MANNY Pacquiao is a millionaire many times over, but this latest news will further fatten his bank account into stratospheric dimensions.
According to boxing website Boxingtalk which interviewed PPV guru Mark Taffet, the latest Pacquiao-Morales rematch generated some 350,000 pay-per-view buys, an improvement of 10,000 buys from their first encounter.
At the rate of $44.95 per household who took the pay-per-view route, the amount generated by the fight should total close to $16 million, which will go to Morales, Pacquiao, the promoters and HBO.
Pacquiao, according to reports, is assured of 40 percent take of the pay-per-view income, thereby putting his share at a whopping $6 million (P318 million) at today’s exchange rate.
There was no mention of how much of Pacquiao’s pay-per-view shares will go to his management team.
With another marquee fight looming, possibly against Marco Antonio Barrera within this year, it is likely that Pacquiao, who once sold bread for a living, will become the first-ever billionaire athlete in the history of Philippine sports.
