| |
|
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:
Mexico Commemorates 12th Death Anniversary of Don Jose Sulaiman (Photos)
By Gabriel F. Cordero, , Sat, 17 Jan 2026MOLLY McCANN EYES 'HUGE' STATEMENT START TO 2026 AS SHE JOINS BUMPER WOOD-WARINGTON CARD IN NOTTINGHAM ON FEBRUARY 21
, Sat, 17 Jan 2026NEW MAIN EVENT ANNOUNCED! RAUL CURIEL SCHEDULED TO FACE JORDAN PANTHEN IN MIDDLEWEIGHT SCRAP
, Fri, 16 Jan 2026SMALLS VS RAMOS TOPS STACKED UNDERCARD FOR NAVARRETE-NUNEZ BLOCKBUSTER IN GLENDALE
, Fri, 16 Jan 2026Usyk Linked to Zuffa Boxing Deal as Questions Loom Over Title Defenses
By Gabriel F. Cordero, , Fri, 16 Jan 2026Abass Baraou: "No One Has Been Able to Withstand My Pressure!"
, Fri, 16 Jan 2026Wise Owl Boxing Signs Rising Female Star Chantel “Chicanita” Navarro
, Fri, 16 Jan 2026Mauricio Sulaiman: WBC wants to protect fighters' dream of becoming a world champion
By Gabriel F. Cordero, , Thu, 15 Jan 2026Xander Zayas: "It's Time to Make History!"
, Thu, 15 Jan 2026Weights from Trenton, NJ
, Thu, 15 Jan 2026Pro Boxer and Recent Grad Returns for Fight Night on the Farm — Celebrating Stanford’s Boxing Community
, Thu, 15 Jan 2026Jamaine Ortiz Aims to Derail Keyshawn Davis’ Undefeated Streak at Madison Square Garden
, Wed, 14 Jan 2026“No bad blood from me”- Good friends become better rivals – Clarke is ready for Cruiserweight title Clash March 13 in Perth – Thunderdome 53
, Wed, 14 Jan 2026Itauma suffers injury; Magnificent 7 rescheduled to March 28
By Gabriel F. Cordero, , Wed, 14 Jan 2026Top Super Lightweights Bryan Flores & Starling Castillo Battle in 10-Round Main Event of ProBoxTV’s ‘The Contender Series’
, Wed, 14 Jan 2026Harden surpasses Shaquille O'Neal's to become the ninth all-time leading scorer in NBA history
By Gabriel F. Cordero, , Wed, 14 Jan 2026“It’s time, LFG” - Holly McMath Trilogy for WBC Title Clash March 13 in Perth – Thunderdome 53
, Tue, 13 Jan 2026IBA President Kremlev encourages sporting organisations to protect women’s sport following Trump’s statement on Imane Khelif
, Tue, 13 Jan 2026REYES, STRICKLAND, BUSTAMANTE & SOUQUET SET FOR HISTORIC SHOWDOWN AT WNT LEGENDS – EVERYTHING YOU NEED TO KNOW
, Tue, 13 Jan 2026Pumicpic fights Korean in Japan
By Lito delos Reyes, , Tue, 13 Jan 2026No. 1 rated WBA Super Flyweight contender John “Scrappy” Ramirez remains patient and Looks forward to a 2026 World title shot
, Tue, 13 Jan 2026Ironman 70.3 Davao on March 22
By Lito delos Reyes, , Tue, 13 Jan 2026THE PAST WEEK IN ACTION 12 JANUARY 2026: Dalton Smith Halts Subriel Matias in 5; Kabayel Stops Knyba in 3
By Eric Armit, , Mon, 12 Jan 2026Chess Players Association of Negros Occidental, Incorporated (CPANOI) – 2026 Opening Event
By Marlon Bernardino, , Mon, 12 Jan 2026STUNNING SMITH DESTROYS MATIAS TO BECOME WORLD CHAMPION
, Sun, 11 Jan 2026 |
|
|
|
|
|
