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“Money Doesn’t Solve All Problems”: After Manny Pacquiao Suffers $8 Million Loss Against Conor McGregor’s Agency, Son Opens Up About Coping With Depression

Published 05/21/2023, 2:48 PM EDT

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Manny Pacquiao faced a major financial setback as he lost almost $8 million against Paradigm Sports, the agency that’s associated with the UFC legend, Conor McGregor. Paradigm Sports revealed that the ‘PacMan’ had breached a contract with them, as they were all ready to set up a fight with Mikey Garcia. But the fight couldn’t happen, and as a result, Garcia left Paradigm Sports. So, McGregor’s agency was looking to redeem their damages and filed a lawsuit for approximately $20 million against the former 8-division boxing champion.

Later, they won the case on May 3rd, 2023 and Pacquiao got slammed with a $8 million legal loss. Now this was definitely a financial strain for the whole family, but there are things more important than money.

Pacquiao’s son Michael Pacquiao, in a recent interview, has come forward and stated that sometimes ‘money’ cannot solve every problem in a person’s life. He revealed the time when he was struggling through the depression, and all of his father’s money wasn’t of much help at that time.

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Manny Pacquiao’s son reveals how he coped with depression

Michael Pacquiao sat down for an interview with Julius Babao UNPLUGGED on May 11th, where they talked about a number of things and Michael touched on the topic of struggling with depression. Michael said, “Money doesn’t solve all problems“. Then he explained  how he was bullied and  how many of his friends used to make fun of his face and even his name.

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He shared that he never let anybody know about all of this, and just kept smiling. He was at that point in his life, where he even thought about self-harm, but then came to his senses as he thought about his parents.

They comforted me. My dad talked to me. We prayed, I felt nice, I felt better,” he said.

Manny Pacquiao could take care of this problem, as there was a time when he found himself in the same situation as his son.

Manny Pacquiao became spiritual following a dark phase in his life

In a 2021 interview with Toni Gonzaga Studio, Manny Pacquiao revealed that he struggled with his troubled past and always used to repent his actions. Eventually, he stated that it became so bad that he even felt like “ending his life” at that time.

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Pacquiao said, “I was alone in my room, and I was crying uncontrollably. I asked myself what should I do?” During this time, Pacquiao didn’t like himself and described himself as an alcoholic, a womanizer, and a gambling addict. But he came on the right path through his devotion to religion and found his peace.

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Pacquiao turned to Christianity in 2011, and since then he hasn’t looked back. He found his place in the world and also taught the same to his son when he was struggling with something similar. What are your thoughts about this situation? Tell us in the comments section.

Watch This Story: 5 Eye-Opening Facts About Manny Pacquiao

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Written by:

Chirag Radhyan

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Chirag Radhyan is a Boxing Writer at EssentiallySports. He has authored over 300 articles and loves to talk about the animosity between athletes, leading up to a fight. His coverage of the off-court drama between Jake Paul and Tommy Fury received widespread appreciation from readers.
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Edited by:

Arijit Saha