Manny Pacquiao $loses $5.1 million to Paradigm Sports

The boxing icon Pacquiao will pay over $8 million after losing the lawsuit in court to Paradigm Sports

Manny Pacquiao loses $5.1 million to Paradigm Sports over a breach of contract lawsuit filed against the boxing icon.

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The jury in Orange County, Superior Court of California, sided with the management team, awarded $5.1 million to Paradigm Sports as well as at least $2 million in attorney fees that have to be paid.

In all, the Filipino boxing legend will pay over $8 million after losing the lawsuit in court.

What happened?

Paradigm Sports filed the lawsuit in 2021 against Pacquiao, alleged that this agency was negotiating for the 44-year-old to meet meet four-division boxing champion Mikey Garcia in a match.

Pacquiao lost cases with Paradigm
Pacquiao lost cases with Paradigm

However, the fight did not fall through as Pacquiao’s longtime advisor Sean Gibbons and Winchell Campos allegedly interfered.

This ended up breaking the initial deal and put the boxer working with Al Haymon’s Premier Boxing Champions instead while signing for a fight against Errol Spence.

Audie Attar, Paradigm’s manager, was annoyed over the fact that they lost Mikey Garcia as client in the process.

The situation has hit Paradigm Sports financially but also in terms of its reputation, which led to the lawsuit being filed.

Pacquiao, who lost the legal battle for breaching of contract, now had to deal with the repayment of $3.3 million that Paradigm made to the veteran boxer as an advance after signing him to the management firm with another $1.8 million levied against him as damages.

Paradigm CEO Audie Attar said in a statement:

“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.”

What’s next for Pacquiao

Pacqiao, 44, is ordered to pay $5.1 million to Paradigm and is also responsible for at least $2 million in attorney fees.

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