Pacquiao camp denies bankruptcy claim as confidante Salud hints at libel case

“Wala akong sinabi na ganun. Pinalaki lang nung writer,” Manny Pacquiao’s longtime confidante Rex Salud commented about the rumor saying Pinoy boxing champ Manny Pacquiao is going bankrupt.


The camp of Manny Pacquiao was quick to deny reports claiming he has gone bankrupt, insisting the boxing hero remains in control of billions worth of assets amassed from years as one of the world’s highest-earning athletes.

Pacquiao’s chief of staff, Haplas Fernandez, slammed the story as "preposterous" while his mother, Mommy Dionesia, pointed to the former pound-for-pound king’s numerous assets and businesses to disprove the claim made by a Cebu daily on Thursday.

Even the supposed source of the story, longtime Pacquiao confidante Rex ’Wakee’ Salud, denied he ever said the Filipino hero has gone bankrupt as he hinted at a libel case against the daily.

“Wala akong sinabi na ganun. Pinalaki lang nung writer,” an irked Salud said when reached by Spin.ph. “Ang sabi ko lang … baka medyo gipit. Kasi isang taon nang walang laban, nanibago yung lifestyle. Pero hindi ko sinabi na bangkarote na.”

Salud denied telling the daily that Pacquiao has totally lost all of his money due to his well-known generosity, lavish lifestyle, and campaign expenses in polls involving not only him but wife Jinkee and a brother.

Fernandez said the bankruptcy rumors were most likely fanned by news that the Pacquiaos have put their Los Angeles house for sale for US$2.7 million.

(VIEW GALLERY: Jinkee Pacquiao’s Home in L.A.!)

But he insisted: “Siguro ibinase nila yun sa ibinebentang bahay ni Boss sa LA. Kalokohan yan. Walang basehan yan. Ibinebenta yun kasi wala namang nakatira. Sayang lang. Ang mahal-mahal pa ng tax.

“Nagbenta lang ng property bankrupt na?”

Fernandez bared that Pacquiao is very much in control of his prime estates in Manila including a mansion in the posh village of Forbes Park.

The Pacman also owns two more mansions in Paranaque, which according to Fernandez are also rarely used, and another in Biñan, Laguna near Brent International School which his kids attend.

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(READ MORE ON SPIN.PH: Pacquiao camp denies bankruptcy claim as confidante Salud hints at libel case)


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