Comments Thread For: IRS Now Targets Manny Pacquiao For $18 Million in Debt

[boxingfeind]

If true,,,

This will total backfire on bob arum and top rank,, arent they the ones that take the taxes out of his purse, and pay the IRS,,, Didnt arum just say this when the phillipine tax thing came to light,,

I think bob has been pocketing the tax money, and now manny is in deep ****, but in the end so is bob

I`m sure Bob ripped Pacquiao off in a way where he can`t be punished.

[WatchForTheHook]

I've said it before!!! and I'll say it again!!!

Manny Leave HBO and Top Rank!! Ask GBP or TMT to buy out ur Contract!!!

Get Al Haymond as ur manager!!!

You will leave Boixing with over 100 Million!!!

Pac -Khan(Wembley Stadium) UK.
Pac-Broner
Pac-Canelo
Pac-Garcia
Pac-Lara
Pac-marcos
Pac-Lucas
Pac-Floyd

The Sooner the Better

[Sugar Adam Ali]

I've extracted some of the quotes from his interview, and will now take the liberty of highlighting key words.




He has effectively covered his ass, at least with regards to the things he said in that interview. The words highlighted in blue represents him limiting his involvement, so that he would only be expected to show some payments have been made. The words highlighted in green represent him placing the burden on someone else, either Koncz or Pacquiao. The words highlighted in orange represent him limiting what people would expect to come out in communication, by suggesting that it is minimal due to Pacquiao being in a different country.

Good quotes, i hadnt read that before,, yes im sure bobfather has all his tracks covered, and will not face any consequences,, He is a slick guy that has been on top of the dirtiest business for decades

How long visionquest was hired for?

I believe it was just a few months,, they started working and then realized manny didnt have purse records, bout contracts, tax returns, bank statements,, all he really had was a few boxes of random reciepts,,, They contacted Top rank for additional info, and at first top rank was cool, but once vsionquest kept digging, Top rank no longer talked or helped them, and manny fired them shortly after

I fear that Pacquiao's going to be fighting small shows in the Philippines until his late 40s to just to make ends meet.

I think your right,,, he will be like duran in the 90s,, just fighting off his name and winning some and losing some, and getting paid a fraction of what he use to earn.. Its sad, but in reality you have to be accountable for your finances and not think others will take care of it for you, especially when your dealing with boxing promoters and managers

[Radical]

not shocked at all like many of you here. 2 years ago, Koncz and Arum were both exposed by VisionQwest, a reputable professional accounting firm.

Manny, due to his own ******ity (or being strongarmed by Arum and Koncz) fired them.

Now, the chickens have come home to roost. He's gonna have to work out a payment plan with the IRS - and that includes fighting for 3-4 years to pay off his debts.

[Pocket Dogs!]

[AddiX]

I'm no *******, but I feel horrible for the guy.

This is about the time all his friends will start disappearing.

[AddiX]

What the heck,PAC tard is blocked here?

It's not even a real word...

[Dr Rumack]

Any better source for this than TMZ I wonder? This is very bad for Manny if true. He's about to pay a very big price for trusting other people with his finances for the last ten years.

[Detroit29]

This is why floyd and oscar left. Manny should have never fired visionqwest. They were in to something when they began to find holes in mannys contracts. Thats when arum went bizzurk and probably convinced manny to get rid of them. Pac is now paying the price. Hopwfully he can resolve this issue. I remember seeing a video where floyd was warning manny about his business with arum and that he needed to get it together.

[Sweden2716]

Hate to say this, Manny take whatever you can get for a Mayweather fight even if Floyd gets 3 times as much, dedicate the fight and pay all the money to the IRS and the government of the PI.