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Tyson's Wallet Goes Down for the Final Count
FoxNews online ^ | Tuesday, August 05, 2003 | Amy C. Sims

Posted on 08/05/2003 12:52:13 PM PDT by NotJustAnotherPrettyFace

Edited on 04/22/2004 12:36:55 AM PDT by Jim Robinson. [history]

NEW YORK

(Excerpt) Read more at foxnews.com ...


TOPICS: Culture/Society
KEYWORDS: bankruptcy; chapter11; deadbeat; earbiter; jailbird; knockedout; miketyson; rapist; spendthrift
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Somehow I don't feel sorry for this man in the least.
1 posted on 08/05/2003 12:52:15 PM PDT by NotJustAnotherPrettyFace
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To: NotJustAnotherPrettyFace
How does someone spend from riches to rags in two decades?? I can't see myself spending $300 milllion THAT fast.
2 posted on 08/05/2003 12:55:10 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: NotJustAnotherPrettyFace
Now the jeweler may be biting his tongue,

Snicker.

3 posted on 08/05/2003 12:56:10 PM PDT by biblewonk (Spose to be a Chrisssssssstian)
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To: NotJustAnotherPrettyFace
An idiot who needs a babysitter to keep him from self destructing. Having no babysitter since his first trainer, he self destructed.
4 posted on 08/05/2003 12:57:10 PM PDT by 1Old Pro
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To: NotJustAnotherPrettyFace
A fool and his money are soon parted.
5 posted on 08/05/2003 12:57:57 PM PDT by jpl
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To: NotJustAnotherPrettyFace
In 10 years, if he is still alive, he will be washing dishes in a diner somewhere.
6 posted on 08/05/2003 12:58:59 PM PDT by Bubba_Leroy
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To: NotJustAnotherPrettyFace
He's pretty stupid.
7 posted on 08/05/2003 12:59:32 PM PDT by TheSpottedOwl (You bring tar, I'll bring feathers....recall Davis in 03!!!)
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To: TheSpottedOwl
My guess is that he bombed math in school.
8 posted on 08/05/2003 1:02:01 PM PDT by NotJustAnotherPrettyFace
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To: NotJustAnotherPrettyFace
Tyson - the Bozo - must have had a sign tacked on his back that read "Take my money - please". He's apparently dumber than I thought he was - man, he's pretty close to winning dumb-@ss fool of the century award.
9 posted on 08/05/2003 1:06:08 PM PDT by familyofman
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To: NotJustAnotherPrettyFace
The fighter frittered away millions on bling bling, Bentleys and even Bengal tigers

what is that?

LVM

10 posted on 08/05/2003 1:11:25 PM PDT by LasVegasMac (two thirds majority means only the state SC will overturn the voters and make it a simple majority.)
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To: NotJustAnotherPrettyFace
Hey Mike,

Allah didn't bring you this far to let you down now!

He, he, he.
11 posted on 08/05/2003 1:14:09 PM PDT by hang 'em (If you aren't having fun yet it's time to lower your standards)
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To: NotJustAnotherPrettyFace
I have noticed that a celebrity can go through hundreds of millions of dollar in decadent waste and nothing is said about it, but just let a conservative propose a few hundred dollar tax cut and all Hades breaks loose.
12 posted on 08/05/2003 1:17:19 PM PDT by Paul Atreides
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To: NotJustAnotherPrettyFace
If they ever make the movie Brewster's Millions II, they will have the perfect actor in Tyson.

How do you piss away 300 million ???

13 posted on 08/05/2003 1:21:45 PM PDT by Centurion2000 (We are crushing our enemies, seeing him driven before us and hearing the lamentations of the liberal)
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To: NotJustAnotherPrettyFace
The former heavyweight champion amassed a $300 million fortune from his ring earnings

This is very misleading. A boxer walks away with probably 20% of the advertised purse. I heard an interview with Buster Douglas (someone who handled his money well) in which he describes seeing approximately $1.5 mill on a reported $10 million pay day. They gotta pay the ring men, the trainer, the promoter, the IRS, the bodyguards, etc. Any additional frivolous expenses can easily break them.

14 posted on 08/05/2003 1:25:03 PM PDT by Mr. Bird
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To: LasVegasMac
Bling bling is ghettoish for conspicuous consumption.
15 posted on 08/05/2003 1:28:15 PM PDT by wideawake (God bless our brave soldiers and their Commander in Chief)
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To: Mr. Bird
"This is very misleading. A boxer walks away with probably 20% of the advertised purse"

My understanding is that the 300 million was Tyson's cut from all his fights, meaning if you added all the purses won up it'd be around a billion. But I may be wrong....
16 posted on 08/05/2003 1:34:24 PM PDT by SirAllen
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To: wideawake
Shame on tyson. Glitz, jewels, limos, fake friends, etc., etc....where is it all now? Where are all his "hanger on friends now?" Are any of these friends bailing him out? I think not.

Sorry, can't feel sorry. There are too many people who would have loved to have had some of that money so they could budget and provide for their children, food, housing and charity. Nope, no way. The loss is his and it's a crime to spend and lose that kind of money in such a frivilous manner. It's downright sinful to make and lose that much by being so irresponsible.
17 posted on 08/05/2003 1:38:39 PM PDT by cubreporter
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To: SirAllen
Yikes! I doubt that only because there has been much talk about Tiger Woods becoming the first athlete with $1 billion in lifetime earnings (including endorsements, etc.) and he's a long way from it.

I figure Tyson's had maybe 15 high paying fights. The $300 mil has to be the high side.

18 posted on 08/05/2003 1:40:34 PM PDT by Mr. Bird
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To: goldstategop
How does someone spend from riches to rags in two decades?? I can't see myself spending $300 milllion THAT fast.

It's probably easy when you have Don King helping you.

19 posted on 08/05/2003 1:43:21 PM PDT by Tijeras_Slim (I get subtlety lessons from martin_fierro)
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To: goldstategop
This chump will end up like Joe Louis.
20 posted on 08/05/2003 1:54:33 PM PDT by ambrose
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