Thread: DAm...is nate campbell broke alrdy?

something of fightnews says hes a free agent through bankruptcy

im not sure what this article says about his finances or y he had to file for bankruptcy but wow, i guess the guzman fight really hurt him since he didnt get paid..

but i thought that when u hold three titles u would get sponsors or stuff like that to help u out..i guess life as a champ isnt what u really thought.

if some1 knows mroe info or if im wrong about this information someone please respond and help me out i dont like seeing boxers ruined because they aint got the money

He should have been compensated for the Guzman farce . The the Dominican was fined then that money shoulkd have gone to Nate and nobody else. Undisputed champion and hes bankrupt . Says all you need to know about the current condition of this sport .

Dan Rafael reported that before the Guzman fight Nate was in big trouble financially, and was really counting on that money. Nate owes the IRS 100K and he has like five kids to support.

Also, Nate has never really had a chance to make big money yet. His fight with Diaz was a purse bid, so he probably got like 25% of the purse. Guzman was going to be his first big chance to finally make money.

On the good side, the bankruptcy ends his contract with Don King. Without King and his insistence on having "options contracts" for all of Nate's opponents, Nate will be able to get better fights.

Look at the big picture here this is a very smart move.

As Lance posted, this ends his contract with King and now it's up to Nate himself to make the right moves to pay off what he owes and start making some money.

I'll tell you one thing he ain't broke....
Think of it of him having a credit card debt, a HUGE credit card debt.

I'm sure Nates fine, he just doesn't have 100K in his account to fork over to the IRS.

It is bad enough that Guzman didn't make weight, but by calling the fight off altogether he cost his opponent a much needed pay day. What a POS. I doubt we will be hearing from Guzman anytime soon.

That sucks. I hope things turn out good for him

Originally Posted by CutMeMick

Look at the big picture here this is a very smart move.

As Lance posted, this ends his contract with King and now it's up to Nate himself to make the right moves to pay off what he owes and start making some money.

I'll tell you one thing he ain't broke....
Think of it of him having a credit card debt, a HUGE credit card debt.

I'm sure Nates fine, he just doesn't have 100K in his account to fork over to the IRS.

i think bankrupcy is different now......because i heard that the irs can actually go after ur money becasue they changed it...im not sure

but lets just hope theres some1 out there to help this dude out cause he sure as hell deserves the help.he worked his butt off and beat diaz where i thought he didnt even have a chance. hes 36, not much left hopefully he can pull though.

with bankruptcy there is no loan or anything thing for a house

i have more respect for this dude because he didnt let his financial situation distract him from his fight.

dan just posted a article and it says that he would of made 500k after bonuses

WAIT one more thing did guzman even get fined

if not wth is that

His punishment was described by Dan Rafael as a "slap on the wrist." And the WBA, in their infinant wisdom, has officially absolved Guzman of his unprofessional conduct at the convention in D.R. this week.

I know in an interview on the night of the fight Campbell told Jim Grey that he was still getting paid as he had upheld his side of the bargain.

Did King back out of that promise then?

Hardly suprising from him to be fair

Originally Posted by lance Uppercut

Dan Rafael reported that before the Guzman fight Nate was in big trouble financially, and was really counting on that money. Nate owes the IRS 100K and he has like five kids to support.

Also, Nate has never really had a chance to make big money yet. His fight with Diaz was a purse bid, so he probably got like 25% of the purse. Guzman was going to be his first big chance to finally make money.

On the good side, the bankruptcy ends his contract with Don King. Without King and his insistence on having "options contracts" for all of Nate's opponents, Nate will be able to get better fights.

Having "options" should be illegal, it keeps pimp promoters like King alive since the 1970's.

Originally Posted by Master

Having "options" should be illegal, it keeps pimp promoters like King alive since the 1970's.

I agree. King's really the only promoter that DEMANDS it for every voluntary defense. That is why the Klitchko's will not fight any King fighter that isn't a mandatory.

isnt don jr just as bad as his father?....lol

cause if he is then we in trouble even if king retires we still have to deal with his son

If he is bankrupt, it's because he was with Don King!