Floyd Mayweather Jr. recently spoke about Manny Pacquiao’s alleged money woes. The five-division world champion attributed the Filipino icon’s financial problem to poor decision-making.
Pacquiao is scheduled to fight WBO welterweight champion Jessie Vargas in November. He could possibly fight two more times in 2017, depending on the Vargas bout.
Earlier this month, the newly-elected Philippine senator candidly revealed to BBC that boxing is his main profession. He can’t simply rely on his salary as a politician.
“[It’s] your team, he said. “It’s all about who you surround yourself with.”
Mayweather has been a staunch advocate of fighters making fights, instead of their money-grabbing promoters. Pretty Boy has amassed millions by being his own boss and preventing boxing executives from taking advantage of him. He believes that’s what happened to Pacquiao.
“That’s the biggest problem in the sport today,” Mayweather told Fight Saga. “We really shouldn’t criticize these fighters. We should be criticizing the people surrounding them, who are taking from these young fighters.”
He added that promoters are supposed to help fighters reach their full potential so they could earn the most money possible. Promoters should make sure their fighters have something left for when they retire.
Alex Ariza, Pacquiao’s former strength and conditioning coach who is now a member of The Money Team, revealed that Pacquiao did not actually receive the agreed $150 million payout. He claimed he saw Pacquiao’s check after the fight. It was nowhere near $150 million.
“He made maybe a tenth of that,” Ariza mused. “Floyd was shocked at what he got.”
Mayweather earned at least $220 million from the Pacquiao fight. Due to the pre-agreed 60-40 split between the two boxers, the Filipino icon pocketed $150 million. Rumor has it, he spent most of the money paying off Bob Arum and Top Rank Inc.
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