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

[deejd]

This is what the Bureau of Internal Revenue had to say back in 2010...

The BIR chief, Kim Henares, states the following: “I have a problem with the timing issue. He had two fights in 2009, the first was in May, the second in November. If he didn’t get the money for the first fight after 9 months, then he should have sued and I haven’t heard reports of him suing anybody in the US because of the earnings. So let’s see if this is true.”

Arum doesn't even PAY him.

With that information... maybe Pacquiao doesn't have the leverage to do anything, not just financially.

[loui_ludwig]

Does that mean that you missed the VisionQwest statement? No surprise.

I guess we shouldn't believe the statement that VQ put out....right?

If VQ made a statement, then why is it only fighthype covering it. Fighthype made an article also a few months ago saying Pac is broke. Pac was interviewed and said how can he be broke when he just bought or own a property in one of the most expensive areas in Manila.

[deejd]

If VQ made a statement, then why is it only fighthype covering it.

Because the site calls it like they see it... they're not one of the guys Arum is spending Pacquiao's money on (Bayless, Wilbon, Marley, etc.)

Did you conveniently skip this dot?

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

[Gino Ros]

With that information... maybe Pacquiao doesn't have the leverage to do anything, not just financially.

The problem is that Arum says ****, and Pacquiao and the uneducated midgets who follow him just gobble it up.

Here's an example: "Showtime doesn't know how many PPV's they sold. They have no way of adding it up. It will take months to figure it out".

And then the third-world peasants who follow Pac just nod in agreement mindlessly.

THE TRUTH: Showtime is part of CBS, a $15 Bn publicly-traded firm. Being a public company, they have to file 10-Q's every quarter. And, in truth, they close the books every month. So, within that same month, they knew EXACTLY what the revenue from the fight was. But it was disappointing, so Arum had them not release the buyrate to the media.

Arum can lie to the media, but Showtime can NOT. That would be a federal crime if Showtime gave false statements about the company operations or performance. Thus, they say nothing, and Arum tells the lies.

Does anyone with a brain SERIOUSLY believe that CBS and Showtime invests money into a fight, and they have no idea how much they make? Really?

You really think that HBO has some fancy "magic counting machine" that Showtime doesn't have?

[Gino Ros]

If VQ made a statement, then why is it only fighthype covering it. Fighthype made an article also a few months ago saying Pac is broke. Pac was interviewed and said how can he be broke when he just bought or own a property in one of the most expensive areas in Manila.

It's NOT just fighthype covering it.

Because you don't know something doesn't mean it doesn't exist.

Who are you, Rick Perry?

[mushahadeen]

Bob Arum is clearly ripping off Pac. the only thing i don't get is, the guy is 1,000 years old. what's a few million at this point??

[Biolink]

Bob Arum is clearly ripping off Pac. the only thing i don't get is, the guy is 1,000 years old. what's a few million at this point??

Seriously. The guys Son died. It seemed to me he mourned for a week, and now he's back at it.

[Drunk Punch]

As shady as the source is, I wouldn't be surprised if it's built upon some small kernel of truth.

Manny probably has no idea about his finances, and it's quite likely that he's getting ripped off by those steering his career... Koncz and Arum are two easy figures to point a finger at.

I hope for Manny's sake he has some good people around him watching his back.

[deejd]

The problem is that Arum says ****, and Pacquiao and the uneducated midgets who follow him just gobble it up.

Here's an example: "Showtime doesn't know how many PPV's they sold. They have no way of adding it up. It will take months to figure it out".

And then the third-world peasants who follow Pac just nod in agreement mindlessly.

THE TRUTH: Showtime is part of CBS, a $15 Bn publicly-traded firm. Being a public company, they have to file 10-Q's every quarter. And, in truth, they close the books every month. So, within that same month, they knew EXACTLY what the revenue from the fight was. But it was disappointing, so Arum had them not release the buyrate to the media.

Arum can lie to the media, but Showtime can NOT. That would be a federal crime if Showtime gave false statements about the company operations or performance. Thus, they say nothing, and Arum tells the lies.

Does anyone with a brain SERIOUSLY believe that CBS and Showtime invests money into a fight, and they have no idea how much they make? Really?

You really think that HBO has some fancy "magic counting machine" that Showtime doesn't have?

Stellar post!

[Gino Ros]

As shady as the source is, I wouldn't be surprised if it's built upon some small kernel of truth.

Manny probably has no idea about his finances, and it's quite likely that he's getting ripped off by those steering his career... Koncz and Arum are two easy figures to point a finger at.

I hope for Manny's sake he has some good people around him watching his back.

The source isn't shady. Everything I posted came VERBATIM from the VisionQwest statement.

Ver-effin- batim.