Comments Thread For: Mike Tyson Reveals Financial Issues on HBO's Real Sports

[CubanGuyNYC]

I was wondering why he was whoring himself in every TV op and signing possible. Makes sense now though.

The IRS doesn't forget. Tyson's lucky he's not in prison. Amongst others, Wesley Snipes went to prison for failing to pay the government their cut.

[charlieg]

Get in shape.
Get back in the gym.

Fight and knockout 2 bums.

Then a ppv with wladimir.

What a ****ing ****** comment.

Let's not forget he was getting knocked out by bums when he retired.

Beyond that, you're advocating guys who are way past their best, basically transitioning into old men, get back in the ring just to earn some money? That's how boxers get permanent damage, fighting way beyond their primes because they need the money.

[MRBOOMER]

For Fuchs sake mike.

How does one blow 300 million.


Get in shape.
Get back in the gym.

Fight and knockout 2 bums.

Then a ppv with wladimir.

I'd pay for that.

[FeFist]

Bad money managers..a legit money man's first job is to separate what will be owed to the government so his employers isn't able to spend the IRS's cut. Some folks on here love to kick dogs when they are down..Mike's money put a lot of people in good positions, put them in homes, put kids through college...he's given more to charity and others than you will make in a lifetime...so hate on and call him ******. Most of you mofo's can't manage your several hundred dollar bank accounts but expect a troubled kid from brooklyn thrusted into the limelight with no real supervision to manage millions upon millions of dollars.

So what if people can't manage the several hundred of dollars in their bank account? People who are poor cannot afford financial advisers, he can. And even if he didn't hire a financial adviser the issue with the IRS is a simple case of not spending 100s of millions.

[CubanGuyNYC]

So what if people can't manage the several hundred of dollars in their bank account? People who are poor cannot afford financial advisers, he can. And even if he didn't hire a financial adviser the issue with the IRS is a simple case of not spending 100s of millions.

If you have Netflix, I highly recommend the ESPN "30 for 30" documentary "Broke." It's eye-opening.

[JAW]

So what if people can't manage the several hundred of dollars in their bank account? People who are poor cannot afford financial advisers, he can. And even if he didn't hire a financial adviser the issue with the IRS is a simple case of not spending 100s of millions.

This just seems a little naive. I would think Tyson would have people he thought were looking out for his best interests. He was just a kid and didn't have a great background for role models and education.

But by all means, give a stranger your hard earned money Then tell him he gets a small cut to take it and make more money for you, as long as he doesn't steal any. Ask Bernie Madoff how that works.

Sadly, a lot of these guys do have managers and lawyers and these are the guys who screw them hardest in the end.

[American Dream]

hate to see that happen..but hes done a good job reinventing himself nevertheless!

[ShoulderRoll]

Bill Cayton had set Mike up with a trust that was protected and that only he could touch. There was already a lot of money in there when Cus died and he could have kept adding to it over his career.

But Don King and Robin Givens came around and started whispering in his ear. Eventually they got him to dump Cayton and to take out the cash....Givens ended up taking some of it in the divorce and who knows how much of it King got his hands on.

[koffiekewl]

You are very right !

[Slip Stream]

Fall Of the Titan

"A fool and his money are soon parted."

Mike isn't the first boxer to face these sorts of problems and he definitely won't be the last. Fighters sometimes are of a particular breed of human, the kind that is absolutely not prepared for fame and fortune. So when that world descends on them they fall prey to the fairy glamour of false friendships and bad advice. In many ways their struggles outside the ring are far more decisive and important than any risk they take in the ring. Look at lottery winners, many times their stories are unhappy ones, because dreaming about money is critically different than actually having it.

The kid from the Catskills that could fight his ass off never knew what hit him.....