Tua]

Thats what happen when you sign 2 contracts.

horus , get this through your thick head.

once gbp and top rank agreed to a deal between them , the gbp contract with pac is void.

that contract no longer matters.

the argument gbp had was that their contract was valid and top rank's wasn't.

by cutting a deal with top rank , their rights to pacquiao applies in the context of top rank's contract with pacquiao.

[Horus]

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

They gave Manny 250k bag full of cash.
they paid up front for Pacquiao's services

[Gino Ros]

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.

i thought managers make more than 15%. who gets 15%? is it koncz or gacal?

[B.U.R.N.E.R]

Damn so Arum takes 27% and GBP takes 25%.

lmfao.

[Left Hook Tua]

Damn so Arum takes 27% and GBP takes 25%.

lmfao.

it doesn't work that way.

gbp gets 25% of top rank's cut when pacquiao is not fighting gbp fighters.

gbp co-promotes pacquiao 50/50 with top rank when pacquiao is fighting a gbp fighter.

[Gino Ros]

it doesn't work that way.

gbp gets 25% of top rank's cut when pacquiao is not fighting gbp fighters.

gbp co-promotes pacquiao 50/50 with top rank when pacquiao is fighting a gbp fighter.

no. arum said that gb getting 25% of THE PROFITS. how do you know the arangement better than arum?

[B.U.R.N.E.R]

it doesn't work that way.

gbp gets 25% of top rank's cut when pacquiao is not fighting gbp fighters.

gbp co-promotes pacquiao 50/50 with top rank when pacquiao is fighting a gbp fighter.

Interesting. Maybe thats why they want Marquez.

[Horus]

i thought managers make more than 15%. who gets 15%? is it koncz or gacal?

in most case they get 25% and more.. But for that example I was being generous to manny

[PACnPBFsuck]

it doesn't work that way.

gbp gets 25% of top rank's cut when pacquiao is not fighting gbp fighters.

gbp co-promotes pacquiao 50/50 with top rank when pacquiao is fighting a gbp fighter.

PAC ****kked up, so when he's not fighting any GBP fighters a little bit is coming out of money he could be making.

And when fights a GBP fighter, he has to give even more from what money he could be making.

A catch 22 at it's worst.