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Old 08-03-2003, 05:30 PM   #1 (permalink)
feeling tingly
 
Ty$on

Iron Mike Tyson has filed for Chapter 11 bankruptcy protection after losing most of his roughly $300 million in earnings. Through lavish spending, a couple of divorces, numerous lawsuits and the normal Don King "now you see it, now you don't" financial planning, Tyson is in need of some assistance.

Tyson's new management claims that the former champ is trying to get control of his life.

So...What does Mike do now that he's getting control of his life?

Will he continue fighting, although his days of being a serious threat are long behind him??

Will he try to find another way to earn money? (Whatever that could be!!!!)

Or, is he still on track to a tragic ending to a short, eventful life???
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Old 08-03-2003, 05:40 PM   #2 (permalink)
Banned
 
Location: New york
he is a loser now...washed up...
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Old 08-03-2003, 06:51 PM   #3 (permalink)
Junkie
 
I think he will have a couple more decent pay day fights. However, "he still on track to a tragic ending to a short, eventful life"
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Old 08-03-2003, 07:56 PM   #4 (permalink)
Please touch this.
 
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I think he should start at step 1... santa claus in the mall
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Old 08-04-2003, 02:22 AM   #5 (permalink)
Insane
 
Location: Australia
He is a very strange man. Santa just may suit him to Halx
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Old 08-04-2003, 04:36 AM   #6 (permalink)
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Location: Inside my camera
simple, get an agent and publish a book. With a life like that...that's a lot of money to be made.
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Old 08-04-2003, 10:31 AM   #7 (permalink)
Crazy
 
HA HA HA HA HA....hopefully we'll just see him fade away
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Old 08-04-2003, 12:56 PM   #8 (permalink)
Psycho
 
Location: somewhere....
The smart thing is obviously bankruptcy, then take the couple decent paydays he can still get on undercards, then live a normal life on your earnings. But when has he ever done the smart thing....
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Old 08-04-2003, 01:23 PM   #9 (permalink)
It's all downhill from here
 
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Location: Denver
Yes it's easy to bash him 'cause he's an idiot, but wtf do you expect from someone who never had parents or any type of schooling or anyone to help him grow up when he was just a little kid.

Of course he's fucked up. He was a homeless street thug who immediately became a millionare and was surrounded by vultures. He was completely taken advantage of his entire life and now he hates everyone. And he should.

Tyson is a genuine "product of our society". A lot of people suck, and a lot of those people met and molded Mike Tyson. That is why he is the way he is.

I've always liked Mike. Don't give a damn who he bit. The people who made him what he is point at him and say "look at this monster!" while taking his money.
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Old 08-04-2003, 05:15 PM   #10 (permalink)
feeling tingly
 
Quote:
Originally posted by Halx
I think he should start at step 1... santa claus in the mall
Fighting him? Or being him??
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Old 08-04-2003, 09:25 PM   #11 (permalink)
He's My Girl
 
Location: The Champagne Douche
They need to raise the dose on his meds. If that doesn't work put him out of his misery. He is a walking timebomb. He will kill or be killed one day. His skills have diminished so much that it's actually sad to see him fight now. He's basically nothing more than a carnival side show freak.
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Old 08-05-2003, 08:26 AM   #12 (permalink)
Psycho
 
Selected debts cited in his bankruptcy filing:

Legal fees: Eight separate claims totalling $890,664.52

Limousine company: $308,749

Darius rug store in New York: $78,000

Support payments to the mother of one of his children: $51,949.42

Diamond Resort in Hawaii: $30,000

Internal Revenue Service: $13,368,233 (Tyson also owes tax arrears to governments of the U.K., Georgia and Michigan)


--------------------------------------------------------------------------------
A sample of Tyson's bills from 1995-97

Legal fees: $9 million

Pagers and cell phones: $240,000

Lawn care at his three homes: $748,000

Birthday party one year: $411,000

Care for his two Bengal tigers, one lion and many pigeons: $412,000

Cost of tigers: $70,000 each

Annual retainer for animal trainer: $125,000


--------------------------------------------------------------------------------
Other legal/disciplinary expenses

Divorce settlement No. 1: $10.5 million

Divorce settlement No. 2: $10 million plus two houses

Fine No. 1: $3 million for biting Evander Holyfield's ear

Fine No. 2: $195,000 for pushing referee to the canvas during bout in Britain

Fine No. 3: $20,000 in connection with his conviction for raping Desiree Washington, a Miss Black America contestant

Lawsuit: Reported $1.5 million civil settlement with Washington

Fine No. 4: $5,000 for punching two motorists following an accident in Maryland

Assault payment: $105,000 to settle assault case in 1987


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Payments to promoter Don King and associates (Tyson and King have duelling lawsuits pending)

Payment No. 1: $750,000 for "overhead" at King's headquarters in New York

Payment No. 2: $100,000 to King's wife, Henrietta, as a Tyson "consultant"

Payment No. 3: $52,000 a year to King's daughter Debbie as president of the Mike Tyson Fan Club.

Estimated total payments to King: At least $65 million

Payments to co-manager/friend Rory Holloway: $22.5 million

Payments to co-manager/friend John Horne: $22.5 million


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Cars

Bentley Azure: Bought five at $320,000 each for a total of $1.6 million

Ferrari: $300,000. Test drive not needed, Tyson told salesman, because he had another one just like it

Other models: Two Rolls-Royces, Cadillac, Mercedes, Jaguar, Porsche, BMW, Lamborghini, Aston-Martin

Totals: It's estimated that, as of 1988, Tyson had bought 110 cars for himself and friends.


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Jewellery

Untold millions in total; his favourite jeweller once sued over an $805,350 unpaid bill

Watch: $1 million, purchased in 2000 in England when he couldn't buy a Formula One race car.


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Houses

Connecticut: Paid $3 million in 1996 for 17-acre estate in Farmington; poured in millions more in upgrades; house was eventually listed for sale at $25 million for 18 bedrooms, 38 bathrooms, seven kitchens, indoor pool and 3,500-square- foot nightclub.

Price dropped last spring to $4.75 million

Potomac, Md.: Worth $4 million

Ohio: Sold for $1.3 million

New Jersey: Bought for $4.5 million

Las Vegas No. 1: Worth $4 million

Las Vegas No. 2: Worth $1 million


--------------------------------------------------------------------------------
Philanthropy

Unknown amount to hand out turkeys to poor families and to pay for the funeral of a 2-year-old girl shot during a burglary in Phoenix.
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Old 08-06-2003, 08:47 AM   #13 (permalink)
Crazy
 
Time to sell a few of your houses. Can't you live in just one?


Anyways a quarter of a million on cell phones and pagers....WTF he must have the worst cell phone plan ever
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