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Pacquiao needs to wake up n smell the coffee. Leave TR n be a free agent. Fxxk signing to TMT don't let em keep running game on you. I think Pacquiao is the type that sticks to his roots (nothing wrong with that) but not in this case he needs to move on. Come live in U.S. n get into the slang no more ummm ummmm more fxxk it who wants some? Open a good bank account n manage his money himself. I mean he don't have to do all that but be more thoughtful n keep your receipts.
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See, I don't believe Arum actually gave a copy of the "real" guarantee to the IRS like he stated here:
Article Link - http://www.boxingscene.com/?m=show&o...#ixzz2n740AOxz
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Arum also clarified the situation with regard to Pacquiao’s earnings in several of his Las Vegas fights, which were published by several media outlets. He said that under the rules of the Nevada State Athletic Commission, the fighters need to be paid on the night of a fight.
To meet this requirement, Arum paid the NSAC $6 million for Pacquiao in his last fight against Juan Manuel Marquez, which the commission paid to the Filipino after the fight and which could be cashed the next day.
Arum indicated this was in order to comply with the requirements, even as he pointed out that “in the long form contract,” a copy of which is given the Internal Revenue Service, Pacquiao’s guarantee for the Marquez fight was $22 million, which was paid in full within 10 days, even though the contract stipulated it could be paid within two months.
The Top Rank promoter said that with the pay-per-view income, which up to now hasn’t all come in, Pacquiao will earn an additional $5 million, above his guaranteed purse for a total income of $30 million.
“We give the IRS tax people a copy of the real contract and we don’t avoid paying the proper taxes,” said Arum.Comment
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Floyd Mayweather on Pacquaio...
He's a congressman, right? But he has the worst contract in boxing history. How smart is he? I'm just going to be working hard.Just by speaking to Pacquiao on the phone, I mean, he's not one of the sharpest knives in the drawer," Mayweather said.He's with Arum right now, and they're having problems. It's obvious he must not be getting money on the back end."Comment
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I hope that Manny does the right thing and fires everyone that has a hand on this and anyone who just freeloads off him. He's worked his whole life for everything that he's earned and for this to be done to him is so wrong. I wish Manny the best and hope that he's able to work all of this out.Comment
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Arum is also is a harvard lawyer that graduated #1 in his class,, and then worked for the US treasury department in taxes before his move to boxing,,,
I doubt that anything comes back to him, but it seems that he has been caught up in a lie,, tell each country that they paid taxes to the other, and in reality not paying at all,,
the qoute from him that someone just posted, is not going to help him
Will be interesting to see how this unfoldsComment
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