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Promoter Bob Arum Worried About How Manny Pacquiao Spends
« on: May 15, 2009, 09:24:39 PM »
Arum reiterates concern over Pacquiao's finances

abs-cbnNEWS.com | 05/15/2009 8:55 PM


Top Rank promoter Bob Arum on Friday reiterated his concern over the finances of boxing icon Manny Pacquiao, who is known to be “overgenerous” with his money even to free loaders.

Arum repeated his concern after handing Pacquiao his $12 million purse for his “Battle of East and West” match with Ricky Hatton last May 2. He added that the boxer stands to receive more from pay-per-view earnings generated by the fight.

“He has [already] been paid his complete purse,” said Arum.

Arum said that he wanted to have a word with Pacquiao patrons, Environment and Natural Resources Secretary Lito Atienza and Deputy National Security adviser Luis “Chavit” Singson, to make sure that the boxer uses his money wisely.

“As far as any extra amount, he stands to make an additional considerable amount, I'd like to sit with everybody and make sure he saves his money. It’s his and he works very hard for it,” said the Top Rank honcho.

Lavish spending

In an earlier report by BoxingScene.com Arum said: "I'm not going to stick that money [fight earnings] in his bank. I am going to sit down with him and Jinkee (Pacquiao's wife) and guys like Lito (Atienza) and Chavit (Singson) whom I respect, and make sure he puts it some place where he can't get his hands on it."

Arum is afraid that Pacquiao might someday end up like Mike Tyson, who went bankrupt after having squandered nearly $300 million in ring earnings through lavish spending and bad financial advice.

A report by the Manila Standard Today said Arum is concerned over Pacquiao’s plan to run for public office in the 2010 elections, where the boxer is expected to pour a "considerable amount."

The report also said that Pacquiao had three construction projects under way in the Philippines and recently bought a 4,500-square feet, 5-bedroom house in Hancock Park, which borders Beverly Hills, California.

Willing to help

Singson, who threw a victory party for Pacquiao last Thursday, said he is very much willing to help Pacquiao regarding financial advices.

“Okay lang sa akin ‘yun. Sa tingin ko dapat lang ‘yun lalo na sa laki ng kinikita niya ngayon ay alagaan niya na husto yung mga pag-iinvest nya,” he said.

Pacquiao said he sees nothing wrong with Arum’s concern.

“Okay lang ‘yun na may tutulong pa sa akin sa pera ko. Meron naman good investments at may bad investments ‘di ba? So tama lang na magtulungan tayo sa pera,” he said. -- Report from TJ Manotoc, ABS-CBN News

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Re: Promoter Bob Arum Worried About How Manny Pacquiao Spends
« Reply #1 on: May 16, 2009, 02:00:28 AM »
I didn't know Chavit is a good financial adviser now.

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Re: Promoter Bob Arum Worried About How Manny Pacquiao Spends
« Reply #2 on: May 16, 2009, 02:41:49 AM »
si jinkee, wa diay na motabang og pahiluna sa ilang kwarta nga mamaayo pagka-invest?
Artificial Intelligence is nothing in comparison to Natural Stupidity.

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Re: Promoter Bob Arum Worried About How Manny Pacquiao Spends
« Reply #3 on: May 16, 2009, 02:56:28 AM »

wa man pod siguro na sya'g kabal-an ug big investments na, glace.

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Re: Promoter Bob Arum Worried About How Manny Pacquiao Spends
« Reply #4 on: May 16, 2009, 10:21:40 AM »
Kung bottomless spending imong lifestyle, bisag unsa kadako ang kita, back to the bottom jud ang kahinatnan.

Kinsay maghuna-huna nga si Michael Jackson, Burt Reynolds, Whitney Houston, Cindi Lauper, Kim Basinger,Zsa Zsa Gabor mabangkarote?

Maayo pa ko, I cannot lose what I do not have.

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Re: Promoter Bob Arum Worried About How Manny Pacquiao Spends
« Reply #5 on: May 17, 2009, 02:10:28 AM »
God Bless Manny Pacquiao.

:)

He is really something isn't he? He is an innocent indvidual, kani si Manny Pacman! He gives without worrying for tomorrow or hoarding riches, and that is how it should be--why hoarde riches when we cannot bring that to us in the grave?

We are born naked from the mother's womb, and so we die naked--as we cannot bring anything with us aside from our hands, feet, and body.

He gives so much to the poor, he gives heartily to Church, and after every single win, he glorifies the Lord God.

That is why he is successful, that is why he is blessed. God shines down HIS graces on those who give. Heavenly Father knows everything, inside the heart and outward.


God Bless Manny! More power to you Manny! You are my inspiration, Manny!

The Lord God continue to bless you and keep you!!!!



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« Reply #6 on: May 18, 2009, 01:01:12 AM »

Ga hilas2x lang ng dagway ni chavit singson! Kana iyang gigasto sa victory party ni pacqiao gamay ra na kaayo ikumpara sa iyang libreng plane ticket ug stadium entrance kada fight ni pacqiao! Always na cya nagpalibre kang pacman abi kay super friends man daw sila.
No more monkey business!

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« Reply #7 on: May 19, 2009, 03:33:45 AM »

And what about the hotel pa, monks?  Ka remember ko a long time ago, gi feature to ang gipuy-an aning mga "dagkong tae" na mo adto mag tan-aw sa games ni Pacquiao, aguy pagkamahal!

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« Reply #8 on: May 19, 2009, 09:08:48 AM »
Remember the great Tyson lost all his money and live back in the shelter for a while. Basi ma preha ni Tyson si Pacman. Who knows!
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monkey d. luffy

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« Reply #9 on: May 21, 2009, 02:29:39 AM »

Nganong adto pa man ta sa layo mangitag example? naa silingan ni pacman si Rolando Navarrete a Filipino ex-boxer who won the WBC Super featherweight title by knocking out Cornelius Boza Edwards in Italy in 1981. He later defended it against Choi Chung-Il of Korea, but eventually lost the title to Rafael "Bazooka" Limon.

On February 14, 2008, Rolando Navarette, "The Bad Boy from Dadiangas" was out of danger, after being stabbed in the neck by Racman Saliling, tenant at the boarding house he owns in Bula, General Santos City, using ice pick. Navarette was also involved in 2 previous attacks: in 2005, he was hit with a steel pipe by a female neighbor; in 2006, a security guard clubbed his leg with a shotgun at a fishport.

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« Reply #10 on: May 21, 2009, 03:00:52 AM »

pero pila ra poy kita ni Navarette ato.

si Espinosa pod diay. karon gatrabaho na lang sa US sa Costco, kono

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« Reply #11 on: May 21, 2009, 03:49:27 AM »

mao. pero gi sue man sab ni Tyson iya promoter si Don King for 100M for cheating him.

para sa ako, dpat di na manghilabot sila Arum (og mga linta sa govt) ni Pacman sa iya wawarts. lisod ang boxing, anytym ka ma dedo, mas maajo pa gastoon nya para fiesta ta tanan :)

lisod pud cguro si Jinky mo mandar2x sa investments ky basi ma pacquiao'ed pud sya. ;)


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monkey d. luffy

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« Reply #12 on: May 21, 2009, 04:14:29 AM »

Dako na tong kita ni navarette atong panahona uy. Si navarette may perteng looya kay mangayo nalang ug isda sa pantalan sa dadianggas. halos magpakilimos nalang. imagine a former boxing champion doing like that?

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« Reply #13 on: May 21, 2009, 08:59:40 AM »

sayop man pod to niya kay abusado man.  mao bitaw ginganlan ug "bad boy of dadiangas" kay nakwartahan lang hambugero na...



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