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

[Frank Ducketts]

25?

I wonder sometimes do these promoters realize what is actually coming out of their mouth, when they reveal stuff like this.

Then again, Bob Arum probably doesn't read Boxingscene. Because if he did he wouldn't have said that

I don't think he said it, because when I saw it, It didn't say Arum said 25%, he just said 'profits' lol...

[NesNY]

Bunch of puzzies fighting over money.

Boxing blows.

[mushahadeen]

It's not 25% it's 5%.

[onechance87]

Damn,Goldenboy gets 25 percent of mannys earning?Thats serious money.

[Khalid X]

excerpts from Kevin Iole's article today
Aug 20, 2010



http://sports.yahoo.com/box/news?slu...ingnotes082010

LMAO!!!! Ownage at it's finest. Let's see how real Oscar is about his stance.

[Biolink]

I don't think he said it, because when I saw it, It didn't say Arum said 25%, he just said 'profits' lol...

There is some wording in there.

A 25% cut from Pacquiao's side seems ridiculous. But honestly I don't know how else that could be interpreted.

I guess one would use semantics and say "earnings" vs "profits" at this point.

Either way you slice it even if it isn't coming out of Manny's pockets directly Oscar still makes money from him fighting.

[infamous larryx]

wheres that manny fan who said oscar doesnt get paid from manny fights anymore??lol

[spidey17]

How does GBP's earn 25% of PAc, when Arum has a percentage to be taken off the top as well? WTF is going on with boxing fans lol... 5% if anything is what GBP's is entitled to lol...

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)

If using 25% because that is what the article says.... its probably a bit less though

[Ray*]

GBP dont care happens to Margarito, As long as Pacquiao fights they get 25%... So Arum is chatting BS again..

[Frank Ducketts]

There is some wording in there.

A 25% cut from Pacquiao's side seems ridiculous. But honestly I don't know how else that could be interpreted.

You and I are right lol... Iole is the sorry mofo that probably made a typo mistake or something lol... You don't give your promoter 25%, and after you are paid...then shell out another 25% to someone who owns only a piece of you lol...