Who cAme out rich?
Which Don King promoted top fighter didnt get robbed by him?
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A lot of fighters complain about Promoters robbing them, but in most cases, these guys squandered their money away. Sinking their money into depreciating assets like luxury cars, planes, bling, strippers/women, designer/custom clothes, mansions, divorces etc. Then there's the lawyer fees for when they inevitably get into trouble with the law or shady women--that can run into the millions. Accountants aren't cheap either.
Tyson earned $300M during his career from boxing and endorsements. While I don't doubt Don King swindled him out of some millions, a majority of it was life-style choices and poor decision making. Look at both Floyd and Manny. They earned hundreds of millions at each ran into IRS troubles despite their fortunes.Comment
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Yeah, even if Don King was "robbing" them they still had tons of money to buy all that expensive trash.A lot of fighters complain about Promoters robbing them, but in most cases, these guys squandered their money away. Sinking their money into depreciating assets like luxury cars, planes, bling, strippers/women, designer/custom clothes, mansions, divorces etc. Then there's the lawyer fees for when they inevitably get into trouble with the law or shady women--that can run into the millions. Accountants aren't cheap either.
Tyson earned $300M during his career from boxing and endorsements. While I don't doubt Don King swindled him out of some millions, a majority of it was life-style choices and poor decision making. Look at both Floyd and Manny. They earned hundreds of millions at each ran into IRS troubles despite their fortunes.
Sure Don King is a shady man but if he was robbing them so hard they wouldn't have money to buy those things in the first place.
Many athletes go broke because they spend money on ****** things like there's no tomorrow and attract all the leeches and wrong women. These boxers just had a handy excuse because they were involved with a crook who took some of that money away too and it's easy to point a finger at him. With their spending habits, they would be broke even without Don King.
It would be really interesting to trace where the money of all these broke athletes out there really went. Does the community benefit from some of it eventually through taxes?Comment
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