Fighters leaving promoters have more to do with ego's and lack of loyailty

Shut up dummy.

 

What kind of dumb ass question is this? What's your accounting firms name? I want to check it out bro...

 

HBO and Bob Arum owns Pac. Arum said as much in the May / Pac press conference.

 

He will lie about it or never say anything

 

The word "LOYALTY" does not exist in the world of million dollar business deals. FACT.

Especially when it comes to sports!

 

It has everything to do with business and finances. Personal relationships can affect how the business and finances go and they do, obviously, but the only factor is the ability to earn more.

 

Does that also include Pac leaving Murad Muhammad to join Arum?

 

Should Rigondeaux be happy, supportive, and buddy-buddy with Bob Arum after all the sh!t Arum talked about him while still having him under contract?

 

http://www.boxing247.com/weblog/news.php?p=3367&more=1

Manny Pacquiao Files Lawsuit Against Murad Muhammad Today

NEW YORK, NY (April 27, 2005), -- Former two-time world champion MANNY PACQUIAO announced today that he has filed suit against his promoters M&M Sports, Inc. and Murad Muhammad, in United States District Court for the Southern District of New York.. The lawsuit alleges, among other things, that the defendants corrupted Mr. Pacquiao's business managers by transferring more than 30% of Mr. Pacquiao's purses to a shell limited liability company controlled by the business managers on the fiction that Mr. Pacquiao's United States taxes would be paid out of those monies. In fact, unbeknownst to Mr. Pacquiao, the tax monies were never paid, leaving Mr. Pacquiao with a massive bill for back taxes, penalties and interest.

As alleged in the complaint, the Internal Revenue Code required M&M Sports to withhold Mr. Pacquiao's tax monies, and the defendants diverted these funds in violation of the law. The complaint alleges that this illicit arrangement between M&M Sports, Mr. Muhammad and the business managers resulted in the business managers agreeing to purses for Mr. Pacquiao that were significantly below market.

In essence, the business managers stood to make more money by stealing 30% or more from Mr. Pacquiao's purses than they would have earned from a straight ten percent fee on properly negotiated purses. According to the complaint, this scheme against Mr. Pacquiao was furthered by M&M Sports' refusal to provide Mr. Pacquiao the disclosures to which he is entitled by the Ali Act.

"It has taken me awhile to come to terms with the fact that I have been cheated by people whom I trusted," stated Mr. Pacquiao regarding the lawsuit today. "I intend to see this suit to the bitter end so that I can recover every dollar that was stolen from me, as well as help protect other fighters from being taken advantage of by Mr. Muhammad. As for the immediate future, my fans can rest assured that I will be fighting soon, but not with Murad Muhammad or M&M Sports as my promoter. As of today, I have instructed my new management to begin negotiating for my next fight and fights thereafter. I will never fight again for Murad Muhammad and M&M Sports."
...........

pacquiao's manager nazario back then was partly involved with muhammad but pac just choose to forgive him.

 

stop blindly defending top rank. they are blood suckers just like king and haymon, and one is no better than the other.

 

You will make master cry. After all Arum is Pac's master.

 

boxingmaster getting owned in his own thread. Damn shame.

 

It happens pretty often. Hence why he is so quiet. lol you know that dude doesn't have a job. 17 posts a day lol

 

ward