Pacquiao, wife deny bankruptcy report

Filipino boxing icon and Sarangani Rep. Manny Pacquiao on Friday denied a newspaper report that he is going bankrupt, saying he has not talked with the source of information in a long time.

"Hindi kami nagkwentuhan. Hindi ko na nga nakakausap 'yun," said

Pacquiao in a report on GMA News' “24 Oras,” referring to boxing promoter Rex “Wakee” Salud.

Salud has been quoted in a report by Sun Star Daily in Cebu as saying that Pacquiao “has lost all his money.”

But Salud, in the “24 Oras” report, said he was misquoted.

"Wala akong naalala na may sinabi akong naubos na ang pera ni Manny,” Salud said. “Nagtataka nga ako bakit may lumalabas na sinabi ko raw naubos na."

According to Salud, it started when the Sun Star reporter asked him whether or not Pacquiao is selling his Los Angeles mansion because of bankruptcy.

"Hindi ako nagkomento,” Salud said. “'Eh bakit kailangang ibenta ni Manny, ubos na siguro pera niya?' Ang sabi ko lang, medyo nagipit siguro. 'Yan lang ang sinabi ko sa kanya."

Pacquiao's wife, Sarangani vice governor Jinkee Pacquiao, confirmed the sale of their Los Angeles mansion for $2.7 million, but mainly because they wanted to buy a more private residence.



"Every time pumupunta kami dun, 'yung mga kapitbahay namin, nagrereklamo kasi daw maraming tao... So ngayon, gusto namin ibenta para maghanap kami ng gated at may security," she said in a separate report on GMA News TV's “Balita Pilipinas Ngayon.”

Jinkee, meanwhile, denied selling their P380-million house in posh Forbes Park.

"Sabi ko nga kagabi, 'yung reply ko sa tauhan ko na nag-text sa 'kin, 'Thats funny!'" Jinkee said, referring to the bankruptcy report.

Pacquiao, who is set to fight American slugger Brandon Rios in November, said they are targeting a property in posh Beverly Hills. — Marc Jayson Cayabyab/KBK, GMA News

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