Boxing champion Manny Pacquiao ordered to pay $5.1M for breach of contract

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Manny Pacquiao ended up on the losing side of a legal fight with Paradigm Sports after a California jury sided with the management company over a breach of contract.

"The court has scheduled a hearing in June, and there are still legal issues that need to be addressed by the court before the case is fully resolved," Jason Aniel, an attorney for the firm representing Pacquiao, said in a statement.

Manny Pacquiao attends the charity marathon event to provide shelters for the children in the Philippines at City Football Station on May 22, 2022 in Tochigi, Japan. Pacquiao announced his retirement in 2021 and last fought in against Yordenis Ugas in August of that year. The bout with Ugas was one of the primary issues of the case.

Pacquiao was originally scheduled to fight welterweight champion Errol Spence, but an injury caused Spence to withdraw. But, Paradigm could not secure an injunction to halt the bout, and it ultimately proceeded. TGB Promotions was presenting the fight. Aug 21, 2021; Las Vegas, Nevada; Manny Pacquiao fights Yordenis Ugas in a world welterweight championship bout at T-Mobile Arena."The reason that Paradigm's attempt to get the injunction failed was, in large part, due to the fact that we had had an ongoing contractual relationship with Pacquiao which predated any alleged contract that Paradigm entered into with Pacquiao," Phil Weiss, legal counsel for TGB Promotions said.

 

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