It’s not too long ago that Manny Pacquiao was beating Oscar de la Hoya like he owned him. Most think he beat Goldie down for the money but there might have been something else behind it. There’s more to Pacquiao than meets the eye and the two are more similar than one might think.
Pacquiao, who is immensely popular back in The Philippines, is a bit of a showman and a potential future president**. He named his daughter Queen Elizabeth and attempted to seek her approval in person when in England promoting his May 2 fight against Ricky Hatton.
In addition to giving his kid a stupid name, Pacquiao has a one-man 70s style variety show as well as a music career that would make de la Hoya jealous. You might remember Goldie’s attempt at a music career. Here’s a reminder in English and Spanish in case you didn’t know or tried to forget. Manny is not impressed.
Let’s hope that pictures of Pacquiao in fishnets turn up on the internets soon so he can complete his Single White Female eclipse of de la Hoya. Maybe he’ll even take the wife and Golden Boy Productions like when James Woods stole Peter Griffin’s life.
** Freddie Roach could also be president of the Philippines. He polls a close second in popularity behind Pacquiao.
You know the times are bad when the economic downturn starts making people to change their names. Floyd Mayweather Jr. might want to consider downgrading his nickname from Money to Change. It was only several months ago that he was making it rain in the club with $30,000. Now we find out that he’s having huge money problems.
Boxing Scene reports that Mayweather owes the IRS $6.1 million in back taxes from 2007 and the agency has placed a lien against him for that amount. If he doesn’t pay them in a timely fashion, the amount could increase by $500,000 a year.
Mayweather has been taking it from all sides since he made it rain in July. The last half of 2008 financially beat the former champion like his name was Javon Walker.
August: Las Vegas home was robbed of $7.1 million in jewelry September: Sued by real estate developer for backing out of deal to buy a house October: Economic crash drops real estate value by more than 30%
Oscar de la Hoya and Floyd Mayweather Sr. have alluded to Floyd Jr.’s profligate spending habits and money issues. It’s rumored that he gambles absurd amounts on sports in addition to having over 20 luxury cars. At this rate, he’ll be forced to get back into the ring to pay off his debts. Hopefully he doesn’t let himself go like Mike Tyson before that happens. The idea of Mayweather-Pacquiao matchup sounds pretty good right now.
It appears awesomeness is not enough to make it in the world of finance. HRJ Capital, an investment firm started by Harris Barton, Ronnie Lott and Joe Montana(EDIT:Apparently Joe Montana left the company in 2005) (HRJ get it) all formerly of the San Francisco 49ers, is about to get taken over. HRJ apparently owes Silicon Valley Bank a staggering 69 million dollars. Sixty-nine million dollars. I mean, who would’ve thought 3 ex athletes would have no idea what they were doing in the world of private equity and finance? Don’t get mad at me, even actual financial analysts say that what they were doing was pretty dumb.
In the financial equivalent of a Hail Mary pass, HRJ apparently doomed itself by using the firm as collateral on a bridge loan as it was attempting to raise $250 million. It was able to raise only about half that amount — between $110 million and $130 million — yet it had committed the entire $250 million for investments, according to a report from Thomson Reuters.
“Yes, that’s just as dumb as it sounds,” wrote Dan Primack, the top private-equity analyst at Thomson Reuters, and founder and editor of the www.pehub.com Web site.
“It’s very hard to kill off a PE firm,” he said. “The significance here to me is that one is actually dying. This is an exceptional case.”
Exceptional indeed. I wonder how some of their well regarded clients like Andre Agassi, Jerry Rice, Tim Duncan or Oscar de la Hoya feel about it? I don’t care how tough Ronnie Lott or Harris Barton were in their prime, I wouldn’t want to be the one to tell Oscar de la Hoya that you just lost a few million of his dollars. Ouch.
Chances like the one this past Saturday don’t come around that often. You could have had the Philippines for the price of a small mercenary army provided by a reputable outfit such as DynCorp International.
“Tigil muna siguro ang military offensive pero habang nanonood, mga armalite nasa tabi. Mahirap na, baka malusutan (Military offensives will be suspended, but our guns should be on our sides because some groups might take advantage),” Philippine Army spokesman, Lt. Col. Romeo Brawner Jr. said.
Military camps and headquarters were converted into theatres so soldiers and their families could watch the fight. Chimp and I should have motivated and launched a Tet-style offensive with a bunch of South Africans instead of getting housed and watching the fight. There’s no college football of consequence on Saturday so email us if you want to go after the Central African Republic or Vanuatu. Let’s shoot for the morning. I’d like to get it done by 8 so I can go to a show but it all depends on what I get into Friday night.
What’s happened to Money Mayweather? He appears on the WWE and now he’s making Pacman Jones look good up in the club. At least Pacman kept it real when he made it rain in Vegas even if he proceeded to take his money back and tear up the club afterwards. When we say keeping it real, we mean he used real money.
My photographer Freddy O was almost arrested at a gas station this morning after trying to pay for gas with one of the counterfeit $100 bills that boxer Floyd Mayweather tossed in the air at Club PURE last night.
According to Fred (and several others in attendance) Mayweather’s “boys” were handing him the stacks of hundreds.
There is speculation that one of his “boys” switched out the real hundreds for the counterfeit hundreds and kept the real cash for himself. I would be inclined to believe that maybe Floyd didn’t know what his boys were doing, except that this has happened before!
Some club patrons in Las Vegas also complained about Mayweather tossing counterfeit bills earlier this year. We’re not talking fake bills of the copy machine variety – we’re talking print shop quality counterfeit bills.