Mike Tyson is bankrupt?

[talkingcanes]

how can you squander $300 MILLION?? he is the King of the Dumba**es :roll:


NEW YORK (Aug. 3) - Mike Tyson has filed for Chapter 11 protection in U.S. Bankruptcy Court, claiming his finances are in disarray.

The former heavyweight champion has squandered nearly $300 million in ring earnings through lavish spending and bad advice. Tyson's handlers said in a news release on Friday that Tyson has taken control of himself and wants to resolve his financial problems.

They blamed his out-of-control spending habits and subsequent mounting debt on mismanagement by others.

``As a professional fighter, who relied on others to manage his affairs, he discovered that his debts far exceeded his assets,'' Tyson's attorney Debra Grassgreen said. ``Now, he has taken the lead in bringing order to his financial affairs.''

The fighter frittered away millions on mansions, Bentleys, jewelry, and even Bengal tigers while buying extravagant gifts for his entourage. Don King also took a huge chunk.

Tyson has a $100 million lawsuit pending against King that goes to trial in September. The suit claims King cheated Tyson out of millions after he got out of prison in 1995 and went back to fighting for the promoter.

Earlier this year, as part of a divorce settlement, Tyson agreed to pay his ex-wife, Monica, $6.5 million from future earnings.

Besides his financial problems, Tyson is also facing possible jail time again.

He pleaded innocent last month to misdemeanor assault, harassment and disorderly conduct charges for pummeling two men during a brawl at a Brooklyn hotel on June 21. Tyson's lawyers claimed his actions were justified because the two men allegedly menaced the boxer first by telling him they were armed. Prosecutors say the assault went too far.

Tyson, who served three years in prison for rape in the 1990s, faces up to a year if convicted of the latest charges.

08/03/03 00:02 EDT

[nccanes]

Wonder if he'll be as bankrupt as OJ is? :roll:

[Jeff O Rocks]

Have you guys seen that tatoo on his face?? Don't you know that hurt like a mofo having it done?? I guess it didn't hurt him, but a NORMAL person that doesn't bite ears off might have flinched a time or two!! :D

[Shell]

Wonder if he'll be as bankrupt as OJ is? :roll:

apparently more so since he now depends on drugdealers who feel bad for him :roll:

I'm a street bum, says broke Tyson
By Anne Campbell, Metro
28 June 2004
Boxing legend Mike Tyson has been sleeping in homeless shelters and living like a 'street bum' since declaring himself bankrupt.

The former heavyweight champion of the world, who once had more than £165million in the bank and regularly earned £5million per fight, also said he has been accepting handouts from drug dealers.

He added: 'For two years I have been a bum, truly a bum in the streets.

'I've got nowhere to live. I've been crashing with friends, literally sleeping in shelters. Unsavoury characters are giving me money and I'm taking it. I need it. The drug dealers, they sympathise with me. They see me as some sort of pathetic character.'

Tyson, who will be 38 on Wednesday, will fight British boxer Danny Williams on July 30 in an attempt to make some money.

But he is so deeply in debt that even the £7.6million to be paid to him by promoter Don King to settle a lawsuit will not lift him out of the red.

He said: 'When I had money I was an animal. I was so belligerent. I lost all across the board. My life has been a total waste.'

Tyson, who served three years in jail for rape in the 1990s and who bit off part of Evander Holyfield's ear during a 1997 fight, still thinks he can be heavyweight champion again.

He added: 'I know I was a tough, bad-ass talking fighter, but I ain't no mob figure. I did my time for the rape. I paid my money to Las Vegas. I paid my dues.

'I ain't the same person I was when I bit that guy's ear off.'

[Shell]

Wonder if he'll be as bankrupt as OJ is? :roll:

apparently more so since he now depends on drugdealers who feel bad for him :roll:

I'm a street bum, says broke Tyson
By Anne Campbell, Metro
28 June 2004
Boxing legend Mike Tyson has been sleeping in homeless shelters and living like a 'street bum' since declaring himself bankrupt.

The former heavyweight champion of the world, who once had more than £165million in the bank and regularly earned £5million per fight, also said he has been accepting handouts from drug dealers.

He added: 'For two years I have been a bum, truly a bum in the streets.

'I've got nowhere to live. I've been crashing with friends, literally sleeping in shelters. Unsavoury characters are giving me money and I'm taking it. I need it. The drug dealers, they sympathise with me. They see me as some sort of pathetic character.'

Tyson, who will be 38 on Wednesday, will fight British boxer Danny Williams on July 30 in an attempt to make some money.

But he is so deeply in debt that even the £7.6million to be paid to him by promoter Don King to settle a lawsuit will not lift him out of the red.

He said: 'When I had money I was an animal. I was so belligerent. I lost all across the board. My life has been a total waste.'

Tyson, who served three years in jail for rape in the 1990s and who bit off part of Evander Holyfield's ear during a 1997 fight, still thinks he can be heavyweight champion again.

He added: 'I know I was a tough, bad-ass talking fighter, but I ain't no mob figure. I did my time for the rape. I paid my money to Las Vegas. I paid my dues.

'I ain't the same person I was when I bit that guy's ear off.'

[Shell]

Wonder if he'll be as bankrupt as OJ is? :roll:

apparently more so since he now depends on drugdealers who feel bad for him :roll:

I'm a street bum, says broke Tyson
By Anne Campbell, Metro
28 June 2004
Boxing legend Mike Tyson has been sleeping in homeless shelters and living like a 'street bum' since declaring himself bankrupt.

The former heavyweight champion of the world, who once had more than £165million in the bank and regularly earned £5million per fight, also said he has been accepting handouts from drug dealers.

He added: 'For two years I have been a bum, truly a bum in the streets.

'I've got nowhere to live. I've been crashing with friends, literally sleeping in shelters. Unsavoury characters are giving me money and I'm taking it. I need it. The drug dealers, they sympathise with me. They see me as some sort of pathetic character.'

Tyson, who will be 38 on Wednesday, will fight British boxer Danny Williams on July 30 in an attempt to make some money.

But he is so deeply in debt that even the £7.6million to be paid to him by promoter Don King to settle a lawsuit will not lift him out of the red.

He said: 'When I had money I was an animal. I was so belligerent. I lost all across the board. My life has been a total waste.'

Tyson, who served three years in jail for rape in the 1990s and who bit off part of Evander Holyfield's ear during a 1997 fight, still thinks he can be heavyweight champion again.

He added: 'I know I was a tough, bad-ass talking fighter, but I ain't no mob figure. I did my time for the rape. I paid my money to Las Vegas. I paid my dues.

'I ain't the same person I was when I bit that guy's ear off.'

[Mona]

how can you squander $300 MILLION?? he is the King of the Dumba**es :roll:




I so agree!!! :crazy:

[Mona]

how can you squander $300 MILLION?? he is the King of the Dumba**es :roll:




I so agree!!! :crazy:

[Mona]

how can you squander $300 MILLION?? he is the King of the Dumba**es :roll:




I so agree!!! :crazy:

[puckin_A]

I could sqaunder $300 million but who would want to??!! sheesh....invest some of that !!..........

[puckin_A]

I could sqaunder $300 million but who would want to??!! sheesh....invest some of that !!..........