Why do so many former boxing champions go broke?

[Expertise]

post smells a bit racist to me..

naming a bunch of black boxers that have // appear to have gone broke

and then two white boxers, and asking if they will spend all their money on "cars, grills, rims, bling bling, drugs, etc..." (stuff associated with a hip hop// "thug" lifestyle)





boxers often go broke because they stop making money
and continue to spend it

lighten up man, not everybody is a racist

[King Ghidorah]

What happen to Joe Louis was disgraceful and all them damn taxes they said he he owed eh didn't owe them racist motha****as shi...

[Expertise]

What happen to Joe Louis was disgraceful and all them damn taxes they said he he owed eh didn't owe them racist motha****as shi...

How much did he owe to the IRS. I dont think it was that much to make him go broke. It was just an excuse.

Anyway Max Schmeling who was still very rich after his retirement paid for Joe Louis his funeral.

[StopBlocking]

Ali isn't broke.

[Expertise]

Ali isn't broke.

so why did he fought Larry Holmes and Berbick?

Do you think the Klitschko brothers will come back after they retire and fight a couple of more fights just for the money even though they know they are way past their prime?

[StopBlocking]

so why did he fought Larry Holmes and Berbick?

Do you think the Klitschko brothers will come back after they retire and fight a couple of more fights just for the money even though they know they are way past their prime?

Because he was like most great fighters who think they still have it and stay too long. His name alone makes him good money to this day.

[StopBlocking]

The Klitchkos seem pretty sharp so I doubt they will end up broke.

[New England]

lighten up man, not everybody is a racist

calling it like i see it.


take a look around here and you'll find lots of racists.

[madsweeney]

lighten up man, not everybody is a racist

Everyobody's racist to some extent, its human nature to categorize, hell, it can be argued that its an evolutionary response. You think deer are racist because they're weary of humans, no, because sometimes, them muther****ers shoot at em.



To answer TS's question there's two main reasons boxers go broke. 1st, they get punched in the face for a living, not exactly the brightest representation of the human race. 2nd, most of these guys grew up in poverty and never learned how to manage money. Some break the mold but hell, the average American spends more money than they make.

[The Hammer]

“There are none so blind as they who will not see." - John Heywood