Gen Prawit orders help for boxing hero Somrak facing bankruptcy  

 

 

He was once one of Thailand’s most celebrated boxing heroes and, undoubtedly, one of the richest as well.  But 22 years after clinching the first boxing gold medal in the Olympic Games that brought him both fame and wealth, Somrak Kamgsinh is now sinking in a pool of debts and is on the verge of bankruptcy.

 

Somrak definitely is needing all the help he can get to get through his biggest life crisis. And it was Deputy Prime Minister Gen Prawit Wongsuwan who had to step in to offer a helping hand – not as a powerful figure in the ruling military junta, but as president of the Thai Olympic Committee.

 

A well-informed source close to Gen Prawit said the deputy prime minister regards Somrak as a national sports hero who had brought fame to the country and deserves to be helped when in troubles.

 

Full story: https://www.thaipbsworld.com/gen-prawit-orders-help-for-boxing-hero-somrak-facing-bankruptcy/

 

-- © Copyright Thai PBS 2018-09-28

If little Fatty so worried why he not sell a couple of watches to help out friend, Oops! sorry he gave those back to (deceased) friend

Has he sold the gold medal?

"powerful figure in the ruling military junta, but as president of the Thai Olympic Committee."  Nice job if you can get it, as the old song goes.

31 minutes ago, MaxYakov said:

Has he sold the gold medal?

I somehow doubt he was allowed to keep control of that!

8 minutes ago, Somtamnication said:

"powerful figure in the ruling military junta, but as president of the Thai Olympic Committee."  Nice job if you can get it, as the old song goes.

Good to see one fine athlete reaching out to another in trouble though isn't it?

37 minutes ago, MaxYakov said:

Has he sold the gold medal?

He gave the Medal to the King....

38 minutes ago, MaxYakov said:

Has he sold the gold medal?

IIRC he donated it to King Bhumibol.

The problem with this is that it happens too often everywhere around the world.  

 

Look at the US and UK and you will see it.  

 

While some make good money and are big stars others seek out an existence and once they can no longer fight have trouble.  

Word is that the Philippine senator wants a fight with Mayfield not for the honour of a rematch but because he is almost bankrupt also.

It seems like nearly everyone in this country is good at putting their hand out and expecting someone else to pay for their mistakes. Whatever happened to everyone is in charge of their own destiny. I have been through some hard times in my life (as many other people) and no one has ever helped me and I have never asked anyone for help. It is a pity that more people tried to live the same way.!!!

46 minutes ago, kingstonkid said:

The problem with this is that it happens too often everywhere around the world.  

 

Look at the US and UK and you will see it.  

 

While some make good money and are big stars others seek out an existence and once they can no longer fight have trouble.  

Word is that the Philippine senator wants a fight with Mayfield not for the honour of a rematch but because he is almost bankrupt also.

All these blokes seem to have an entorage(spelling) of twenty or thirty people all after a share of the cake.once it's gone they disappear.

So the Watchman is on the Olympic Committee as well as the 49 others he 'serves' on.

2 hours ago, MaxYakov said:

Has he sold the gold medal?

 

As is tradition, he gave his medal to the king.

 

I remember when he won that medal, and all the attached fanfare when he returned home.

 

The media published lots of detail of the money he was showered with, several million Baht and ongoing also published details of who was minding / managing his money and even details of requests from clingers and folks who he had never seen before.

 

End result, within a few years he was declared bankrupt with massive debts.

 

So why is it now claimed he's close to bankruptcy?

 

Was his first bankruptcy cleared and he's now in debt second time round?

 

 

 

Let this be a lesson for those who are thrust into the public gaze. The light from the limelight fades if you do not do something positive.

2 minutes ago, Chang_paarp said:

Let this be a lesson for those who are thrust into the public gaze. The light from the limelight fades if you do not do something positive.

 

And if you allow your personal information, especially finances. to be published and if you allow others to 'manage' your finances.

He never became a professional boxer?  

One of Prawit's many nephews, no doubt. Like everything else that bears even the most tenuous link to Porky's name, it stinks to high heaven.

18 minutes ago, Ossy said:

One of Prawit's many nephews, no doubt. Like everything else that bears even the most tenuous link to Porky's name, it stinks to high heaven.

 

So please share the details of how he is prawit's nephew.

Should not be helped, it's old people, the disabled and School kids who deserve a proper education that need help, not somebody who had it all them wasted it.

Edited September 28, 20187 yr by Orton Rd

37 minutes ago, scorecard said:

56 minutes ago, Ossy said:

One of Prawit's many nephews, no doubt. Like everything else that bears even the most tenuous link to Porky's name, it stinks to high heaven.

 

So please share the details of how he is prawit's nephew.

Jeez, Scorecard! Switch you sense-of-humour on for heaven's sake and be alert to the tongue-in-cheek nature of most posts. 'No doubt' is more than a hint that the 'many nephews' remark was said in jest, tongue-in-cheek and good-humouredly . . . but no doubt you were too deeply into your . . . muesli.

1 hour ago, Chang_paarp said:

Let this be a lesson for those who are thrust into the public gaze. The light from the limelight fades if you do not do something positive.

Article says he had a business that isn't doing to well. He's tried to do something positive I suppose but it just hasn't worked out. 

Does he not work for a living - say in a gym? Surely his expertise would benefit young Thai boxers in becoming future Olympic champions.

3 hours ago, Father Fintan Stack said:

Plenty of vacancies at McThai mate. Time to work for a living and maybe you'll learn how to manage your money properly this time around. 

" Somrak who is currently a captain in the Royal Thai Navy "

 

Sounds like he already has a day job.

So an other self inflicted Problem, Living the Hi So Life and Blowing away his Money. No one bails me out if I can't pay my debts ,,,,why should He be ,,,,

I am a journalist and interviewed him about 12 years ago. I met him at his Bangkok gym (which he owned) and he was in a military uniform because the Navy had given him a job. Presumably, so they could win inter-departmental friendly boxing/Muay Thai competitions. Or just for the kudos. He was a really nice and very relaxed guy. Obviously, being good at something doesn't necessarily mean you are good with cash.

3 minutes ago, digger70 said:

So an other self inflicted Problem, Living the Hi So Life and Blowing away his Money. No one bails me out if I can't pay my debts ,,,,why should He be ,,,,

 

 

He seems to be handling everything pretty well and  certainly isn't whinging about his state of affairs.

 

"Somrak, as boastful as he has always been, declared that he would be able to handle the debts problem himself and would not need help from others.

“I have been getting offers of help but have turned them down because I don’t want to burden other people with my problem,” said Somrak who is currently a captain in the Royal Thai Navy."

 

He might have been a good boxer but it seems he has a financial glass jaw.

As Justice Minister The Toad should pay the usual required fee to the Police Chief to allow him to become a policeman.

2 hours ago, Burma Bill said:

Does he not work for a living - say in a gym? Surely his expertise would benefit young Thai boxers in becoming future Olympic champions.

That would mean going to work, voluntarily . . . nahh!

Teach him how to fish is the standard response.

7 hours ago, MaxYakov said:

Has he sold the gold medal?

Yeah.. I bet all the family silvers gone too !!!!

Sorry no sympathy for him.. I bet during his golden years he had lots of family & friends to support..

let them now help him when all the wealth has been blown !!