Pacquiao guaranteed at least $20 million for upcoming fight

By Bev Llorente, ABS-CBN North America Bureau

Oct. 6, 2014

LAS VEGAS – In just six weeks, the Pacquiao-Algieri fight will take place in Macau, China, both fighters are busy gearing up for the most anticipated match of the year.

“It should be a great fight and I hope Manny is going to train very, very hard for this fight,” said Top Rank CEO Bob Arum, “Because Algieri has the size advantage, he is a very intelligent kid, and he moves very well – so Manny has to be on top of his game.”

In an exclusive interview with Balitang America, Bob Arum confirms the boxers’ fight purses.

“Manny’s purse from various sources is guaranteed to be not less than $20 million and guaranteed purses,” said Arum, “But what Chris is getting, that’s up to his promoter. But I’m paying him $2.75 million.”

When asked about Pacquiao’s tax woes, Arum said, “Philippines has a very good judicial system, and Manny went to the court in the Philippines and got an injunction against the tax people, because what they were doing was absolutely insane. They were taxing him on revenue that didn’t exist. … I think there’s a lot of politics.”

It was last year when the BIR froze some of the Pacman’s bank account, days after the Pacman’s victory against Brandon Rios.

Arum says although it’s inappropriate for him to comment on government officials, the president should take action.

“I think the president should be aware,” said Arum. “I think he is aware, President Aquino, on what’s happening and what she’s doing. What a loose cannon she seems to be and take appropriate action.”

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