Filipino ring icon Manny Pacquiao has clarified that his decision to sign up with Paradigm Sports Management (PSM) while having a live contract with Premier Boxing Champions (PBC) of Al Haymon will not result in any legal ramification.
Pacquiao, the reigning World Boxing Association Super welterweight champion, said his new contract with PSM is “non-exclusive” and will not be in conflict with his existing contract with PBC.
“Itong pinirmahan natin sa Paradigm, ito ay management, parang isa siyang agent pero walang exclusivity (The contract I’ve signed up with Paradigm is purely for management — it would be like an agent but without exclusivity),” Pacquiao told a reporters at his office in the Senate on Wednesday.
“Dito, kung ano ‘yung maipasok nila, ito’y pwede natin tanggapin, and then open pa rin sa lahat (I can accept whatever deal they brought in but at the same time I’m still open to other deals),” added Pacquiao, specifying that PSM will handle his endorsement, sponsorship, entertainment, media and business dealings.
“Lahat na siguro. Actually, matagal na ito, ayaw ko talaga ng my exclusivity.”
Pacquiao said he would honor his existing contract with PBC.
“Merun [contract with PBC] naman, okay naman, wala naman problema kasi open naman, nand’yan pa rin naman ako sa PBC (I still have a contract with the PBC, it’s still okay, I don’t see any problem with that).”
Pacquiao’s legal adviser, lawyer Brando Viernesto, told The Manila Times on Thursday he believes no legal problem will arise from Pacquiao’s signing with PSM.
“Sa tingin namin wala, siyempre sa opinion namin walang legal implications ‘yun. Kasi number one, ‘yung contract naman ni boss sa Paradigm is not only boxing but also several aspects or other businesses,” Viernesto said.
“The Senator will not compromise himself and Paradigm will not enter into a contract that will compromise them.”
Viernesto refused to elaborate on the details of the contract.
“May mga clauses kasi na non-exclusive pero hindi namin pwede elaborate ‘yung contract like in entertainment businesses, they are non-exclusive. Pagdating sa boxing may mga areas na hindi pwede i-breach ‘yung previous contracts pero whatever is the legal implications of that, it can be answered by Paradigm already, especially in the US,” Viernesto said.
Pacquiao’s two victorious fights in 2019 were under PBC — his unanimous decision win over Adrien Broner in January 19 in Las Vegas and his split decision victory over erstwhile undefeated Keith Thurman in July 20 also in Las Vegas.
Although there is no deal yet, fight fans are anticipating Pacquiao will be facing Ultimate Fighting Championship (UFC) superstar Conor McGregor.
The 41-year-old Pacquiao said he was willing to fight the Irish mixed martial arts (MMA) fighter only in a boxing match.
“Depende, ayun ‘yung sabi nila. As long as boxing ‘yung paguusapan, kasi hindi ako marunong mag-MMA at saka nagpa-practice naman siya ng boxing (It depends, that’s what they said. As long as it’s boxing, it’s okay. I don’t know MMA and he (McGregor) is practicing boxing,” said Pacquiao.
Pacquiao (62-7-2 win-loss-draw record with 39 knockouts) added that they are considering other boxers besides McGregor as his next foe among them Danny Garcia, Mikey Garcia and Errol Spence.
Pacquiao said his next fight would probably be in June or July this year.