PACQUIAO EXPOSED: Manny is Broke... Believes Arum is Hiding Money!!!

[Gino Ros]

Would not be surprised if "buy out of your contract" is not an option in the contract.

Yes... there's usually an opt-out clause.

What I'm saying is that since Manny is broke, where does he get the money to buy out if the fee is , say, $40 million? $20 million? Heck, even $10 million?

Manny is borrowing money in advance of his fights. Where's he gonna get buyout money?

[baCCaT]

good.. means pac will fight longer than he said he would.

[Gino Ros]

good.. means pac will fight longer than he said he would.

It's also good news for his province

[Ray*]

Would not be surprised if "buy out of your contract" is not an option in the contract.

Considering the way Pac operates I wouldn't be surprise if he signed all his life away to Arum, I think Mayweather is encouraging him to leave Arum so they can both make the full money but with Koncz around to get Arums back I don't ever see Pac been able to leave.

[Gino Ros]

Considering the way Pac operates I wouldn't be surprise if he signed all his life away to Arum, I think Mayweather is encouraging him to leave Arum so they can both make the full money but with Koncz around to get Arums back I don't ever see Pac been able to leave.

It's staggering how ****** Pacquiao is.

We're talking about millions here. And he knows it, but doesn't know how to handle that.

[Money_May]

either leave arum and floyd and manny sign to fight, or stay with arum and floyd and manny sign to fight. either way only thing i give a fuvk about is seeing may and pac in the same ring.

[The Nature Boy]

http://www.fighthype.com/pages/content10813.html


VisionQwest has exposed Pacquiao's financial nightmare...

Key points:

• Manny believed that his fight promoter was not paying him his fair share
  
• Manny has not paid back money he and Mike Koncz borrowed from VQ to help purchase a home for Mike Koncz in Orange County, California
  
• Manny and Mike Koncz both requested VQ not to charge him upfront for fees and costs because they claimed that there was a lack of funds
  
• Tax Audits had been issued as well as tax levies
  
• VQ identified ridiculous amounts of money being paid to Michael Koncz and the fact that Michael Koncz not only worked for Manny and MP but Top Rank, Inc. as well.
  
• Manny was distraught and after reviewing the documentation, Manny agreed to pursue Top Rank, Inc. as well as Michael Koncz
  
• From the documents that were furnished, VQ and its staff were able to decipher various accounting issues and were very concerned that there were considerable un-answered questions regarding the recording of revenue (through a verification processes with outside companies) and their expenses
  
• Manny and MP did not have any important documents in their possession like bout contracts, bank statements, bout proceed distributions, endorsement contracts, promoter contracts, co-promoter contracts, property ownership records and many other important documents
  
• Manny requested that no legal action take place until Manny received his advance for his upcoming fight in November 2011 from Top Rank

Damn manny...

[IMG]http://i12.***********.com/albums/a245/Zombiyo/Montajes/MortalKombat-Fatality.jpg[/IMG]

[Battle*Hardened]

The best thing would be to expose Arum and break the contract after you do.

[V.WEBB]

Yea, Manny didn't say what he said about the purse/guarantees for the Mayweather fight for nothing. Would be a GREAT day if he left Arum. He's been getting robbed. That sucks man, flat out.

[BIGBOXINGFAN]

Floyd wants Arum out of the picture. If Manny can't trust his own promoter, how can Floyd trust him?


There's a lot going on behind the scenes, and this is why I say that:

1) Last month, Mayweather said that Manny approached him behind Arum's back

2) After hearing for two years that drug testing was the ONLY obstacle to the fight, Manny says that drug testing is "no issue", but he needs to resolve his purse for the fight.

3) This month, Floyd starts saying that Manny needs to get rid of Arum (in the context of fight negotiations)

I don't think this is all coincidental.

That crook Arum also owes money to Mayweather from the Gatti and Judah fights.