| |
|
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:
Weights From ‘Vazquez vs. Lugo’ Event from College Park Center in Arlington, TX, & Broadcast Live on ProBoxTV
, Fri, 05 Jun 2026SHEFFIELD FIGHT WEEK PRESS CONFERENCE QUOTES: EVERYTHING THAT WAS SAID AS JOSH PADLEY AND AQIB FIAZ FACE OFF
, Fri, 05 Jun 2026“I would not say Yoka is more dangerous.” Murat Gassiev's coach Kadushin on boxer's training camp
, Fri, 05 Jun 2026“I would not say Yoka is more dangerous.” Murat Gassiev's coach Kadushin on boxer's training camp
, Fri, 05 Jun 2026Homecoming for super middleweight prospect Elijah Garcia to be showcased June 20 on Kingsley Ibeh vs. Dante Stone card in Phoenix
, Fri, 05 Jun 2026Amateur Standout Kayla "The Truth" Gomez Set for Professional Debut on MF Pro's "Pugilist Revolution" June 19 in Long Beach
, Fri, 05 Jun 2026Tancontian to lead PH team in Sambo Asia-Oceania
By Lito delos Reyes, , Fri, 05 Jun 2026Clarion to fight for WBC Youth World super flyweight title in Japan
By Lito delos Reyes, , Thu, 04 Jun 20262026 NBA Finals: Knicks Steal Game 1 in San Antonio 105-95
By Reylan Loberternos, , Thu, 04 Jun 2026LAMONT “THE REAPER” ROACH JR. AND WILLIAM “EL CAMARÓN” ZEPEDA TO BATTLE FOR THE WBC LIGHTWEIGHT WORLD CHAMPIONSHIP
, Thu, 04 Jun 2026Ramirez vs. Richards - Weigh In Results
, Thu, 04 Jun 2026Louisville and Boxing World commemorated 10th Anniversary of Muhammad Ali death
By Gabriel F. Cordero, , Thu, 04 Jun 2026Sampson Lewkowicz: Boxing’s Picasso
By Emmanuel Rivera, RRT, , Wed, 03 Jun 2026BARRY HEARN OBE TO FUND 10 BRAND NEW APPRENTICESHIP ROLES THANKS TO MATCHROOM CHARITABLE FOUNDATION AND COACH CORE
, Wed, 03 Jun 2026Olongapo to host National Age Group Chess Championship
By Marlon Bernardino, , Wed, 03 Jun 2026JOSEPH "JOJO" DIAZ EAGER TO REVIVE CAREER AHEAD OF JUNE 19 SHOWDOWN WITH "H2O" SYLVE
, Wed, 03 Jun 2026Charly Suarez is my idol - Jhon Lowie Lastimosa
By Lito delos Reyes, , Wed, 03 Jun 2026Josh “The Hammer” Popper: From Holy Spirit to a Heavyweight Headline at the Tropicana
, Wed, 03 Jun 2026600 athletes expected in 11th Asia-Oceania Sambo tourney
By Lito delos Reyes, , Wed, 03 Jun 2026Dagestan rivalry set to ignite Moscow: Khalidov and Yallyev clash on stacked IBA PRO 19 card
, Wed, 03 Jun 2026Deep Waters rules inaugural WR Bughouse Championship
By Marlon Bernardino, , Tue, 02 Jun 2026HE TURKI ALALSHIKH: 'AJ vs PRENGA IN JEDDAH REINFORCES SAUDI ARABIA'S POSITION AS DESTINATION FOR WORLD'S LEADING EVENTS'
, Tue, 02 Jun 2026ANTHONY JOSHUA VS KRISTIAN PRENGA TO TAKE PLACE IN JEDDAH ON JULY 25 – LIVE ON DAZN – AS HEAVYWEIGHTS FACE-OFF IN LONDON
, Tue, 02 Jun 2026Ryan ‘The Bruiser’ Rozicki Gets a kick out of British sports fans
, Tue, 02 Jun 2026GUSTAVO TRUJILLO CONTINUES HEAVYWEIGHT ASCENT WITH DEVASTATING FIRST-ROUND TKO
, Mon, 01 Jun 2026 |
|
|
|
|
|
