Originally posted by FeFist
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Arum: "GBP is trying to stop Pac-Margarito when they're entitled to 25% of profits.."
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Originally posted by Gino Ros View Postcan some body tell me why manny signed with 2 promoters
Top rank offered him an even bigger one I think and convinced him to return the signing on bonus back to oscar and sign with them. they told him they would deal with getting him free of gb and paying them
So now part of what top rank get from manny, 25 percent goes to golden boy
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Originally posted by lfc19titles View PostOscar offered him a huge signing on bonus, manny signed
Top rank offered him an even bigger one I think and convinced him to return the signing on bonus back to oscar and sign with them. they told him they would deal with getting him free of gb and paying them
So now part of what top rank get from manny, 25 percent goes to golden boy
it was not the best move by manny. i am not a boxer but i know that you can not sign two contracts.
lebron knows that he could not sign with two teams. have this ever happened to any body else?
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Originally posted by Gino Ros View Posthow much? like five millions?
and the reason Arum made a settlement with Golden Boy (even though it wasnt his fault Pac signed 2 contracts) is because Arum didnt want to take the chance that perhaps a court might rule in GB's favor and invalidate Arum's contract.
So in essence, he felt that a guaranteed 75% of Pac's promotional profits was better than a possible 100% of nothing..............
He's no fool.
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