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Manny Pacquiao ordered to pay $5.1M (P282 million) for breach of contract with Paradigm

Published May 03, 2023 2:28 pm Updated May 03, 2023 3:43 pm

A United States jury has sided with Paradigm Sports Management in its lawsuit against its former talent and world boxing champion Manny Pacquiao.

The sports management firm filed a breach of contract lawsuit against Pacquiao in 2021 for appointing another promotional company, TGB Promotions, to arrange his August 2021 fight with Errol Spence.

To recall, the said match saw an injured Spence substituted with Yordenis Ugas to become Pacquiao's opponent in the latter's final professional fight.

According to a report by Los Angeles-based journalist Steve Angeles of ABS-CBN News, Pacquiao, on the other hand, argued that Paradigm failed to provide him with fights and endorsements, in addition to a $ 4-million advance.

Paradigm's legal representative Judd Bernstein said in a closing argument that Pacquiao made it difficult for the sports management firm to do its job since he allegedly hid his preexisting agreements with TGB Promotions, leading others to interfere with their attempts to arrange a match.

Consequently, Paradigm supposedly lost $22 million (P1.21 billion) in revenue on top of the aforementioned advance.

Ultimately, the jury voted 9-3 to award Paradigm $1.8 million (P99.56 million) in damages.

This amount is on top of its ruling that Pacquiao also return the $3.3-million (P182.61) advance that Paradigm gave him.

"It’s always nice to have justice done. Manny Pacquiao’s behavior in this case was disgraceful. As I said to the jury, he’s an extraordinary athlete, and he has an extraordinary story, but that doesn't mean he gets a pass on being a decent human being," Bernstein welcomed the jury's decision.