Definitely. But it shouldn't be that way. These guys should bite the bullet, admit to themselves "Ok I have all this money, but I have no experience dealing with a ton of money and no credentials to manage it properly so I'm going to get help." And if they don't and go broke, they only have themselves to blame.
These guys are usually so fractured and insecure as people, and boxing makes up so much of who they are, that they can't cope with life after their careers. That's why I have so much respect for guys like Schmeling, who made the transition so well. And guys like Marvin Hagler, who retired, STAYED retired and moved on with their lives.
I'm not talking about them getting their "Uncle Bob" or some promoter to look after them. There are established accounting agencies and advisers that deal with celebrities and athletes, that invest and handle money well and allow atheletes to retire and live well after their careers. Now these guys will cost more than some uncle, but at least you know you'll be taken care of. In most sports, a famous athlete going broke is the exception. In boxing it seems to be commonplace.
These guys want the 10 million dollar mansion because the 3 million dollar mansion isn't good enough. They want a fleet of expensive luxury cars. Investing money isn't as fun as buying that 4th Ferrari.
There's no excuse for it. They've seen guys like Tyson go broke after earning hundreds of millions of dollars. Get smart with your money.
ali was a jerk.
How come every athlete and celebrity doesn't go broke then? There are TONS of athletes, celebrities, singers, actors, ect who grow up with nothing and strike gold. How come we don't see it more in other sports? When we talk about guys like Scottie Pippen and Curt Schiling going broke, it's an exception. It's shocking. When we talk about a boxer going broke, it's just the same old song and dance.
Ignorance is NEVER an excuse. You're talking crazy.
Last edited by Beanflicker; 02-15-2013 at 10:23 PM.
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