Wiz, if true this wouldn't surprise me much.
Just another chapter in a very, very sad story that will probably end with a .38 slug going through the roof of his mouth.
Tyson is and always has been a "dumbshit" who has been manipulated, stolen from & screwed over by so many people it isn't even funny.
Just another chapter in a very, very sad story that will probably end with a .38 slug going through the roof of his mouth.
Tyson is and always has been a "dumbshit" who has been manipulated, stolen from & screwed over by so many people it isn't even funny.
Mike Tyson has filed for bankruptcy in an attempt to "bring order" to his muddled finances. The former world heavyweight champion has earned an estimated $300M during his turbulent 18-year career but appears to have squandered it all.
"As a professional fighter who relied on others to manage his affairs, he discovered that his debts far exceeded his assets," confirmed his attorney Debra Grassgreen. "Now he has taken the lead in bringing order to his financial affairs."
Tyson earned around £15m alone for his world title fight against Lennox Lewis 14 months ago and was almost certainly the first fighter to pass the £100m mark in career earnings.
But he had hitherto taken a back seat in the management of his fortune and numerous costly lawsuits - some brought by him and others brought against him - have contributed substantially to his problems.
Earlier this year, for example, he agreed to pay his ex-wife, Monica, $6.5m from future earnings in a divorce settlement.
He also frittered away millions on mansions, cars, Bengal tigers and extravagant gifts for his entourage.
Aside from his financial difficulties, Tyson could also face a new jail term if convicted of assault after an incident in a hotel in Brooklyn, New York, in June. He has pleaded not guilty to the charges. - PA
http://sport.guardian.co.uk/boxing/story/0,10146,1011694,00.html
"As a professional fighter who relied on others to manage his affairs, he discovered that his debts far exceeded his assets," confirmed his attorney Debra Grassgreen. "Now he has taken the lead in bringing order to his financial affairs."
Tyson earned around £15m alone for his world title fight against Lennox Lewis 14 months ago and was almost certainly the first fighter to pass the £100m mark in career earnings.
But he had hitherto taken a back seat in the management of his fortune and numerous costly lawsuits - some brought by him and others brought against him - have contributed substantially to his problems.
Earlier this year, for example, he agreed to pay his ex-wife, Monica, $6.5m from future earnings in a divorce settlement.
He also frittered away millions on mansions, cars, Bengal tigers and extravagant gifts for his entourage.
Aside from his financial difficulties, Tyson could also face a new jail term if convicted of assault after an incident in a hotel in Brooklyn, New York, in June. He has pleaded not guilty to the charges. - PA
http://sport.guardian.co.uk/boxing/story/0,10146,1011694,00.html
In fairness to Tyson, he never made 300 million. He earned 300 million before everyone else got there hands on it. After taxes, promoters and Don King, Tyson was lucky to walk away with 100 million. DK is a ****ing crook. Great promoter, but he robbed Tyson blind in the early portion of his career. He does every fighter that way.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by TTinCO:
At least people are smart enough to realize that Don King screwed Tyson to an extent that we'll probably never know.
You still have to be a dumb ass to burn through $100 mil & end up going chapter 11.<HR></BLOCKQUOTE>
Oh yeah, I agree that Tyson is a dumbass for blowing through that kind of $$$. If I remember correctly I once saw that he bought a watch that cost $250,000
This guy obviously isn't real bright but I think he has had a lot of people take advantage of his dumbass throughout his career. Imagine how much $$$ he would have made without the stint in prison
At least people are smart enough to realize that Don King screwed Tyson to an extent that we'll probably never know.
You still have to be a dumb ass to burn through $100 mil & end up going chapter 11.<HR></BLOCKQUOTE>
Oh yeah, I agree that Tyson is a dumbass for blowing through that kind of $$$. If I remember correctly I once saw that he bought a watch that cost $250,000
