5 posts shown.
steelhawk7 said:Henry Long3 is even worse than that old General Ris guy. Total spammer whenever he starts a thread.
Somehow, though, that Mexican is treated like some protected species on this board... ☕
Someone get the OSCE to protect me.🙂
Just move over to Mexico, you'll see how great it is there.🙂
The Ballad of Iron
After spiraling morally and crashing in the ring, Mike Tyson just filed for bankruptcy, marking a total collapse of his finances too.
Mike Tyson—one of the greatest boxers to ever lace up gloves—has probably lost his final battle by declaring bankruptcy. This guy went from becoming a legend of the sweet science after just two years in the pros to becoming one of the biggest scandal magnets of our era over the next fifteen. Now, he’s broke. He blew through a staggering $300 million during a pretty wild lifestyle.
Tyson's making this move to stop the bleeding. For now, filing for bankruptcy protects him from having to pay a $10 million settlement to his ex-wife, Monika Tarner. It's also an attempt to get his house in order, especially since his spending included things like Bengal tigers, high-end jewelry, and massive, flashy birthday parties. People were worried about his money for a long time; he even admitted he had no clue where all that fight money was actually going.
This bankruptcy just adds to the mess that is his life right now. Not long ago, in a dark moment, he said he couldn't stand himself anymore and wished he were dead. This latest news just makes the chaos worse. On top of that, Tyson recently beat up his manager, Don King, and his bodyguard, claiming King owes him $100 million. A few days back, he trashed a hotel in Brooklyn, adding yet another spot to the list of places his fists have left a mark.
So, for whatever reason, Tyson is stuck shuffling through courts, mostly waiting to see how these lawsuits play out. The downfall of a great boxer is tabloid gold, and his erratic statements and "actions" are basically an open invitation for more exclusives. That gritty corner of Brooklyn he came from feels closer than ever, eighteen years after he first introduced the world to those iron fists.
The former heavyweight champ has officially filed for bankruptcy protection in a US court, claiming his finances are in shambles. After peaking in the early '90s, his legal troubles started when he was convicted of raping a Black American woman. "Iron Mike" got out of prison in 1995, but he never really reclaimed his throne. He'll always be remembered for that fight with Evander Holyfield where he actually bit off part of an ear. His financial ruin really started spinning out of control after he split ways with the famous promoter Don King, leading straight to this filing.
"I blew $300 million on stupid stuff and bad advice," Tyson said.
The former undisputed king is looking for a glimmer of hope in his lawsuit against Don King, where he's suing for $100 million over alleged fraud while he was behind bars.
"As a professional fighter who let others handle his business, he realized too late that his debts outweighed his assets. Now, he's trying to get organized," said his attorney, Debra Gragerson.
The person likely most disappointed by this bankruptcy is Tyson's ex-wife, who was promised $6.5 million from his future earnings following their divorce.
Melissa Williams4 said:I heard Zvonimir Boban is doing pretty well down in Miami after building that house right next to Goran Ivanišević. 👍
Maybe he should join Zeljko Jerkov on that big local committee?
It’s starting to look like Goran Ivanišević is kind of like Mike Tyson. 🙂 He hit some serious financial trouble, and then spent all that time claiming his managers stripped him clean. 🙂
Goran Ivanišević’s Financial Struggles
Wednesday, June 8, 2005 11:50 AM
Even though he officially hung up his racket, our top guy Goran Ivanišević is heading back to the grass courts just to dig himself out of a hole. He says basically every business venture he touched in America went south—including those real estate projects over in Miami near Meje and Firulama that he’s now looking to offload.
"I feel a bit responsible for jumping into industries where there's zero integrity. I walked into this like a kid walking onto a college campus. The sharks just ate me alive," Ivanišević told Time, being totally blunt about his failed investments.
He’s hoping to treat this as a life lesson, though he knows you don't walk away from a shark tank in one piece. Take that apartment building he built in Firulama—it still doesn't even have an access road, even though it should've been wrapped up two and a half years ago. He mentioned how surprised he is by the patience of people waiting to move into finished units. Honestly, everything he invested in stateside fell apart. He admits he bears some blame too; "if everything you touch turns out wrong, you've gotta be talented at it," he joked.
Ivanišević insists he never handed out bribes, but he claims that in the American construction industry, you can't even build a doghouse without paying someone off. His mistake was starting to build back in '98 while he was still playing, having no clue how any of it worked. He admitted to the Wimbledon champ that he overpaid his father to manage things, and they both ended up trusting the wrong people.
He's already certain there won't be any profit from the Firulama project, and he won't know the true extent of the deficit until everything is finalized. He's also planning to sell the private house he was building for himself near Meje in Miami.
He found it pretty ridiculous when a court order stopped him from building a wall, especially since, in his view, the judge never even stepped foot on the property. Now that the ruling was overturned on appeal, he's planning to get back to building.
Between neighbor disputes and constant lawsuits, Ivanišević made the tough call to just sell everything. He said it’s actually pretty rough for him to head back to Miami, since he hasn't been there in six and a half months. What hits him hardest, though, are the endless rumors, mostly aimed at his daughter Amber.
He isn't saying he's bankrupt—he's still making money playing—but he's certain he would've been much wealthier if he hadn't invested back home. According to Time's estimates, Ivanišević earned just under $20 million during his tennis career.
He believes the US will be a powerhouse in 15 or 20 years, but he's done with the business side of things, especially construction.