Found this on Youtube, Do know if it has been posted before but here it is anyway.
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Manny Pacquiao Getting Robbed by Top rank and Arum?
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Is this why Bob's been keeping the PPV numbers in Ziploc?
LOL...
Seriously though, the vid is just trying to stir up ****.
37% total deductions from the 12M purse cut, for management
etc. isn't so good, but it isn't exactly robbery, either. Pac's
take from the PPV sales is much more substantial...
The real issue is why Arum (or HBO) is still holding onto the PPV
money owed to Pac. Arum can profess parental concern for his
client, all day long; but unless Pac has given him actual permission
to hold onto it, let alone hand it to someone else, he needs to pay
it out to Pac.
h.Last edited by horge; 05-31-2009, 08:20 AM.
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Originally posted by raycorey View PostWell Bob Arum has respond to the allegations and he said they're saving Manny's money..
Apparently he owed Mayweather millions, which is why mayweather bought himself out of his contract.
De La Hoya called him a fat greedy *** or summin like that too.
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Originally posted by Technical_Skill View PostThat's some crazy **** right there, bob arum needs to make sure a grown man saves his money.
Apparently he owed Mayweather millions, which is why mayweather bought himself out of his contract.
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Some people dont understand the difference between promotional contracts and managerial contracts. Arum only has a promotional contract with Manny. Manny's management deals with Koncz or whoever have nothing to do with Arum, other than Arum having to pay them directly out of Manny's purse. This is no different than King paying me my percentage directly out of Nate's purse. It's very common in boxing. I think the only issue is really that Pac has a lousy managerial contract if he's giving up 37% with no cap.
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