Boxing: Financial responsibility in Eumir Marcial's mind as he weighs career future

ABS-CBN News

Posted at May 22 2020 12:00 AM

Decorated amateur boxer Eumir Marcial recently consulted a tax expert, as he contemplates moving to the professional ranks. 

Marcial, a silver medalist in the 2019 AIBA World Championships and 3-time SEA Games gold medalist, on Wednesday met former Government Service Insurance System president Atty. Clint Aranas, who is also an ex-deputy commissioner for legal affairs of the Bureau of Internal Revenue.

"Marami na po kasi ako nabalitaan, nabasa na mga stories ng mga professional boxing champions na sumikat, yumaman pero sa huli halos ubos ang pera nila. Madalas iisa ang dahilan, nagkaproblema sa taxes nila," Marcial said.

Marcial is being wooed by several boxing managers and promoters into signing as a pro, even as he waits for his chance to fight for a gold in the rescheduled 2021 Tokyo Olympics.

The Zamboanga City born fighter is being offered as much as P10 million just to sign the dotted line. 

Marcial said he hopes to take care of his money should he decide to join the pro ranks.
 
" 'Yun lang naman ang gusto ko iwasan at mapag-aralan kung paano ang taxation kapag nag-professional na ako. Habang maaga, maging pamilyar na ako para walang hassles sa mga obligasyon ko sa tax," he said.
 
Aranas is also chief of Philippine Archery, the sport's national governing body.

Marcial's planned move to turn pro has recently become a controversial issue as the Association of Boxing Alliance in the Philippines, the country's governing body of the sport, wanted him to concentrate on the Olympic Games.

But the International Olympic Committee (IOC) has made it clear that there is no impediment for Marcial should he decide to compete in the Olympics even as a professional boxer.

Marcial himself said he stays committed to pursue the Philippine's first Olympic gold.

"Tinitiyak ko sa lahat ng Pilipino, lalaban at lalaban ako sa Olympics," said Marcial. 

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