Pacman wins "TKO" vs Murad Muhammad: Agrees to pay RP idol undisc losed amount

noreply@blogspirit.com (Dave ACENAS) — Thu, 30 Jun 2005 18:05:00 +0800

“MANNY PACQUIAO has broken free from the legalstranglehold of US promoter Murad Muhammad after the American sought anout-of-court settlement early Tuesday afternoon (yesterday morning in Manila)and agreed to pay the Filipino boxing star an undisclosed amount in exchangefor dropping a $33 million lawsuit.” – From the wires

Although Pacquiao refused to divulge theamount of the settlement but it could be in the millions of dollars making himpartially recover what he believed were lost income due to demandingtransactions entered into by Muhammad without his knowledge.

"I won by technical knockout(TKO)," Pacquiao said yesterday upon his arrival in Los Angeles from NewYork where the trial was set.

The court ordered Muhammad, who heads thepromotional outfit M&M Sports in New Jersey, to pay the out-of-courtsettlement as well as the legal fees for Pacquiao’s battery of lawyers headedby Judd Burstein who signed in for a minimum $100,000 (R5.5 million) to takethe case.

"Deep in my heart, I knew that itwas going to be a tough fight," said Pacquiao in Filipino. "But I wasconfident that truth shall prevail. And it did."

Pacquiao said as soon he arrives inManila, he will meet with Rod Nazario, who he has accused of earning more thanwhat he should earn the past four years.

The Pacman discovered that Mr. Nazarioearned more than what he is supposed to earn. He found this out from thedocuments that are in the possession of his lawyers according to Pacquiao, whowas joined in the flight back to Los Angeles from the Big Apple by his wifeJinkee.

Pacquiao said they have 12 boxes ofevidence proving that Muhammad has been conspiring with Nazario the last fewyears in what his handlers termed as "sweetheart deals."

Nazario strongly denied the accusationwhen told about Pacquiao’s statements, saying he has enough evidence to proveotherwise.

"I am more than ready to presentdocuments proving that’s not true," said Nazario, who took under his wingsa young and raw Pacquiao in 1995 when the General Santos City native turnedprofessional

"As soon as he arrives he should seeme and I will show everything to him," Nazario said.

Muhammad, who acquired promotion rightson Pacquiao in mid-2001, the year the Filipino puncher debuted on Americansoil, wished his former fighter well in his future dealings.

"Life must go on and I wish himwell. May God be with him," said Muhammad.

Pacquiao was forced to file a lawsuitagainst Muhammad following his 12-round loss to Erik Morales last March 19 atthe MGM Grand in Las Vegas.

Pacquiao said Muhammad had beenshortchanging him by not divulging the exact amount of purse of his fightsagainst Agapito Sanchez, Jorge Julio, Emmanuel Lucero, Marco Antonio Barreraand Juan Manuel Marquez.

This is the moment for the Pacman to focus hiseffort for the next fight . . . surely it will be a hell of a TKO!

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Pacman wins "TKO" vs Murad Muhammad: Agrees to pay RP idol undisc losed amount