Analyst: Politics is Pacquiao's single biggest expense


Posted at May 16 2013 09:58 PM | Updated as of May 17 2013 05:58 AM

MANILA, Philippines – Manny Pacquiao may have been earning millions from his exploits inside the boxing ring, but a boxing analyst pointed out that the Filipino superstar also spent millions to finance his political endeavors.

Nigel Collins, former Ring Magazine editor-in-chief and now columnist, said Pacquiao’s political career is perhaps his biggest single expenditure.

“He spent an estimated $6.6 million on his successful 2010 campaign to become the congressional representative of the district of Sarangani,” Collins said in his column

Pacquiao may have spent considerably less for his re-election in the 2013 polls, but the fighting congressman has also invested on the political careers of his relatives.

“[His] wife Jinkee and brother Rogelio also ran for office, and it cost Pacquiao approximately $2 million to finance the campaigns,” the analyst said.

Jinkee was elected as Sarangani vice governor, while Rogelio lost the race for a congressional seat in South Cotabato.

Just recently, Pacquiao was named among the highest-paid international athletes. He was ranked sixth in Sports Illustrated's "International 20", which is a list of biggest earning non-American athletes in the world.

However, the Filipino boxer may have not been keeping track of all of his finances.

"After years of spending like there was no tomorrow, it appears that tomorrow has come and Manny is in need of cash. He still has a lot of upkeep on his properties and businesses, and many people are relying on him to further their political careers,” sports commentator Ted Lerner told Collins.

“Manny has a hard time saying no, and people everywhere still constantly besiege him for help."