Sunday, November 23, 2008

Pacquiao vs De La Hoya Update II: Pacquiao Freeloaders' Dream

Wow, showing his generosity, Manny Pacquiao spent 27.5 million pesos or $550,000 on tickets to be given away to his friends who will be watching the upcoming Manny Pacquiao vs Oscar De La Hoya Dream Match. These tickets will be handed out to already rich & cheapskate politician and actor friends of him. This is not just any ticket but ringside ones which has a face value of $ 1,500. It doesn't cover the traveling and lodging costs Manny Pacquiao will provide other freeloaders. I think Manny Pacquiao's entourage just increased from 100 to 1,000 after hearing this news. As usual, the politicians expect others to foot their bill whether it is the taxpayers or their businessmen friends.

Last Sunday, Manny Pacquiao's camp gave away 500 turkeys. This time they are giving out $500,000 to TURKEYS.

I hope he knows what he is doing. For I've seen many athletes, rise from poverty to fortune and crash back again due to financial mismanagement - half a million dollars is a huge amount of cash. I will not cite Manny's outreach programs like giving goodies to his provincemates on his birthday as it is for a good cause -- in fact I commend it. But doling out on people who can afford it in the first place is just unconscionable. I wonder how many of these so-called friends will still be there for him when times go bad. In these uncertain economic times, I can't believe $500,000 is given away very conveniently.

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