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Tuesday, November 16, 2010

$20M for Pacquiao in Margarito fight

New World Boxing Council (WBC) super welterweight champion and international boxing superstar Manny "Pacman" Pacquiao is to take home a guaranteed fight purse of US$15 million (around P645 million) plus around $5 million in pay-per-view (PPV) share from his resounding victory over Mexican Antonio "Tijuana's Tornado" Margarito.

According to ESPN sports analyst Dan Rafael, Pacquiao earned a total of roughly $20 million or P860 million from his thrashing of Margarito on Saturday (Sunday in Manila).

Surely, he'll land higher from 8th place in the Forbes Magazine's List of World's Richest Athletes, and surpass other famous athletes including Miami Heat superstar LeBron James. If he'll stay away from converting his cash prize to the peso-value, he''ll definitely reach the billion-mark for this fight, assuming the dollar strengthens against the peso.