Philippine politics is a dirty game. It's a combination of the goverment exploiting PAC, and PAC making ****** decisions.
To be honest, IMO PAC isn't that intellgent outside of the boxing ring (Or not educated about certain things) He blindly trusts a lot of people. And I think there are a few people in his inner professional circle...ie acountants, financial advisors,...who are doing some shady stuff with his money.
If his financial advisors/accountants were completely honest with him, they would have avoided these issues. Good accountants and tax advisors would have clearly explained what PAC needed to do with his money.
Dayum I almost forgot about this. Crazy numbers being thrown around loosely... Like "just give us 100 mill please"!! WTF. How does a man develop that sort of debt? Fishy business going on forreal
I'd also like to add. Those Floyd fans/Pac haters who like this. There is something wrong with you. This man has given so much to the sport you claim to love, and you want his life destroyed because of some ****** rivalr. There is something innately wrong with that. The same goes for Pac fans wanting Floyd to go broke. These men deserve to live the rest of their lives in comfort.
I'd also like to add. Those Floyd fans/Pac haters who like this. There is something wrong with you. This man has given so much to the sport you claim to love, and you want his life destroyed because of some ****** rivalr. There is something innately wrong with that. The same goes for Pac fans wanting Floyd to go broke. These men deserve to live the rest of their lives in comfort.
For anyone uneducated on Philippine politics do yourself a favor and head on over to hbo on demand and at vice they did a documentary on a congressman that has to have a 150 car entourage or risk be assassinated. For his sake I hope this is a ploy to keep him out of the presidential position because it not he's royally fked. I tend to lean towards it being a ploy because congressman or not they wouldn't let him into this country if he owed our IRS any money at all.
That sucks if he actually owes that much. There's no way he can ever pay for that with just 2-3 fights. Pac will probably end up fighting longer than he should, just to pay these taxes. I honestly hope he comes out of this unscathed and it's all a big misunderstanding. These super rich boxers all go broke some way. Floyd is no better, look how he wastes his money too. Pac doesn't live the lifestyle Floyd lives but if this is true, he didn't have to live that life to lose his money.
Rich boxers with little education should really consider taking some financial empowerment/awareness courses, tax courses, and some Micro/Macroeconomics, and just economics in general. That goes to both Floyd and Manny.
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