Antonio Tarver Arrested for Fraud

[Onix]

Wow, yet another boxer squanders all his money and is without a pot to piss in...

The managers of these guys really have to sit down with them and explain the game to them, explain the importance of savings, RRSPs, whatever, because this has become the norm for boxers.

I have a suspicion that the managers encourage them to spend and throw away their money. A broke fighter is a fighter that has to fight, that has to accept the fight he's given, and that doesn't create too many waves for the manager/promoter.

[Spicoli]

Magic Man indeed. Abracadabra...career go *POOF*

[Tam Seddon]

Tarver's Mugshot, Owes 200K in Gambling Debt To Wynn - Boxing News

Tarver in 200k gambling debt, he looks in a bad way

[Beanflicker]

Wow, yet another boxer squanders all his money and is without a pot to piss in...

The managers of these guys really have to sit down with them and explain the game to them, explain the importance of savings, RRSPs, whatever, because this has become the norm for boxers.

I have a suspicion that the managers encourage them to spend and throw away their money. A broke fighter is a fighter that has to fight, that has to accept the fight he's given, and that doesn't create too many waves for the manager/promoter.

You're probably right. Scumbags.

It makes all the difference to get hooked up with a trustworthy guy. I remember from reading Sugar Ray Leonard's book that his manager was a top-notch guy (I don't think he was a "boxing" guy, just a businessman) who taught him how to save and invest his money and really looked out for him financially. It's a shame more guys don't get hooked up with guys liek that.