Manny Pacquiao Ordered To Pay Over $5 Million For Breach Of Contract
Manny Pacquiao has been ordered to pay $5.1 million to Paradigm Sports.
According to reports, the eight-division-world champion was initially ordered to pay over $8 million for a breach of contract.
In 2020, Pacquiao signed with Paradigm over a possible Mikey Garcia fight. However, Pacquiao eventually chose to work with TGB Promotions and signed to fight Errol Spence Jr.
Unfortunately, the fight did not materialize, and ‘Pacman’ faced Yordenis Ugas. Thereafter, a lawsuit was filed, which has now been ruled in favor of Paradigm Sports.
“We are elated to learn of the jury’s ruling in Paradigm’s favor in our suit against Manny Pacquiao. The jury plainly found that Pacquiao testified falsely in denying Paradigm’s claims against him, and his excuses for his conduct proves our case that a breach of contract was committed.
“We are appreciative of the court’s time and the jury’s careful attention to the facts of this case. Hopefully, Manny will have learned a lesson from the verdict and will henceforth act with the honesty and integrity that was so lacking in his treatment of Paradigm,” Audie Attar, Paradigm Sports CEO
It is not clear if the filing will have any impact on Pacquiao’s rumored return from retirement, but one thing for sure is that the focus can now return to boxing.