Fighters who are terrible with their money

[Nameless]

Though it is stupid to live in a house like the one Holyfield own, this mansion isn't the real problem: the dude did spend like crazy and did fathom something like 10 kids to 8 different women. In the U.S, the laws about healthcare are deadly on the wallet, for example, I've read that Puff Daddy has to pay 25 000 per month to his ex wife for their kid. Now put somebody like Holyfield who has 10 kids from more or less 8 different women, do you have an idea of how much it did and still cost him per month? Add to this the living standard of a Prince and you're in for the road to ruin with a first class ticket. Would he have restricted himself from acting like a pervy rabbit, his finances might be much much better today.

[Althugz]

Entourages and extravagance seem to be a downfall for many athletes.

Tyson used to buy a whole fleet of cars for his entourage too I remember reading and Holyfield..well, his entourage is 8 kids and the women he's had them with

Doesn't bode well for Mayweather or Pacquiao either who have a lot hangers on who seem to be getting paid to loiter around.

Although I don't think throwing 100 dollar bills out to fans at 50 Cent concerts or betting 100k at a time on basketball games can help either

I think Pac will be alright with his money as he doesn't seem as extravagant with his lifestyle

[El Kabong]

If I was a promoter I would want my fighters to take a course on financial planning....granted the majority of fighters are not smart PERIOD much less smart with money. But it's just damn sad to see that kind of shit happen in any sport. Johnny Unitas was damn near broke after his playing days....that's fucking sad right there.

I would think ALI would pop up as one of the guys that has been smart with his money, because God help him had he been like Joe Frazier and had to deal with Alzheimer's and live in his fucking gym.

Joe Louis probably got screwed over the most....Jack Johnson was always a high roller but seemed to be good with his cash. He still had some money when he died in that car wreck.

Ray Robinson was apparently bad with his money

...but hell all these fighters usually come from nothing and they know about that lifestyle which is why they can't handle it properly when they get big money.

I think Glenn Johnson is going to be good with his money

[toogood4u]

its too bad its going to be the best guys who gave us memories that we will never forget.

not boxers but athletes facing the same problem
one guy that comes up now is iverson, guy gambles his money away and how hes got no job and a divorce is coming.....Antonie Walker too

[toogood4u]

Entourages and extravagance seem to be a downfall for many athletes.

Tyson used to buy a whole fleet of cars for his entourage too I remember reading and Holyfield..well, his entourage is 8 kids and the women he's had them with

Doesn't bode well for Mayweather or Pacquiao either who have a lot hangers on who seem to be getting paid to loiter around.

Although I don't think throwing 100 dollar bills out to fans at 50 Cent concerts or betting 100k at a time on basketball games can help either

I think Pac will be alright with his money as he doesn't seem as extravagant with his lifestyle

everything in his country is cheap.......but then again his entourage is huge...like freakin huge hes got like a small army lol and its all legal rofl how awesome is that

[salty trunks]

Though it is stupid to live in a house like the one Holyfield own, this mansion isn't the real problem: the dude did spend like crazy and did fathom something like 10 kids to 8 different women. In the U.S, the laws about healthcare are deadly on the wallet, for example, I've read that Puff Daddy has to pay 25 000 per month to his ex wife for their kid. Now put somebody like Holyfield who has 10 kids from more or less 8 different women, do you have an idea of how much it did and still cost him per month? Add to this the living standard of a Prince and you're in for the road to ruin with a first class ticket. Would he have restricted himself from acting like a pervy rabbit, his finances might be much much better today.

There was a showcase on Holys mansion in a magazine once. The article said it took 2 million a year just in upkeep. I would say that could become a problem.