A report from the United States has said boxing icon and former senator Emmanuel “Manny” Pacquiao had been ordered by a jury to pay around US$5 million to a sports management firm, after he lost a lawsuit to them.
Pacquiao, a former presidential candidate in the 2022 elections, was ordered to pay $5.1 million to Paradigm Sports Management (PSM), after they won their lawsuit against the boxing superstar, with the jury deciding 9-3 in their favor.
According to Los Angeles-based journalist Steve Angeles, the division is $1.8 million in damages and the $3.3 million PSM gave to Pacquiao.
PSM claimed that the former senator committed a breach of contract, after he allegedly concealed an agreement with another promotional company, TGB Promotions.
The promotional group was supposed to have a bout between Pacquiao and mixed martial artist Conor McGregor, but that did not push through. Instead, he fought Yordenis Ugas, who was a replacement for another boxer in Errol Spence.
Pacquiao's last fight was an exhibition bout against South Korean vlogger DK Yoo, which he won. This was his first match after he ran in last year's elections.
Credit belongs to : www.manilatimes.net