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    Pacquiao camp denies bankruptcy claim as confidante Salud hints at libel case

    Aug 22, 2013

    THE camp of Manny Pacquiao was quick to deny reports claiming he has gone bankrupt, insisting the boxing hero remains in control of billions worth of assets amassed from years as one of the world's highest-earning athletes.

    Pacquiao’s chief of staff, Haplas Fernandez, slammed the story as "preposterous" while his mother, Mommy Dionesia, pointed to the former pound-for-pound king's numerous assets and businesses to disprove the claim made by a Cebu daily on Thursday.

    Even the supposed source of the story, longtime Pacquiao confidante Rex 'Wakee' Salud, denied he ever said the Filipino hero has gone bankrupt as he hinted at a libel case against the daily.

    “Wala akong sinabi na ganun. Pinalaki lang nung writer,” an irked Salud said when reached by Spin.ph. “Ang sabi ko lang … baka medyo gipit. Kasi isang taon nang walang laban, nanibago yung lifestyle. Pero hindi ko sinabi na bangkarote na.”

    Salud denied telling the daily that Pacquiao has totally lost all of his money due to his well-known generosity, lavish lifestyle, and campaign expenses in polls involving not only him but wife Jinkee and a brother.

    Fernandez said the bankruptcy rumors were most likely fanned by news that the Pacquiaos have put their Los Angeles house for sale for US$2.7 million.

    But he insisted: “Siguro ibinase nila yun sa ibinebentang bahay ni Boss sa LA. Kalokohan yan. Walang basehan yan. Ibinebenta yun kasi wala namang nakatira. Sayang lang. Ang mahal-mahal pa ng tax.

    “Nagbenta lang ng property bankrupt na?”

    Continue reading below ↓

    Fernandez bared that Pacquiao is very much in control of his prime estates in Manila including a mansion in the posh village of Forbes Park.

    The Pacman also owns two more mansions in Paranaque, which according to Fernandez are also rarely used, and another in Binan, Laguna near Brent International School which his kids attend.

    “Si Boss Manny talagang tulong lang ang nasa isip niya. Ang problema sa ibang tao, tumutulong na nga minamasama pa. Bahala na sila,” added the younger brother of Pacquiao assistant trainer Buboy Fernandez.

    His mother, Dionisia, claimed the two-term congressman recently transformed a two-hectare property in Sarangani into a low cost housing project which he gave away to poor families there.

    “Ganun kabait sa kapwa ang anak ko. Kaya kung naubos man yung pera niya, talagang itinutulong niya. Hindi naman niya sinusugal. Mapagbigay siya talaga,” she said.

    “Pero hindi ko naman nakikita na bankrupt siya. Kasi andami pa niyang tauhan na pinapa-sweldo. Kung wala na siyang pera, wala na yung mga yun,” she added.

    Mommy Dionisia even bared that his son maintains numerous businesses in Mindanao, Manila and even in the US.

    “Merun siyang hotel dito sa Gensan, may maliit na mall, may beach resort siya sa Sarangani. Hindi man siya bangkarote,” stressed the popular mom.

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