Nike is renewing its endorsement deal with Manny Pacquiao, while East West Bank is keeping its relationship with the boxing star solid as a rock, signs that the fighting congressman continues to shine despite his loss to Floyd Mayweather.
Pacquiao was scheduled to hook up with bigwigs of the two companies to formalize their partnership as he is scheduled to travel to Japan to attend to several concerns.
Pacquiao dropped a unanimous decision to Mayweather last May 2 at the MGM Grand in Las Vegas but the 36-year-old puncher, known all over the world for his never-say-die attitude in the ring, remains a hot commodity.
Terms of Pacquiao’s new pact with Nike were kept under wraps but it is safe to assume that the eight-division champion will not settle for crumbs as he is the world’s second richest athlete according to Forbes next to the unbeaten Mayweather.
Before fighting Mayweather, a fight that shattered pay-per-view records (4.5 million buys at $100), gate attendance receipts ($73 million) and sponsorships ($13 million), Pacquiao struck deals with Butterfinger and Foot Locker in the US.
From June 2014 to June 2015, Mayweather earned $300 million, while Pacquiao came in with $160 million.
With Pacquiao recovering from the right rotator cuff injury he sustained during the Mayweather fight that required an operation, it is expected that Pacquiao would assume the role of brand ambassador to a few more products.
Top Rank head Bob Arum is on the cusp of getting him a comeback fight possibly in February or March next year.