BoxRec

I mean clean cut profit to his pockets? More than 400 mill. $ ??

Manny was literlly 'pimped' by uncle Bob. He manipulated Manny to extend their contract with the hoping of a Mayweather fight and even more after that fight got made with the hope of a big money rematch. I think uncle Bob pretty much 'milked' as much as he could Manny. I wish Pacquiao to retire. He did more than enough for boxing and his life.

apollo creed wrote:Manny was literlly 'pimped' by uncle Bob. He manipulated Manny to extend their contract with the hoping of a Mayweather fight and even more after that fight got made with the hope of a big money rematch. I think uncle Bob pretty much 'milked' as much as he could Manny. I wish Pacquiao to retire. He did more than enough for boxing and his life.

Manny borrowed money from Top Rank to help pay for the tax he owed to both the US and Philippine governments. Bob Arum also helped orchestrate HBO's huge contract extension signing bonus, which compelled the Filipino to remain contractually-bound to that network, at a time when all of the big name 147lb-ers were being televised by Showtime. This is because Pacquiao desperately needed the money.

Bob Arum cannot be held accountable for any of Manny's non-boxing related business decisions. If Top Rank strategically manoeuvred Manny Pacquiao’s career in order to maximise their own profits, then they have behaved properly.

Bob Arum’s company, Top Rank, is only responsible for promoting/producing Manny Pacquiao’s boxing events, but they do not represent him and nor are they legally obliged to operate in a manner that protects the Filipino legend’s best interests.

A promoter is well-within their right to attempt to maximize the profit generated from each fight promotion, because they’re the ones taking most of the financial risk. One of the ways they can do this is to pay all the participants on their fight cards as little as possible.

Therefore, Pacquiao has no legal right to expect Bob Arum to behave in a manner that protects his own interests. This role belongs to the Filipino’s manager, Michael Koncz.

No one should criticise a promoter if they do not possess a basic understanding of their legally-bound duties that they’re supposed to fulfil for their fighters.

Enlightened-One wrote:

apollo creed wrote:Manny was literlly 'pimped' by uncle Bob. He manipulated Manny to extend their contract with the hoping of a Mayweather fight and even more after that fight got made with the hope of a big money rematch. I think uncle Bob pretty much 'milked' as much as he could Manny. I wish Pacquiao to retire. He did more than enough for boxing and his life.

Manny borrowed money from Top Rank to help pay for the tax he owed to both the US and Philippine governments. Bob Arum also helped orchestrate HBO's huge contract extension signing bonus, which compelled the Filipino to remain contractually-bound to that network, at a time when all of the big name 147lb-ers were being televised by Showtime. This is because Pacquiao desperately needed the money.

Bob Arum cannot be held accountable for any of Manny's non-boxing related business decisions. If Top Rank strategically manoeuvred Manny Pacquiao’s career in order to maximise their own profits, then they have behaved properly.

Bob Arum’s company, Top Rank, is only responsible for promoting/producing Manny Pacquiao’s boxing events, but they do not represent him and nor are they legally obliged to operate in a manner that protects the Filipino legend’s best interests.

A promoter is well-within their right to attempt to maximize the profit generated from each fight promotion, because they’re the ones taking most of the financial risk. One of the ways they can do this is to pay all the participants on their fight cards as little as possible.

Therefore, Pacquiao has no legal right to expect Bob Arum to behave in a manner that protects his own interests. This role belongs to the Filipino’s manager, Michael Koncz.

No one should criticise a promoter if they do not possess a basic understanding of their legally-bound duties that they’re supposed to fulfil for their fighters.

Apollo has a point here that I definitely agree with. At this point, Manny is a legend and he's obviously in the final stretch of fights. He should be treated as such by his promotion team that lived high on the hog for the last 10 years as a result of his profits. Imagine making Manny fight a no name guy in Australia in front of his home town of rabid fans? That was not a great environment for Manny to be in. To me, Arum is ready to sacrifice Manny to build another interest or talent. He'd sign a Manny/Crawford fight tomorrow and we know what that would be doing to Manny....his health would be in jeopardy in that one.

they both made a ton, a very good fighter/promoter relationship.

As much as he possibly could I'm sure, and why shouldn't he? It's his job, PAC has been well looked after.

Rabid fans? Most seemed to be there for Pacquiao

caldo2025 wrote:

Enlightened-One wrote:

apollo creed wrote:Manny was literlly 'pimped' by uncle Bob. He manipulated Manny to extend their contract with the hoping of a Mayweather fight and even more after that fight got made with the hope of a big money rematch. I think uncle Bob pretty much 'milked' as much as he could Manny. I wish Pacquiao to retire. He did more than enough for boxing and his life.

Manny borrowed money from Top Rank to help pay for the tax he owed to both the US and Philippine governments. Bob Arum also helped orchestrate HBO's huge contract extension signing bonus, which compelled the Filipino to remain contractually-bound to that network, at a time when all of the big name 147lb-ers were being televised by Showtime. This is because Pacquiao desperately needed the money.

Bob Arum cannot be held accountable for any of Manny's non-boxing related business decisions. If Top Rank strategically manoeuvred Manny Pacquiao’s career in order to maximise their own profits, then they have behaved properly.

Bob Arum’s company, Top Rank, is only responsible for promoting/producing Manny Pacquiao’s boxing events, but they do not represent him and nor are they legally obliged to operate in a manner that protects the Filipino legend’s best interests.

A promoter is well-within their right to attempt to maximize the profit generated from each fight promotion, because they’re the ones taking most of the financial risk. One of the ways they can do this is to pay all the participants on their fight cards as little as possible.

Therefore, Pacquiao has no legal right to expect Bob Arum to behave in a manner that protects his own interests. This role belongs to the Filipino’s manager, Michael Koncz.

No one should criticise a promoter if they do not possess a basic understanding of their legally-bound duties that they’re supposed to fulfil for their fighters.

Apollo has a point here that I definitely agree with. At this point, Manny is a legend and he's obviously in the final stretch of fights. He should be treated as such by his promotion team that lived high on the hog for the last 10 years as a result of his profits. Imagine making Manny fight a no name guy in Australia in front of his home town of rabid fans? That was not a great environment for Manny to be in. To me, Arum is ready to sacrifice Manny to build another interest or talent. He'd sign a Manny/Crawford fight tomorrow and we know what that would be doing to Manny....his health would be in jeopardy in that one.

Manny produced a lot of cash for lots of people. It's more about the human aspect. Look at Floyd. He made the right decision to not let others to pimp him. At the end of the day the fighters are taking punches, blood, sweat and wear and tear.

The human aspect? To feel sorry for someone that made hundreds of millions? fornicate that, I work my ass off and I know what really being used is like from the business world. Floyd is the only boxer in history that got around it. Manny could never pull it off.

Blame the Manager not the promoter.

Nightmare Roy wrote:Blame the Manager not the promoter.

There's nobody to blame at all. If Manny spends all of his money, it's on him. He'll still have a political salary and a name well capable of paying his bills. It's the journeyman boxers with 70+ fights that never made shit we should be concerned with.

SaadOffTheDeck wrote:

Nightmare Roy wrote:Blame the Manager not the promoter.

There's nobody to blame at all. If Manny spends all of his money, it's on him. He'll still have a political salary and a name well capable of paying his bills. It's the journeyman boxers with 70+ fights that never made poo we should be concerned with.

No, a manger is employed to look after the fighters best interests including his financials.

SaadOffTheDeck wrote:

Nightmare Roy wrote:Blame the Manager not the promoter.

There's nobody to blame at all. If Manny spends all of his money, it's on him. He'll still have a political salary and a name well capable of paying his bills. It's the journeyman boxers with 70+ fights that never made poo we should be concerned with.

No, a manger is employed to look after the fighters best interests including his financials.

SaadOffTheDeck wrote:

Nightmare Roy wrote:Blame the Manager not the promoter.

There's nobody to blame at all. If Manny spends all of his money, it's on him. He'll still have a political salary and a name well capable of paying his bills. It's the journeyman boxers with 70+ fights that never made poo we should be concerned with.

If Manny has squandered his fortune that's on him. He's earned ten times the amount that should have been able to secure him for life.

Nightmare Roy wrote:

SaadOffTheDeck wrote:

Nightmare Roy wrote:Blame the Manager not the promoter.

There's nobody to blame at all. If Manny spends all of his money, it's on him. He'll still have a political salary and a name well capable of paying his bills. It's the journeyman boxers with 70+ fights that never made poo we should be concerned with.

No, a manger is employed to look after the fighters best interests including his financials.

If a manager has control of a fighters money, he'll be in much worse shape than dealing with Bob arum.

caldo2025 wrote:

Enlightened-One wrote:

apollo creed wrote:Manny was literlly 'pimped' by uncle Bob. He manipulated Manny to extend their contract with the hoping of a Mayweather fight and even more after that fight got made with the hope of a big money rematch. I think uncle Bob pretty much 'milked' as much as he could Manny. I wish Pacquiao to retire. He did more than enough for boxing and his life.

Manny borrowed money from Top Rank to help pay for the tax he owed to both the US and Philippine governments. Bob Arum also helped orchestrate HBO's huge contract extension signing bonus, which compelled the Filipino to remain contractually-bound to that network, at a time when all of the big name 147lb-ers were being televised by Showtime. This is because Pacquiao desperately needed the money.

Bob Arum cannot be held accountable for any of Manny's non-boxing related business decisions. If Top Rank strategically manoeuvred Manny Pacquiao’s career in order to maximise their own profits, then they have behaved properly.

Bob Arum’s company, Top Rank, is only responsible for promoting/producing Manny Pacquiao’s boxing events, but they do not represent him and nor are they legally obliged to operate in a manner that protects the Filipino legend’s best interests.

A promoter is well-within their right to attempt to maximize the profit generated from each fight promotion, because they’re the ones taking most of the financial risk. One of the ways they can do this is to pay all the participants on their fight cards as little as possible.

Therefore, Pacquiao has no legal right to expect Bob Arum to behave in a manner that protects his own interests. This role belongs to the Filipino’s manager, Michael Koncz.

No one should criticise a promoter if they do not possess a basic understanding of their legally-bound duties that they’re supposed to fulfil for their fighters.

Apollo has a point here that I definitely agree with. At this point, Manny is a legend and he's obviously in the final stretch of fights. He should be treated as such by his promotion team that lived high on the hog for the last 10 years as a result of his profits. Imagine making Manny fight a no name guy in Australia in front of his home town of rabid fans? That was not a great environment for Manny to be in. To me, Arum is ready to sacrifice Manny to build another interest or talent. He'd sign a Manny/Crawford fight tomorrow and we know what that would be doing to Manny....his health would be in jeopardy in that one.

From purely an uneducated moral standpoint, I can understand the reason for your layman opinion, but in legal terms, Michael Koncz has a fiduciary duty to negotiate terms with Top Rank that are in the best interests of his client, Manny Pacquiao.

From a legal perspective, Bob Arum is not responsible for looking after Manny Pacquiao’s best interests.

In my opinion, in the context of actual roles and responsibilities, if certain aspects of Manny Pacquiao’s career has been poorly-managed (such as not being paid his worth or being forced to accept fights with contractual stipulations that he’s uncomfortable with), then the blame should fall squarely on Michael Koncz’s shoulders.

Whilst it’s easy to criticise an octogenarian like Bob Arum, or his promotional company, people are giving Michael Koncz a free pass, without even bothering to make an effort to appreciate the duties of a promoter and a manager.

Perhaps it’s because merely casual boxing observers don’t know the difference between managers and promoters… or they haven’t bothered to read the Muhammad Ali Boxing Reform Act.

Simply put: anyone that understands the difference between a manager and a promoter, would not place any blame whatsoever on Bob Arum for Manny Pacquiao’s current situation.

Enlightened-One wrote:

caldo2025 wrote:

Enlightened-One wrote: Manny borrowed money from Top Rank to help pay for the tax he owed to both the US and Philippine governments. Bob Arum also helped orchestrate HBO's huge contract extension signing bonus, which compelled the Filipino to remain contractually-bound to that network, at a time when all of the big name 147lb-ers were being televised by Showtime. This is because Pacquiao desperately needed the money.

Bob Arum cannot be held accountable for any of Manny's non-boxing related business decisions. If Top Rank strategically manoeuvred Manny Pacquiao’s career in order to maximise their own profits, then they have behaved properly.

Bob Arum’s company, Top Rank, is only responsible for promoting/producing Manny Pacquiao’s boxing events, but they do not represent him and nor are they legally obliged to operate in a manner that protects the Filipino legend’s best interests.

A promoter is well-within their right to attempt to maximize the profit generated from each fight promotion, because they’re the ones taking most of the financial risk. One of the ways they can do this is to pay all the participants on their fight cards as little as possible.

Therefore, Pacquiao has no legal right to expect Bob Arum to behave in a manner that protects his own interests. This role belongs to the Filipino’s manager, Michael Koncz.

No one should criticise a promoter if they do not possess a basic understanding of their legally-bound duties that they’re supposed to fulfil for their fighters.

Apollo has a point here that I definitely agree with. At this point, Manny is a legend and he's obviously in the final stretch of fights. He should be treated as such by his promotion team that lived high on the hog for the last 10 years as a result of his profits. Imagine making Manny fight a no name guy in Australia in front of his home town of rabid fans? That was not a great environment for Manny to be in. To me, Arum is ready to sacrifice Manny to build another interest or talent. He'd sign a Manny/Crawford fight tomorrow and we know what that would be doing to Manny....his health would be in jeopardy in that one.

From purely an uneducated moral standpoint, I can understand the reason for your layman opinion, but in legal terms, Michael Koncz has a fiduciary duty to negotiate terms with Top Rank that are in the best interests of his client, Manny Pacquiao.

From a legal perspective, Bob Arum is not responsible for looking after Manny Pacquiao’s best interests.

In my opinion, in the context of actual roles and responsibilities, if certain aspects of Manny Pacquiao’s career has been poorly-managed (such as not being paid his worth or being forced to accept fights with contractual stipulations that he’s uncomfortable with), then the blame should fall squarely on Michael Koncz’s shoulders.

Whilst it’s easy to criticise an octogenarian like Bob Arum, or his promotional company, people are giving Michael Koncz a free pass, without even bothering to make an effort to appreciate the duties of a promoter and a manager.

Perhaps it’s because merely casual boxing observers don’t know the difference between managers and promoters… or they haven’t bothered to read the Muhammad Ali Boxing Reform Act.

Simply put: anyone that understands the difference between a manager and a promoter, would not place any blame whatsoever on Bob Arum for Manny Pacquiao’s current situation.

I don't get it. Please explain it more?

apollo creed wrote:I don't get it. Please explain it more?

Should I assume that your sarcastic response is a blatant admission from yourself about your original opinion on the matter being incorrect and that you now no longer blame Bob Arum, in light of the comprehensive explanation that I've provided?

Pacman got 'milked' too much. Plain and simple.

As I said Arum is trying to milk Pacman like crazy.

“He can make a lot of money (fighting Horn in a rematch),” Arum told the Manila Bulletin. “It’s all up to him and in two weeks I will be coming over (to the Philippines) and discuss with him and his wife Jinkee."

LOL, Poor Pac! He's health should his no 1 priority at this stage. I think he's spending his money very reckless with the leeches from his entourage or he pretty much he can't say 'NO,I'm gonna retire!' to Arum.

apollo creed wrote:As I said Arum is trying to milk Pacman like crazy.

“He can make a lot of money (fighting Horn in a rematch),” Arum told the Manila Bulletin. “It’s all up to him and in two weeks I will be coming over (to the Philippines) and discuss with him and his wife Jinkee."

LOL, Poor Pac! He's health should his no 1 priority at this stage. I think he's spending his money very reckless with the leeches from his entourage or he pretty much he can't say 'NO,I'm gonna retire!' to Arum.

Multiple people keep explaining the actual role of a promoter to you, but you keep ignoring them, whilst doggedly maintaining your fûckîng stupid opinion.

Don't comment on situations that you know nothing about, whilst persistently refusing to educate yourself such matters!

The Muhammad Ali Act is nothing more than a formality at this point.

Promoters view it like bankers viewed the Glass-Steagall Act.