Late Saturday evening, FightHype.com recieved word that eight-division world champion Manny Pacquiao decided to terminate the services of VisionQwest Resource Group, the very same company he hired to handle both his business and personal accounting affairs. The news came on the heels of a FightHype.com report citing a source who informed us that Michael Koncz held a private meeting with Pacquiao, armed with documentation given to him by Arum which made it appear as though VisionQwest “tricked him” into signing a power of attorney that granted them full control of his business affairs.
Naturally, Koncz adamantly denied the report, saying, “Bob has never interfered with Many Pacquiao’s businesses or who Manny Pacquiao hires.” However, Michael Lodge, President & CEO of VisionQwest Resource Group, made it clear to us that someone was indeed interfering with their affairs, telling FightHype.com, “VisionQwest has been made aware of an attempted interference from individuals and we are addressing these issues with our client.” Although he did not name Michael Koncz or Bob Arum specifically, the news did indeed match the information provided to us by our source.
