Before Manny Pacquiao rose to fame, Luisito Espinosa is one of the most treasured Filipino athletes who represented our country on the world stage.

In a decision dated Nov. 13, 2019, and made public Friday, the Supreme Court ordered the heirs of late boxing promoter Rod Nazario to pay $130,349 (P6.6 million) with interest due Espinosa for his world-title fight against Argentina’s Carlos Rios in Koronadal city, South Cotabato, in December 1997. After 21 years of a boxing career, Luisito Espinosa failed to save enough for his daily living expenses.

Born in the town of Bogo, Cebu, Elorde fought his way out of poverty.

The Court of Appeals has ordered the family of a former Supreme Court Justice to pay former world boxing champion Luisito Espinosa US$130,349.00 which represents the balance of his prize money for winning the World Boxing Council Featherweight title in 1997.In a 29-page decision promulgated on May 26, 2015 but made public Monday, the appeals court second division through Associate Justice Ramon Cruz reversed the decision of the Manila Regional Trial Court Branch 173 that dismissed Espinosa’s bid to collect the sum of money with damages against Rodolfo Nazario, husband of retired Supreme Court Associate Justice Minita Chico-Nazario, former South Cotabato Governor Hilario de Pedro III and Joselito Mondejar. They also agreed to pay Espinosa and Koizumi an advance of $50,000 and the $10,000 training expenses.
By continuing, you are agreeing to our use of cookies. They filed a motion for reconsideration but this was denied by the court. It would be unfair and impractical to let this case go on for another number of years…We dismiss the case against defendant-appellee Governor de Pedro III for failure to prosecute…,” it added.Concurring with the ruling were Remedios Salazar-Fernando and Marlene Gonzales-Sison. Espinosa was entitled to a purse of US$130,349.00. Martial Arts: Boxing / Muay Thai. The scheduled fight pushed through and the respondent has not been given his prize money too long to be ignored,” the Supreme Court said.“From the time of their agreement on Oct. 16, 1997 to the present, it has already been 22 years but respondent has not received the full amount of the prize due to him. To find out more, The former world boxing champion went bankrupt after his boxing manager pocketed most of his pot money.

During the eve of the fight, the balance remained unpaid, prompting the promoters to execute a letter of guarantee to pay the $130,349 balance.The fight pushed through on Dec. 6, 1997, which saw Espinosa knocking out Rios. But before the scheduled fight, the promoters paid $29,651 advance instead of the $60,000 that was agreed upon.On the day of the actual fight, all parties executed a letter of guarantee which promised the payment of the balance of $130,349 on or before Dec. 16, 1997.

Brother of famous World Champion Boxer Luisito Espinosa



Boxer Luisito Espinosa wins SC case, to get more than P6.5 M - Manila Bulletin

Despite repeated demands, however, he was not paid, which led him to file a complaint against promoters Rodolfo Nazario and Joselito Mondejar, and South Cotabato Governor Hilario de Pedro III.The Manila City Regional Trial Court Branch 173 first dismissed Espinosa's case, which was later reversed by the appellate court.The Court of Appeals ruled that the stipulations in the documentary evidence submitted by respondent bound Rodolfo, who died in 2009, as guarantor to pay the purse.The case against Mondejar was dismissed after the court established he was not a signatory in the agreement and letter of guarantee.

The Supreme Court (SC) has ordered the family of late boxing promoter Rodolfo Nazario to pay the over US$ 130,000 (more than PHP 6,500,000) that he owes to boxer Luisito Espinosa. 1st Filipino Featherweight Champion in the World Boxing Council (WBC, 1995) QUOTE “All I want is to collect my winnings, come home to the Philippines, and be with my children so I can take care of them.” ALIAS "Golden Boy" "Lindol" "Louie" DATE OF BIRTH June 26, 1967. It is news former world champion boxer Luisito Espinosa has long waited to hear. He ended his career in the year 2005. Don't miss out on the latest news and information. I hope Manny holds onto his good fortune long after his boxing days are over. In fact, the agreement specifically referred to defendant-appellee Nazario as the local promoter and his obligation as such was clearly set forth in the said agreement,” the appeals court explained.As for Mondejar, the appeals court said it was established that he was not a signatory in the contract and the letter of guarantee, thus, warranting the dismissal of the case against him.On the other hand, the court said Espinosa’s camp failed to pursue the case against de Pedro despite the latter’s failure to file his answer to the complaint after his motion to dismiss was denied by the RTC.“The complaint was filed by the plaintiffs in 1997, and it has been 18 years for the case to reach this point. Luisito Espinosa AKA Luisito Pio Espinosa. But after the fight and despite demands, no payment was made.Then, Espinosa and Koizumi filed a complaint before the Manila Regional Trial Court who ruled in favor of the promoters. He is Luisito Espinosa, who won the World Boxing Council featherweight championship match held at Koronadal, South Cotabato on Dec. 6, 1997. The three were the promoters and organizers of Espinosa’s fight.The appeals court said since Nazario already died, his legal heirs Minita and their children Roderick Nazario, Rommelious Nazario and Karen Patricia Nazario-Bouzaid are ordered to pay Espinosa the amount of $130,349 plus 12 percent interest rate per annum which will be counted from the date of judicial demand on May 25, 1998 until June 30, 2013 and interest at the rate of six percent from July 1, 2013 until full satisfaction.In 1997, Espinosa, together with his manager Joe Koizumi entered into a contract with Nazario and the two others for a title match against Carlos Rios of Argentina to be held in South Cotabato.Under the contract, the promoters shall pay Koizumi and Espinosa the guaranteed purse of $150,000 and training expenses of US$10,000. We use cookies to ensure you get the best experience on our website.


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