| |
|
PACQUIAO INVESTS P1.5 MILLION FOR OWN PROMOTIONAL OUTFIT
By Salven L. Lagumbay
PhilBoxing.com
Sat, 23 Jul 2005
Pound-for-pound icon Manny Pacquiao has just upped the ante on his planned promotional outfit, to be named after him, putting up an initial investment that would jumpstart the fledling company that he envisions to revolutionize how boxing is done in the future.
As a first step, though, a source said that the General Santos City-raised lefty is poised to divest himself of any financial involvement with a local boxing program, In This Corner, which is run by his former business manager Rod Nazario.
"He has his own money invested in that outfit, and he seems interested in getting back his investment first," said the source, who requested anonymity. The same source had also expressed positively of Pacquiao's plan not to sue Nazario, indicating that the latter has long been credited for making Pacquiao what he is today.
"Pacquiao and Nazario should not be fighting against each other. Instead, they just need to let bygones be bygones," said the source, who also added that Pacquiao has already set aside some P1.5 Million to start the ball rolling for his new promotional outfit, which is designed under the same concept as that of Oscar De la Hoya's Golden Boy Promotions.
Rex "Wakee" Salud, the Cebuano boxing promoter who had produced three world champions in the past, is also said to be working closely with Pacquiao for the project.
Also, the same source added that Pacquiao is now working with veteran matchmaker Jimmy Narvaez, an expert of the fight game, to be able to put up quality shows in the future.
Pacquiao is currently managing the affairs of his younger brother Bobby, along with Los Angeles-based Michael Koncz.
Click here to view a list of other articles written by Salven L. Lagumbay.
Recent PhilBoxing.com In-House articles:
“The Wonder Boy” Carl Jammes Martin Ready to Shine October 29 at the 50th Anniversary of the Thrilla in Manila (Analysis)
By Carlos Costa, , Mon, 13 Oct 2025THRILLA IN MANILA GOLDEN ANNIVERSARY 19: JOE FRAZIER FIGHTS ALI, QUARRY AND ELLIS AGAIN
By Maloney L. Samaco, , Mon, 13 Oct 2025Berchelt captures "Reynosa" WBC commemorative belt after triumphant return
By Gabriel F. Cordero, , Mon, 13 Oct 2025Supeyia Fights Mamdouh in Brico Santig’s Thailand Show; Elmo Traya and Raymond Yanong Also in Action Oct 25 LIVE on TrillerTV
By Carlos Costa, , Mon, 13 Oct 2025PIJUS LABUTIS MAKES HISTORY WITH MAIDEN MATCHROOM MAJOR TRIUMPH IN HANOI
, Mon, 13 Oct 2025ARSLANBEK MAKHMUDOV DEFEATS DAVE ALLEN AND DEMANDS TO FACE AJ NEXT
, Sun, 12 Oct 2025Domingo faces Fajardo in Thrilla in Manila 2 Countdown
By Lito delos Reyes, , Sun, 12 Oct 2025Doroma-Aranas 2 on October 13
By Lito delos Reyes, , Sun, 12 Oct 2025OFFICIAL WEIGHTS FOR FISTS OF FURY 8, TOMORROW NIGHT AT SEMINOLE HARD ROCK HOTEL & CASINO HOLLYWOOD
, Sun, 12 Oct 2025Alvin Camique Busts the "Mafia" in Tanzania!!!
By Carlos Costa, , Sun, 12 Oct 2025DAY FOUR: NEUHAUSEN, CAPITO, VERGARA AND LABUTIS CHARGE INTO SEMI-FINALS IN HANOI
, Sun, 12 Oct 2025RED OWL BOXING BOXFEST XVI LIVE ON DAZN RESULTS: DEONTE BROWN DEFEATS GRIMARDI MACHUCA
, Sat, 11 Oct 2025SBA Expands Scouting Tour to Discover New Talents for Season 2 Team Expansion
By Marlon Bernardino, , Sat, 11 Oct 2025Alvin Camigue KOs unbeaten Ibrahin Mafia in Tanzania
By Lito delos Reyes, , Sat, 11 Oct 2025DARE TO ENTER: ORTIZ VS. LUBIN LESS THAN A MONTH AWAY, GOLDEN BOY ANNOUNCES STACKED PRELIMINARY CARD FEATURING FAN FAVORITES ERIC PRIEST AND ROBIN SAFAR
, Sat, 11 Oct 2025Ennis vs. Lima: Boots is Back in Philly
By Chris Carlson, , Sat, 11 Oct 2025Weigh-in Complete: Philadelphia's Jaron Ennis and Uisma Lima Set for WBA Interim World Title Fight
, Sat, 11 Oct 2025Ronny Alvarez Training Camp Notes Ahead of Most Valuable Prospects 16 on DAZN
, Sat, 11 Oct 2025Bruce “Shu Shu” Carrington Featured in Exclusive Global Boxing Network Interview
, Sat, 11 Oct 2025SHEFFIELD WEIGH-IN RESULTS AND FIGHT NIGHT RUNNING ORDER CONFIRMED AS ALLEN AND MAKHMUDOV FACE-OFF FOR FINAL TME
, Sat, 11 Oct 2025Manchester says Goodbye to Ricky Hatton
By Gabriel F. Cordero, , Sat, 11 Oct 2025DAY THREE: CHUA AND GORST KNOCKED OUT AS BIADO, YAPP AND SHAW MARCH INTO LAST 16
, Sat, 11 Oct 2025JARON ‘BOOTS’ ENNIS AND UISMA LIMA PRESS CONFERENCE QUOTES
, Fri, 10 Oct 2025RED OWL BOXING: BOXFEST XVI – OFFICIAL WEIGH-IN RESULTS
, Fri, 10 Oct 2025Irish amateur star Jim Donovan Right back in ring after pro debut
, Fri, 10 Oct 2025 |
|
|
|
|
|
