Manny Pacquiao: "Me, broke? Come on. How can that happen?'"Written by Joseph Herron
On August 28th, FightSaga.com reported quotes from Floyd Mayweather Jr., implying that eight division world titlist Manny Pacquiao was coming back to the ring just seven months after announcing his retirement from the sport because he possibly needed the money.
In the same interview, Money May also insinuated that Pacquiao's advisers and team members were partially to blame for the alleged money troubles.
(Image courtesy of HBO)
"Your team," Floyd Mayweather stated to ESNews on August 27th. "It's all about who you surround yourself with. Who is his promoter? It's all about surrounding yourself with the right people and making smart investments."
"That's the biggest problem in the sport today. We really shouldn't criticize these fighters. We should be criticizing the people surrounding them, who are taking from these young fighters. As a promoter, the ultimate goal is to get every fighter to their highest plateau that they can possibly get to and have them make the most amount of money possible, leaving them with something left after they retire."
When the news got back to the Philippines Senator, his response to PhilBoxing.com on September 5th was one of disbelief and amazement.
"I've been fighting for the past 21 years and recipient of so many of what I consider as 'jokes' perhaps, to disarm me every time I fight. But, I'll tell you, this joke that I'm broke is the funniest and most annoying," the Pacman stated to PhilBoxing.com.
According to the annual Statement of Assets, Liabilities, and Net Worth (SALN) released by the Philippines House, Manny was listed as the wealthiest Congressman in the government, with a net worth of P3.27 Billion, which equates to over $70 million dollars.
"Me, broke? Come on," exclaimed the Filipino icon.
"How can that happen? They think I spent the almost P4 Billion I earned from boxing? All of my wealth, of course, came from boxing. Truth is, and I'm not bragging, with all my earnings and businesses, my family and I will not go hungry for the rest of our lives."
Pacquiao further explained why he continues to compete within the professional ring if he doesn't need the money.
"As a congressman, everybody must have already known that I have been helping so many of my constituents in their needs, most of them financial assistance, out of my own pocket," Pacquiao told PhilBoxing.com. "I told myself, it's possible to do both at the same time, boxing and government service."
"I will continue to give joy through boxing, and at the same time, continue serving humanity."
The future Hall of Fame fight legend is slated to face current WBO Welterweight champion Jessie Vargas on November 5th, at the Thomas and Mack Center in Las Vegas, Nevada.