Thread: Mayweather makes it clear why he is retiring

Originally Posted by BigMix27

With the way Floyd spends money and gambles, he will be fighting for a long time.

As for me, I hope he becomes financially disciplined at the same level as he is physically disciplined. But alas, this boy seems to be on the wrong path.

well lets hope he invests it more wisely than a ghetto wannabe gangsta record label with no artists lol

that's the problem. we can only hope rumor has it that he owes the IRS, and at one time they put a lien on his house.

I hope someone shocks Mayweather by telling him that Tyson is bankrupt and Riddick Bowe is now a security guard that lives in a basement apartment.

Originally Posted by BigMix27

that's the problem. we can only hope rumor has it that he owes the IRS, and at one time they put a lien on his house.

I hope someone shocks Mayweather by telling him that Tyson is bankrupt and Riddick Bowe is now a security guard that lives in a basement apartment.

Boxing is a sport that you don't want to play the "where are they now" game. There's a very long list of broke boxers. Leon Spinks is a janitor.

you got that right cc .. the way he spends and he got that gambling bug.. that ship will soon sink .

Originally Posted by luvfightgame

Originally Posted by BigMix27

that's the problem. we can only hope rumor has it that he owes the IRS, and at one time they put a lien on his house.

I hope someone shocks Mayweather by telling him that Tyson is bankrupt and Riddick Bowe is now a security guard that lives in a basement apartment.

Boxing is a sport that you don't want to play the "where are they now" game. There's a very long list of broke boxers. Leon Spinks is a janitor.

Originally Posted by luvfightgame

Boxing is a sport that you don't want to play the "where are they now" game. There's a very long list of broke boxers. Leon Spinks is a janitor.

this is why it is incumbent on boxers today to learn from the mistakes of their predecessors and practice the same discipline in their finances as they do in the ring. A boxer reaches his prime at 36. That means whatever millions he has, has to last him for another 40 years at least. In addition he has to provide for his wife, and children, and leave an inheritance.

If a fighter makes $30 mill and lives on $1 mill per year, they can only live a certain lifestyle for 30 years. (assumption is that inflation will eliminate interest income) It would be much feasible if a boxer lives a lifestyle of $300 K for 40 years and let the rest be in trust accounts for his children.

But how many boxers sees this. Ironically, even lottery winners don't see this.

Floyd made about $20 mill for this fight including pay per view. With management fees, promotion fees, sanctioning fees and taxes, he will probably walk away with $11 million if he is lucky. Trust me, with that lifestyle that Floyd wants, he will have to continue to fight, because I know he saw Oscar's private Jet. And a 2000 Bombardier Lear costs $10 million + at least $400,000 per year in maintenance.

Floyd ain't going to be leaving boxing without people seeing him in his own jet.

Originally Posted by BigMix27

Originally Posted by luvfightgame

Boxing is a sport that you don't want to play the "where are they now" game. There's a very long list of broke boxers. Leon Spinks is a janitor.

this is why it is incumbent on boxers today to learn from the mistakes of their predecessors and practice the same discipline in their finances as they do in the ring. A boxer reaches his prime at 36. That means whatever millions he has, has to last him for another 40 years at least. In addition he has to provide for his wife, and children, and leave an inheritance.

If a fighter makes $30 mill and lives on $1 mill per year, they can only live a certain lifestyle for 30 years. (assumption is that inflation will eliminate interest income) It would be much feasible if a boxer lives a lifestyle of $300 K for 40 years and let the rest be in trust accounts for his children.

But how many boxers sees this. Ironically, even lottery winners don't see this.

Floyd made about $20 mill for this fight including pay per view. With management fees, promotion fees, sanctioning fees and taxes, he will probably walk away with $11 million if he is lucky. Trust me, with that lifestyle that Floyd wants, he will have to continue to fight, because I know he saw Oscar's private Jet. And a 2000 Bombardier Lear costs $10 million + at least $400,000 per year in maintenance.

Floyd ain't going to be leaving boxing without people seeing him in his own jet.

CC#51 for being the forums shelly finkel bro!

Originally Posted by Majesty

Originally Posted by Lords Gym

I say good riddance.. hell Floyd's got no class . delahoya match was slightly above average .. Nothing that exciting in my opinion..

Clottey -vs.- Corrales a few weeks ago. now that was a match worth watching !

No class? Here's something else he said, this time about Oscar and the fans and the judges

FMJ: He's a good fighter, he's a great guy, he's a great promoter. I have nothing bad to say about him.He has a lovely family, and I wish him nothing but the best in the future.

I was comfortable with the judges, they all did a great job. Oscar De La Hoya is a great champion. Golden Boy is a great company. All you guys have done a hell of a job. We must understand this, me and Oscar, we didn't do this by ourselves. You guys helped, every media, every photographer, every writer, all the internet pages, I appreciate you. I'm saying thanks, not just from me, but from team De La Hoya and Golden Boy as well.

Whoever said that Mayweather would end up with GBP after this fight I present exhibit A

Originally Posted by Starr

Originally Posted by Majesty

Originally Posted by Lords Gym

I say good riddance.. hell Floyd's got no class . delahoya match was slightly above average .. Nothing that exciting in my opinion..

Clottey -vs.- Corrales a few weeks ago. now that was a match worth watching !

No class? Here's something else he said, this time about Oscar and the fans and the judges

FMJ: He's a good fighter, he's a great guy, he's a great promoter. I have nothing bad to say about him.He has a lovely family, and I wish him nothing but the best in the future.

I was comfortable with the judges, they all did a great job. Oscar De La Hoya is a great champion. Golden Boy is a great company. All you guys have done a hell of a job. We must understand this, me and Oscar, we didn't do this by ourselves. You guys helped, every media, every photographer, every writer, all the internet pages, I appreciate you. I'm saying thanks, not just from me, but from team De La Hoya and Golden Boy as well.

Whoever said that Mayweather would end up with GBP after this fight I present exhibit A

CC# 1155 babe

i always joked that about 10:05pm 5/5/07 there would be a Golden Boy Michicgan Chapter lol