| |
|
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:
Suarez, Lewkowicz Ask the WBO to Enforce Navarrete Rematch and Begin Negotiations Immediately
By Carlos Costa, , Tue, 21 Jul 2026THE PAST WEEK IN ACTION 20 JULY 2026: Papot Outpoints Eubank; Pacheco Stops Aleem; Suarez Smokes Avila in One Round
By Eric Armit, , Tue, 21 Jul 2026Fiery Exchange at Fanatics Fest: Garcia and Benn Nearly Brawl in New York Ahead of Sept. 12 Title Clash
By NewsHub @ PhilBoxing , , Tue, 21 Jul 2026John Michael Zulueta Headlines in Highland Show July 25 in Thailand, LIVE on TrillerTV
By Carlos Costa, , Tue, 21 Jul 2026Results from Dominican Republic: Alberto Puello Stops Ángel Bolaño in 3
By Gabriel F. Cordero, , Tue, 21 Jul 2026Matchroom Boxing reveals major fights in UK & Ireland schedule from August to October
, Tue, 21 Jul 2026Colombia National Congress Awarded "Kid Pambelé" with Grand Cross Knight
By Gabriel F. Cordero, , Tue, 21 Jul 2026MILO Marathon returns to Davao on August 2
By Lito delos Reyes, , Tue, 21 Jul 2026PHILBOXING.COM WEEKEND ROUNDUP: News, Fallout, and the Long Shadow of Sydney
By NewsHub @ PhilBoxing , , Tue, 21 Jul 2026Joe Hand Promotions Secures Commercial Rights for Errol Spence Jr. vs. Tim Tszyu Showdown
, Tue, 21 Jul 2026Grandy Twins Head to Tampa to Learn from Hall of Famers Antonio Tarver and Winky Wright Ahead of August 14 Homecoming Fight
, Tue, 21 Jul 2026Matchroom Extends Brentwood Town Fc Partnership as Principle Partner for Next Five Years as Barry Hearn Obe Provides Significant Investment to Non-League Football Club
, Tue, 21 Jul 2026IBA Pro announces departure of Director Al Siesta
, Mon, 20 Jul 2026Suarez sends strong signal
By Joaquin Henson, , Mon, 20 Jul 2026THE CORNER SHIFT: Can Ronnie Shields Rebuild Errol Spence Jr. After the Derrick James Fallout?
By T. Chin-Te, , Mon, 20 Jul 2026Yusniel Abrahante Shocks Undefeated Luis Coria in Dominant Performance Live on ProBox TV
, Sun, 19 Jul 2026Salamov stops Suarez as Borshchev beats Brito at historic IBA Bare Knuckle US debut
, Sun, 19 Jul 2026Pichay re-elected NCFP prexy, eyes more GMs
By Marlon Bernardino, , Sun, 19 Jul 2026Olympus Rising by TWC - Amateur MMA Fight on Saturday; live broadcast via Kalaro 3.0 Sports Super-app
By Marlon Bernardino, , Sun, 19 Jul 2026Suarez Obliterates Avila in One-Round Blitz to Capture WBO International Crown (Photos)
By Dong Secuya, , Sun, 19 Jul 2026Spence vs Tszyu, The Biggest Crossroad Fight Of 2026!
By Ralph Rimpell, , Sun, 19 Jul 2026Cebuana Lhuillier-backed Blu Girls Power Past Host Peru, Finish World Cup Campaign on a High Note
By Marlon Bernardino, , Sun, 19 Jul 2026Diego Pacheco and Immanuwel Aleem Tip Scales for Carson Showdown
, Sat, 18 Jul 2026Weights From ‘Flores vs. Navarro’ and 'Suarez vs Avila' at NOS Events Center in San Bernardino, CA & Live on ProBoxTV
, Sat, 18 Jul 2026Tickets on Sale Now for Andy Ruiz Jr. vs. Damian Knyba at Prudential Center, Newark, NJ on Sept 4 – Live on TNT and DAZN
, Sat, 18 Jul 2026 |
|
|
|
|
|
