At age 40, Manny Pacquiao is not retiring. Even if you and some boxing pundits think he should. Tonight (Saturday) he fights Keith Thurman at the MGM Grand Garden Arena in Las Vegas and is expected to pull down about a cool $26 million for his trouble. If you’re getting paid like that, why retire exactly? He has said he wants to fight another five years or so.
After that, he’d like to buy part of an NBA team.
He said he has thought about buying a piece of an NBA team after he retires. Pacquiao, a basketball nut who uses the sport as part of his training, owns an entire semi-pro league — the Maharlika Pilipinas Basketball League — in the Philippines (one of the most basketball-crazy nations on earth). Pacquiao said he thinks his experience with that league would help him as an NBA owner, that some of the skills will translate, which is likely true. Pacquiao said it’s about finding the right opportunity.
Forbes estimates that Pacquiao will have earned, after Saturday’s fight, more than $500 million in his career. Various websites estimate his net worth in the $200 million range. He’s got the money to jump in as a part owner.
In an NBA that loves personalities and characters — and one always trying to gain more traction in Asian markets — don’t be shocked if this happens someday.
Once Pacquiao retires.