Manny Pacquiao has finally announced Jessie Vargas as his opponent for his comeback fight on November 5 at the Thomas & Mack Center in Las Vegas, Nevada.
The only concern that needs to be cleared up right now is will he ever be able to afford to retire completely without ending up broke or hurting himself?
Manny Pacquiao’s financial woes have followed him for some time now, and he was even rumored to be close to bankruptcy back in 2013.
The Pacman is known for spending so much on his army of entourage, which consists of people with all sorts of titles, apart from his trainers and assistant trainers, he has advisers of whatever kind, pastors, politicians, security staffs, drivers, drivers to his mother, relatives, gofers, etc. following him wherever he goes.
Having a large company like that spells a lot of unnecessary expenses. He spends hundreds of thousands of dollars for airfare alone, spending for people he doesn’t even need to perform as a boxer; flying them from the Philippines to fight venues, paying for trips and hotel accommodations.
He may very well be spending more on people other than his own family and himself, and for what?
Boxing legend Sugar Ray Leonard may have been right all along when he said:
“Pacquiao tries to help everyone just like me. He goes out of his way to help everyone but you can’t help the world.” According to a report by FightSaga.
It appears that that’s exactly what Manny is trying to do when he’s spending on building hospitals and churches, and donating millions, etc.
“Sometimes you have to say no. It was difficult for me to say no at first, I gave away many millions of dollars.” Sugar Ray Leonard added.
Manny Pacquiao’s coach Freddie Roach has long been a critic to Manny’s spending habits. He mentioned his charitable ways, political campaigns, and lavish lifestyle could mean Manny will be having a hard time calling it a career. Adding that spending a million dollars on a basketball game sounds too reckless.
Announcing his comeback fight, in a report by BBC Manny Pacquiao said, “Boxing is my main source of income. I can’t rely on my salary as a public official. I’m helping the family of my wife and my own family, as well. Many people also come to me to ask for help.”
Manny Pacquiao is officially back, but the real question should be, can he really afford not to fight? Here’s hoping he doesn’t end up hurt one day by fighting way past his prime like most of his peers.
Photo courtesy: Joseph Nebrida/Wikimedia