Mike Tyson is BROKE???

[Pacfanweb]

I knew the guy was a complete dumbass, but this is ridiculous.

Tyson files for bankruptcy

 

[PlatinumGold]

Originally posted by: Pacfanweb
I knew the guy was a complete dumbass, but this is ridiculous.

Tyson files for bankruptcy

comon, everyone knows Don King stole all his money.

 

[wfbberzerker]

how could you spend $300 million? i mean, the guy in brewster's millions barely could spend $30 mil.

 

[boyRacer]

Wow...

 

[Pacfanweb]

Originally posted by: PlatinumGold

Originally posted by: Pacfanweb
I knew the guy was a complete dumbass, but this is ridiculous.

Tyson files for bankruptcy

comon, everyone knows Don King stole all his money.

Actually, the article says that's where some of it went.

 

[freebee]

Its merely redistribution of income.....the best form of capitalism. People like him help the economy grow by purchasing large amounts of capital goods, encouraging production, manufacturing and also the service industries.

 

[HappyPuppy]

Who cares? I hope he dies of starvation in a Dempsey Dumpster. It's more than he deserves.

 

[ThePresence]

He has the intelligence of a 12 year old. He probably blew 300 mil on a bunch of Oreos or somethin'.

 

[0roo0roo]

from what i read, his burn rate was incredible. michael jackson style burn rate you know.

 

[SludgeFactory]

Oh yes, the burn rate was amazing. I remember reading about this last year. (Pigeon expenses in bold, that was one of my favorites in the list)

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How does one spend so much money so fast? According to a detailed summary prepared for the boxer by his former accountant, Mohammed Khan, Tyson went through nearly $8 million in "cash and personal expenses" -- accounting jargon for "walking-around" money. The average monthly outlay came to $236,184 per month, or close to $8,000 per day.

Those daily expenditures do not include monthly tabs of $94,555 for jewelry and clothing, $18,145 on travel expenses.

Various automobiles and motorcycles cost the fighter $4.5 million, plus $1.7 million in insurance and maintenance. In addition to his own fleet of vehicles, he purchased 17 cars as gifts, giving 15 of them to a collection of women.

The boxer's three houses and two apartments cost him more than $18 million. He spent nearly $1 million in lawn care alone during these 33 months. The records also show that Tyson spent $5.7 million on yet another house; according to documents prepared by one of his accountants, John Evans, the house was for a girlfriend.

Tyson's expenses also include settlements of $1.7 million in liability cases. Most of that sum went to Desiree Washington, the young woman he was convicted of raping in Indianapolis during the 1991 Miss Black America pageant. And the records show that during this period he made a one-time payment of $4 million for a son named Amir and paid another $228,321 in child support.

Meanwhile, in 1996, he gave himself a birthday party for $410,822. He lavished another $411,777 on his pigeons and cats. Yet another $239,552 went to pagers and cell phones ($7,259 a month).

 

[0roo0roo]

200k for cellphones is almost unconcievable for mere mortals like me i guess his phones are crusted with jewels and single use

 

[Red]

Yet another uneducated athlete who is given more money than for fighting for a couple minutes than people who work their ass off everyday to barely pay the bills. Great!

 

[Sepen]

I am surpised it took this long. He is a retard plain and simple. Hope he has to live in a one bedroom apartment and drive a 86 Impala. I have no sympathy for the idiot.

 

[geno]

there's one payout for which he can be saluted. That's the $13,000 he paid for the monthly home care of 96-year-old Camille Ewald, the longtime partner of late boxing trainer Cus D'Amato. Though not related, Tyson has referred to Ewald, who died last year, as his mother. (1 page)

Well, at least there's some bit of good left in old Iron Mike

 

[her209]

Its a publicity stunt.

 

[CurtisBilly]

Ironically, Mike Tyson turned up at the same club I was at last night in Scottsdale, AZ. My buddy ran up to me and said we had to go the dance floor because Mike Tyson was there. Sure enough, there he was with facial tattoo and all.

 

[Tripleshot]

He needs to show justifacation that will be reviewed quite well before he is granted a bankruptcy.

Publicity stunt? What kind of effect do you think he is elicitating? He sure as hell isn't a sympathy monger.:Q

 

[SarcasticDwarf]

when the hell is someone going to get around to killing tyson???

 

[SarcasticDwarf]

Originally posted by: CurtisBilly
Ironically, Mike Tyson turned up at the same club I was at last night in Scottsdale, AZ. My buddy ran up to me and said we had to go the dance floor because Mike Tyson was there. Sure enough, there he was with facial tattoo and all.

you in scottsdale? You ARE comming to the LAN party, right?!

 

[clamum]

LOL

He is one dumb guy... I think he's had a few too many shots to the head in the ring.

 

[JImmyK]

none of this matters, doesnt change a thing, Tyson could live in a cardboard box and he would still be the same no better no worse. Thats how he is money or no money, jail or mansion hes always the same Tyson.

Dont wish ill on other people, what comes around goes around simple as that.

 

[cressida]

I guess no more fighting.

 

[Pacfanweb]

Originally posted by: Synergy
I guess no more fighting.

He's got to fight now. And hopefully start saving some of the prize money.

 

[IGBT]

Whats the old saying about a fool and his money??

 

[Kev]

sometimes i go norf, and sometimes i go souf