Boxingscene didn't start that rumor, it came from Freddie Roach. Why would Freddie make that up?
FYI: Well once your liabilities outweigh your assets, you are broke. People with seven and eight figures in the bank go broke all the time.
Also, you can be "worth" any amount of money, but if you have a lot of debt and your assets are nonliquid, things go bad easily. Look how the IRS took Floyds cars before the Marquez fight. He was worth millions of dollars too, but he was still broke.
FYI: Well once your liabilities outweigh your assets, you are broke. People with seven and eight figures in the bank go broke all the time.
Also, you can be "worth" any amount of money, but if you have a lot of debt and your assets are nonliquid, things go bad easily. Look how the IRS took Floyds cars before the Marquez fight. He was worth millions of dollars too, but he was still broke.

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