That's over P280 million.
A jury in the United States has ruled that Manny Pacquiao must pay $5.1 million (around P282 million) to Paradigm Sports Management as part of a civil lawsuit filed by the company.
Paradigm won the lawsuit with a 9-3 jury verdict, which entitles them to financial damages from the Filipino boxer, as reported by The Philippine Star.
The amount Pacquiao must pay includes $1.8 million in damages and the $3.3 million advance that he received from the sports management agency.
The lawsuit was filed after Paradigm claimed that Pacquiao breached his contract by not disclosing his previous agreement with another promotional company, TGB Promotions.
Paradigm claims Pacquiao's link with this other company prevented them from arranging a fight for the world-renowned boxer. They also questioned Pacquiao's credibility.
The Filipino slugger's camp, on the other hand, contended that the agency failed to deliver commitments.
It was said that Pacquiao entered into an agreement with the California-based company to arrange a lucrative fight with Conor McGregor, but the fight did not happen.
The eight-division world champion instead sought another deal and ended up with a match against Errol Spence Jr., who then got injured and had to be replaced by Yordenis Ugas. Pacquiao ultimately lost to Ugas in August 2021 in what would be his last professional boxing fight.
Bruce Cleeland, Pacquiao's defense lawyer, argued during the trial that Pacquiao did not violate his contract and was justified in ending his association with Paradigm since they did not meet their obligations.
The jury thought otherwise.
Both Pacquiao and Audie Attar, the CEO and founder of Paradigm, were not in the courtroom when the jury delivered the verdict.
Pacquiao’s camp has yet to give a statement on the decision.
(GM)