MANILA, Philippines – Boxing promoter Bob Arum said he doesn’t foresee Manny Pacquiao fighting in US soil again if sales from the Asian market pick up.
With the massive Asian market on tap, Pacquiao can forget paying 40% of his income to US taxes, said Arum.
“By fighting outside the country, as he’s doing in this Rios fight, Manny doesn’t have to pay US taxes anymore – at a rate of 40% for a foreign athlete,” the Top Rank Inc. CEO told LA Times’ Lance Pugmire.
Pacquiao is scheduled to fight in Macau against young Mexican fighter Brandon “Bam Bam” Rios on November 24.
The bout is one of Arum’s ploys to lure the Asian market into the fight game.
The promoter has reportedly arranged a deal to allow the Chinese fans to watch Pacquiao versus Rios on their tablets or cellphones for $5 per view.
“If this pay-per-view and other things take off like we think they may, I can’t imagine Pacquiao will ever again fight in the US.”
“We could do as many as $10 million to $20 million in sales with this. It changes everything. Will it work? We’ll see in November.”
Aside from generating revenues from the Chinese pay-per-view market, the fight will also be aired live on US pay-per-view on Saturday night (November 23).