Damn Shame: Michael Spinks was selling all of his cars belongings

**toyboy33** · 05-15-2010, 10:27 AM

People who never had things growing up often go buck wild when they get some money. Sad but true. I doubt Floyd will ever be broke like Tyson. He's got lawyers and financial advisors on his employ. Tyson was mostly advised by leechers.

**And Still** · 05-15-2010, 10:30 AM

Originally posted by toyboy33

People who never had things growing up often go buck wild when they get some money. Sad but true. I doubt Floyd will ever be broke like Tyson. He's got lawyers and financial advisors on his employ. Tyson was mostly advised by leechers.

Floyd spends about a million per year on personal security.

That is insane.

**Guest** · 05-15-2010, 10:33 AM

I give Spinks full credit for making 13 million dollars for 90 seconds of work and getting the **** out of boxing after.

It's been 20 years or so since he fought, so **** happens in people's lives.

**Toney616** · 05-15-2010, 10:33 AM

Originally posted by Ninth302

Ex-Heavyweight Michael Spinks doesn't live too far from my father in Delaware and me and my pop were en route to NJ to go drag racing and we seen Spinks had for sale signs on all of his cars and assorted belongings. Dude has like 15 to 25 cars! Sad these ****** ass dudes want to live that life and end up going broke though I hope that's not the case. IMO, anyone who "OWNS" 15 to 20 cars is a fool. Smart rich people don't buy cars, they lease them. I think he still owns his BAR though.

I really hope these boxers such as my own favorite (Floyd) be smart about their money. Personally I think Floyd needs to get rid of the big boy mansion and scale down his lifestyle a bit. I wouldn't wish poverty on anyone. I hope EVERY boxer gets their money up and maintains...

Damn, thats a damn shame. I hope he gets on top of things

**Ninth302** · 05-15-2010, 10:34 AM

Originally posted by And Still

Floyd spends about a million per year on personal security.

That is insane.

He's probably fraudin on that. Armed guards are 5 stacks a week. Them big mofos probably guard floyd around Fight time....

**Toney616** · 05-15-2010, 10:34 AM

Originally posted by And Still

Floyd spends about a million per year on personal security.

That is insane.

I think Mr Floyd will be fighting for a long time

**Blooper** · 05-15-2010, 10:35 AM

Originally posted by And Still

Floyd spends about a million per year on personal security.

That is insane.

yeah.

he's a pretty smart dude.

**Jim Tom** · 05-15-2010, 11:02 AM

Originally posted by Ninth302

Ex-Heavyweight Michael Spinks doesn't live too far from my father in Delaware and me and my pop were en route to NJ to go drag racing and we seen Spinks had for sale signs on all of his cars and assorted belongings. Dude has like 15 to 25 cars! Sad these ****** ass dudes want to live that life and end up going broke though I hope that's not the case. IMO, anyone who "OWNS" 15 to 20 cars is a fool. Smart rich people don't buy cars, they lease them. I think he still owns his BAR though.

I really hope these boxers such as my own favorite (Floyd) be smart about their money. Personally I think Floyd needs to get rid of the big boy mansion and scale down his lifestyle a bit. I wouldn't wish poverty on anyone. I hope EVERY boxer gets their money up and maintains...

With a lease there's no residual value after the lease has been paid off but when you buy it's there.Ownership has also options and you know options have value like now Spinks can sell the cars.If he was leasing he wouldnt be having anything to sell because he would have passed the value to the leasee

**oc9979** · 05-15-2010, 11:04 AM

why lease a car?? at the end of the day the car is not yours. and you pay monthly plus you have to get it services by the dealership

Damn Shame: Michael Spinks was selling all of his cars belongings