The numbers don't add up successfully, and it's no a matter of guessing. And some of his statements are misleading -- for example, not having to pay U.S. taxes. It misleads people to think Pacquaio's purse isn't getting taxed, and at least not in a heavy way, but it STILL is being taxed heavy!
The site fee is important, but it's not why Pacquaio is getting such a big purse. Keep in mind, Arum also left out the fact that Pacquaio has a lucrative multi-fight deal arrangement with HBO where a certain amount of money is always guaranteed (like Floyd's deal with Showtime).
The site fee is important, but it's not why Pacquaio is getting such a big purse. Keep in mind, Arum also left out the fact that Pacquaio has a lucrative multi-fight deal arrangement with HBO where a certain amount of money is always guaranteed (like Floyd's deal with Showtime).
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