Originally posted by BattlingNelson
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Comments Thread For: Larry Holmes Feels Mayweather Will Lose All of His Money
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Originally posted by BigGenes View PostGambler is a gambler, professional or not! you'll lose money more if you ********...10-20 year time he's broke! Gambler
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Originally posted by Realizniguhnit View PostI'm not Floyd, but you can go add up his ******** tickets he posts regularly. He's doing fine, but like I said you lack common sense so it may be too hard for you to comprehend..That's why there is a place for professional gamblers in the IRS tax code..
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What do you mean there is no indication he will go broke? The guy was on the IRS speed dial until recently and if it wasn't for Oscar giving him a loan in exchange for him coming back to boxing under Golden Boy Floyd would have done more jail time for tax evasion.
Antoine walker had $100 million in the bank as well and the guy is making 30 grand in the D league now to make ends meet. The problem comes when those paydays stop coming in but the leechers don't stop putting their hands out.
Take it with a grain of salt but 50 told everyone that he has more money than Floyd and that Mayweather pretty much goes broke before every fight. Maybe that's a reason why he is intent on fighting two time a year until he is done to cash out and maybe that's why he is not willing to risk the 0.
I work in finance and i see it all the time albiet on a smaller scale. People that were used to spending without a budget have a hard time reining it in when the money stops coming in. And its not like he has any endorsements and lets face it TMT is not viable income for his lifestyle and Mayweather promotions appears to make money for Haymon instead of Floyd.
Maybe he has matured and has made better long term financial decisions. If he has good for him and his family but to say him going broke is in an impossibility is pretty naive.
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Originally posted by Realizniguhnit View PostNone of what you say are facts just BS for the most part. You said 100 million won't last when he already has that, will make another 100 million and he's likely still getting residual checks from the Cotto fight. You talk about leeches what leeches? the people you see closest to Floyd are all either on his payroll or members of his family. You should really just stop commenting because you lack common knowledge...
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Originally posted by BIGPOPPAPUMP View PostFormer heavyweight champion Larry Holmes knows more than he should about overspending on luxurious items. Holmes made millions of dollars during his reign as the world champion, and made millions more in some high profile fights that came in the late stage of his career. In the end, he managed to waste away his millions and had nothing left.
[Click Here To Read More]
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Originally posted by trufightfanatic View Postno one wins every single time they gamble unless of course u are only betting on Floyd to win his fights. That said I never hear of Floyd posting losing tickets and im sure he has plenty of them as well.
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Let's not forget Floyd was having tax problems not so long ago...
The paydays won't last forever, his spending habits will get the better of him, just like everyone else before him. The smart boxers as far as money is concerned are rare.
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