It appears Pacquiao trusted the wrong people, which has happened to others. For example, gifted musician, Billy Joel, who is one of the most talented singer/songwriters ever, made a fortune from his talent, but someone close to him stole and squandered $20,000,000 of his earnings. In the entertainment and sports world, the general rule must always be, trust no one and verify all items presented to you. While there are decent, honest people in both industries, there are opportunists and thieves as well, who are always looking for someone to rob and exploit. Protect yourself and your financial future.

In closing, Money May is still trash talking stating, "Pacquiao had his opportunity. He had his chance. When he had his opportunity and he had his chance, I guess he was tooting his own horn and he felt like he was on the same level as me. It's obvious he wouldn't have asked for 50/50. So now, two losses later and he's got a problem...when I offered you $40 million, you turned it down...Pacquiao got IRS problems. Pacquiao got pay-per-view number problems. Pacquiao's boss name is Rob Arum. Pacquiao owes $68 million in taxes..."

Who knows what Mayweather's true feelings are regarding wanting Arum out of the picture. However, it is Mayweather's right to decline to fight anyone in Arum's stable. Just like it is Pacquiao's right to seek a new promoter when his contract with Top Rank Boxing expires at the end of the year. That's sports.

Both Pacquiao and Mayweather have to do what's best for them. It's not a matter of being cold, calculating or callous. They both need to seek the best compensation package in any deal they pursue, as they have families to support and need to plan for their financial futures. It's unfair to work so hard and not be able to enjoy the fruits of one's labor. Once again, protect yourselves and be smart with your money (or someone else will).

January 07, 2014 - In a recent interview, Manny Pacquiao's long-time Filipino lawyer, Franklin Gacal, raised a number of eyebrows after urging promoter Bob Arum to release the multi-division world champion from his contractual obligations. Responsible for reviewing all of Pacquiao's contracts, both in and out of the ring, Gacal has long-been considered one of the closest confidants of the fighting congressman from Sarangani, who named him his Chief of Staff after his election. To the surprise of many, Gacal revealed that he has never seen Pacquiao's current contract with Top Rank thanks to adviser Michael Koncz, who apparently kept it hidden from him. ...