Manny Pacquiao Bankrupt? Pacman Lists LA Mansion For Sale

Manny Pacquiao is rumored to be in debt and bankrupt as he has listed his Los Angeles mansion for sale.

Manny Pacquiao's LA Mansion (Youtube Screengrab, MTV)

Boxing promoter and a close friend of the pound-for-pound king, Wakee Salud, was asked regarding the issue by a local news reporter, Erwin Lirazan. According to Salud, Pacquiao has lost his money because he has been very generous. He said that the boxer could not say “no” to his kin and to those who would ask for help.

Roger “Haplas” Fernandez, Pacquiao’s top aide, argued that the two-storey house is being sold since it is being used only when Pacman visits the US which he rarely does as he is residing in his hometown in the Philippines, serving as a public official.

Pacquiao also set the record straight as he denied in a recent interview with Dyan Castillejo of ABS-CBN News that he is losing money.

The said Mediterranean-inspired house, which was featured on “MTV Cribs” in 2010, has 5 bedrooms, 6 baths, a gourmet kitchen with a built-in coffee bar, an indoor pool, a spa, a fire and waterfall feature. The property is more than 4000 square feet.

The property, which is over 4000 square feet, was bought by Pacman in 2009 for $2.17 million. He is reportedly selling this off now at $2.4 million.