By Vadim Pushkin
Former four division world champion Roy Jones Jr. has denied reports of being in financial jeopardy.
According to some of the reports going around, Jones is facing a significant tax bill from the Internal Revenue Service [IRS] in the United States. Jones became a Russian citizen in September.
According to reports, Jones owes $3.5 million dollars to the IRS.
The 46-year-old boxer has continued to fight despite most fans and insiders calling for his retirement. He was brutally knocked out earlier this month, in four rounds, by former WBO cruiserweight champion Enzo Maccarinelli in the main event of card held in Moscow.
"I don't have any financial problems. We;ve already taken care of that. The other day I opened up a boxing school [in Russia], and we plan open a number of these types of gyms," Jones said.
A Russian rep for Jones stated: "The situation with Roy's debts have been settled. The strip of financial failures that haunted the athlete have ended. Roy received an offer to participate in a number of projects. These are sports, social and TV projects."
