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Economic crash sends Pacquiao flying back home

By Marc Anthony Reyes
Philippine Daily Inquirer
First Posted 04:08:00 09/22/2008

Filed Under: Pacquiao, Boxing

MANILA, Philippines—Manny Pacquiao abruptly returned to the country Sunday night, reportedly concerned about how the economic crash suffered by several banks and investment firms is affecting his multimillion-dollar savings and investments.

A Philboxing.com report said Pacquiao left his Wild Card training camp in Los Angeles after barely a week of training for his Dec. 6 mega-fight with Oscar De La Hoya at the MGM Grand in Las Vegas.

The hasty move caught former manager and now close adviser Rod Nazario by surprise. Nazario was one of the people who took Pacquiao to the airport on a Los Angeles flight last Sunday.

Bacolod Rep. Monico Puentevella, who is also very close to Pacquiao, said whatever the Filipino icon’s reason in coming back home “must be very important.”

Pacquiao reportedly wants to personally make sure that his money in the banks are secured and not adversely affected by the crisis that began in the United States but has been felt all over the world, including here.

Philboxing said that Pacquiao is to immediately fly back to the US to resume his training for the fight, which could earn him an estimated $23 million—the biggest ever in his career.

Close confidante Rex “Wakee” Salud was out of reach, while Pacquiao associate Jake Joson didn’t return calls made by the Philippine Daily Inquirer (parent company of INQUIRER.net).

Meanwhile, Nazario Sunday assailed the move of the World Boxing Council to sanction an interim championship elimination for the Filipino champ’s WBC lightweight crown.

“How can they do that when Manny hasn’t relinquished the title yet,” Nazario told the Inquirer.

Armando Santa Cruz of the United States will fight Antonio Pitalúa of Mexico Monday night in Monterrey, México, according to fightnews.com.

Nazario said the period a champion is allowed to defend a title is one year. Pacquiao wrested the crown from David Diaz on June 26.

“You sanction an interim championship if the champion is dead, sick or incapacitated,” said Nazario. “Pacquiao is still the WBC lightweight champion even if he loses to De La Hoya.”

Reports said the winner of Santa Cruz-Pitalúa fight will face WBC No. 1 contender Edwin Valero of Venezuela in the interim title fight in December.



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