| |
|
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:
Cebuana Lhuillier-backed Blu Girls Pull Off Stunning Comeback Against World No 3 Puerto Rico, Split Doubleheader in Lima
By Marlon Bernardino, , Fri, 17 Jul 2026"Pipino" Cuevas: 50 Years as Mexico's Youngest World Champion
By Gabriel F. Cordero, , Fri, 17 Jul 2026IBA Secretary General & CEO, Chris Roberts OBE: Regulation is how IBA pave the way forward for Bare-Knuckle Boxing
, Fri, 17 Jul 2026EVERY WORD FROM THE FINAL PRESS CONFERENCE FOR PACHECO VS. ALEEM IN CARSON, CALIFORNIA
, Fri, 17 Jul 2026WBO Youth Champion Esteban Garson Signs Agreement with Tuto Zabala Jr.'s All Star Boxing, Inc.
, Fri, 17 Jul 2026Wheels and Waves 2026 at August 8 & 9 in Samal
By Lito delos Reyes, , Fri, 17 Jul 2026FM Rico Salimbagat leads IIEE Chessmasters team in Bundesliga
By Marlon Bernardino, , Fri, 17 Jul 2026MCGIRT: WE HAVEN’T SCRATCHED THE SURFACE OF PACHECO’S TALENT
, Fri, 17 Jul 2026Atlantic City Boxing Hall of Fame Announces Tickets Are Now on Sale & Special Guests Confirmed for 10th Annual Awards & Induction Weekend
, Fri, 17 Jul 2026Puma Half Marathon kicks off July 19
By Lito delos Reyes, , Fri, 17 Jul 2026Asian Youth Chess in China
By Marlon Bernardino, , Fri, 17 Jul 2026NONSTOP ACTION ADDED TO ROACH VS. ZEPEDA WITH STACKED UNDERCARD
, Thu, 16 Jul 2026Heavyweight Dainier Pero Looks to Continue His Climb Against Aleem Whitfield Live on ESPN
, Thu, 16 Jul 2026Ryan Garcia Set to Defend World Title Against Conor Benn in Paramount+ Global Bout at T-Mobile Arena on September 12 over Mexican Independence Day Weekend
, Thu, 16 Jul 2026Fight Result: Yuga Ozaki Stops Jerry Francisco in Tokyo
By Dong Secuya, , Thu, 16 Jul 2026Bruno Tarimo returns to Headline Dragon Fire Boxings next event; BOXINGMANIA August 8th in a WBA Championship clash with Junlun Zhao
, Thu, 16 Jul 2026Round 12 with Mauricio Sulaimán: The WBC Reaps Rewards in Uruguay
By Mauricio Sulaimán, , Wed, 15 Jul 2026Risky proposition for Charly
By Joaquin Henson, , Wed, 15 Jul 2026Michael Zerafa opponent revealed as August 12 tickets go on sale for Gold Coast blockbuster
, Wed, 15 Jul 2026Cebuana Lhuillier-backed Blu Girls Stay in the Hunt Despite Opening Setback, Shift Focus to Japan Showdown
By Marlon Bernardino, , Wed, 15 Jul 2026BiYu Promotions' Yusniel Abrahante Ready to Shock Undefeated Luis Coria on ProBox TV This Saturday
, Wed, 15 Jul 2026Showdown in Tokyo: Jerry Francisco Challenges Undefeated Yuga Ozaki for WBO Asia Pacific Title Today
By Dong Secuya, , Wed, 15 Jul 2026RUIZ JR. FACES KNYBA AT PRUDENTIAL CENTER, NEWARK, NJ ON SEPT 4 – LIVE ON TNT AND DAZN
, Wed, 15 Jul 2026MATCHROOM AND DAZN LAUNCH PROJECT SERIES ON AUG 28
, Wed, 15 Jul 2026Pinoy woodpushers confident in Asian Youth tilt in Shenzhen, China
By Marlon Bernardino, , Wed, 15 Jul 2026 |
|
|
|
|
|
