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 with interest due Espinosa for his world-title fight against Argentina’s Carlos Rios in Koronadal city, South Cotabato, in December 1997.
“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. Thus, the long delay entitles respondent to the payment of interest to compensate for the loss of income due to his unpaid earning.”
It was also stipulated in the contract that he should get $50,000, or one-third of his guaranteed purse, plus the $10,000 training expenses by Oct. 31, 1997. The Manila City Regional Trial Court Branch 173 first dismissed Espinosa's case, which was later reversed by the appellate court.
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