Pacquiao fires VisionQwest: report

ABS-CBN News

Posted at Aug 22 2011 08:46 AM | Updated as of Aug 23 2011 10:45 PM

MANILA, Philippines – Manny Pacquiao has fired management company VisionQwest, which has been looking through the boxing champ's financial records, a report said.

VisionQwest chief executive officer Michael Lodge confirmed in an e-mail that Pacquiao has terminated their services, reported 8countnews.com.

He expressed concerns that "there are agendas that are not healthy for our client."

"It is true. Our office just received a letter via fax from Manny's attorney in Los Angeles. We have forwarded the letter to our legal counsel to respond accordingly," Lodge said, as quoted by 8countnews.com.

"As you know there has been a lot of pressure upon Manny from outside sources to remove us from his accounting team. Our firm will deal with this issue in a legal manner.

"We are in the Philippines meeting with our counterparts in legal and accounting prior to meeting with Manny."

Pacquiao had hired VisionQwest to handle accounting, personal and business tax, audits and examinations and contract reviews, according to a press release from Pacquiao's official website, www.mp8.ph.