Why is Manny Pacquiao on Golden Boys Promotions list of fighters?

0
Posted

Why is Manny Pacquiao on Golden Boys Promotions list of fighters?

0

Manny Pacquiao is on Golden Boy Promotions list of fighters because Golden Boy has a 5 percent stock in his contract. A few years ago, it was announced that Pacquiao signed with Golden Boy because Oscar De La Hoya gave him a suitcase full of cash and as soon as Pacquiao saw that, he agreed to sign with Golden Boy (would you want a guy like that representing you in politics?…). However, Arum still had a valid contract at the time, Pacquiao signed with Golden Boy and after the smoke had settled, Pacquiao once again pledged his allegiance to Arum even though Golden Boy claimed that he was with them. So, what ended up happening was that it got taken to court and the judge determined that since Pacquiao never terminated his contract with Arum and that it was still valid, he was still a Top Rank fighter, however, since he signed a valid contract with Golden Boy, the judge also determined (after he compromised with Top Rank and Golden Boy) that GBP would get a 5 percent stake in his contrac