Mike Tyson’s Abandoned Mansion, Southington, OH. Photo by Johnny Joo

Add to Facebook download .zip with all pictures

Just got taken advantage of by Don King, your supposed to trust your management team
But he did waste his money too, probably buying friends, it’s like that great gatsby movie, no friends but has massive parties to cure his sadness or whatever.

>Court records show King had contracts that not only made him Tyson’s promoter, but gave him 30 percent of his earnings – technically against Nevada law.

>What Nevada boxing officials didn’t know was the checks King gave them to give to Tyson for both Holyfield fights weren’t entirely Tyson’s to keep. The $30 million paydays would be cut in half by the time Tyson wrote checks for $9 million to King and $3 million each to Horne and Holloway.

>”After we give him a check for $30 million, we don’t know where the money goes,” Nevada Athletic Commission executive director Marc Ratner said.

>Recent attempts to reach Tyson and King for interviews were unsuccessful.

>King made at least $65 million just from his cut of Tyson’s purses and TV and casino deals, according to contracts signed by King, Tyson, Horne and Holloway. Tyson lawyers claim the promoter made millions more from foreign broadcast rights and expenses he charged to the boxer.

>King was even selling Tyson’s likeness. When the World Wrestling Federation needed Tyson’s picture for its Wrestlemania ads, the rights were credited to Don King Productions.

>Though Tyson signed the checks for Mike Tyson Productions, his financial records were handled in King’s office by an accountant the promoter selected. Tyson seemed oblivious as to where the money was going.

>”I think sometimes he signed blank checks,” said Jeff Wald, a Hollywood agent who is Tyson’s new adviser. “Mike was not told exactly what was going on. Yes, he signed checks and yes, he spent money. But he was entitled to that money.”

>And even after giving half of everything he made to King and his managers, there was plenty left over. Tyson’s 50 percent of the purses and contracts with Showtime television and the MGM hotel-casino amounted to some $106 million.

>For his six fights since getting out of prison, Tyson’s smallest purse was $10 million to fight Buster Mathis Jr. In three of the fights he was paid $30 million for each one.

>”The purses he got were reasonable, and maybe a little on the high side,” rival promoter Bob Arum said. “But it wasn’t reasonable taking 50 percent of his money. When you shave 50 percent off, the deal wasn’t that good.”

Latest Comments
  1. Lucessinger98 December 25, 2016
  2. Neab December 24, 2016
  3. Mcaaast9 December 21, 2016
  4. osade December 18, 2016
  5. Oslt December 17, 2016
  6. codayrzeszow December 17, 2016
  7. Imem December 16, 2016
  8. Mcaaast9 December 12, 2016
  9. Emkim December 10, 2016
  10. osade December 10, 2016
  11. Awust December 9, 2016
  12. RomaMcray December 8, 2016
  13. Rynepi December 5, 2016
  14. Endrr December 3, 2016
  15. Ightcer November 30, 2016
  16. Adald November 27, 2016
  17. Sulghaeng November 26, 2016
  18. GastonCoit November 24, 2016
  19. Emkim November 19, 2016
  20. Endrr November 18, 2016
  21. EunaCalifano November 15, 2016
  22. CatharineDorrance November 13, 2016
  23. Issdar November 3, 2016
  24. Odynu October 29, 2016
  25. bellowsE October 28, 2016
  26. Titus16 October 17, 2016
  27. Csmoak09 October 11, 2016
  28. Cheann October 4, 2016
  29. Fitinack September 30, 2016
  30. vanderpool39 September 21, 2016
  31. Daros September 19, 2016
  32. TakakoMelnick September 9, 2016
  33. garza77 September 2, 2016
  34. Jacquiline1999 September 1, 2016
  35. LeolaBou September 1, 2016
  36. AlexTibbs August 30, 2016
  37. Kimny August 30, 2016
  38. Lordnys August 27, 2016
  39. LeonardEdlund August 21, 2016
  40. Adald August 19, 2016
  41. DavisGroce August 19, 2016
  42. Skelashat August 18, 2016
  43. Chawler August 6, 2016
  44. brusswszech August 2, 2016
  45. Nicolhowle July 30, 2016
  46. DavisGroce July 25, 2016
  47. Ashend July 22, 2016
  48. EviaBruss July 20, 2016
  49. Whail July 19, 2016
  50. Ensulard July 18, 2016
  51. codayrzeszow July 8, 2016
  52. Phois July 6, 2016
  53. Neab July 6, 2016
  54. Lordnys July 5, 2016
  55. Nah July 1, 2016
  56. Adir June 21, 2016
  57. Iaor June 13, 2016
  58. Darpolo June 12, 2016
  59. Rodel June 9, 2016
  60. Sadys June 2, 2016
  61. presley77 May 31, 2016
  62. Sadys May 27, 2016
  63. Mcglade666 May 26, 2016
  64. southwickship5 May 26, 2016
  65. Rosybi May 25, 2016
  66. Ludser May 24, 2016
  67. Orpsam May 23, 2016
  68. Iworo May 22, 2016
  69. Issdar May 22, 2016
  70. Mcaaast9 May 18, 2016
  71. LeotaBerkeley May 15, 2016
  72. Eldoq May 4, 2016
  73. hyunsc2 April 28, 2016
  74. Ybele April 27, 2016
  75. ShellieFiles April 25, 2016
  76. Yuania April 22, 2016
  77. hyunsc2 April 13, 2016
  78. Nyem April 8, 2016
  79. Lordnys April 7, 2016
  80. uruch April 7, 2016
  81. Queighty April 5, 2016
  82. bellowsE April 4, 2016
  83. Ongha April 3, 2016
  84. Unthon April 3, 2016
  85. Radbel March 31, 2016
  86. YaekoPendelton March 22, 2016
  87. Rannund March 21, 2016
  88. hyunsc2 March 17, 2016
  89. Neab March 16, 2016
  90. Iaor March 14, 2016
  91. kolinmcrae March 11, 2016
  92. Tiaeld March 9, 2016
  93. GaleBostick March 7, 2016
  94. Orlye March 5, 2016
  95. Jacquiline1999 March 4, 2016
  96. Mcglade666 March 3, 2016
  97. tauskny February 22, 2016
  98. Nah February 19, 2016
  99. Rel February 19, 2016
  100. Kimny February 18, 2016
  101. Phois February 11, 2016
  102. CristineLacomb February 8, 2016
  103. Tryt February 6, 2016
  104. Queighty January 22, 2016
  105. Oasi January 22, 2016
  106. Dokeg January 19, 2016
  107. Zapes January 16, 2016
  108. Nyem January 16, 2016
  109. Brivestas January 16, 2016
  110. Chawler January 15, 2016
  111. PatriciaAcord January 11, 2016
  112. Iaor January 9, 2016
  113. RobbynDosch January 4, 2016
  114. poissonman88 January 2, 2016
  115. RebeckaGuyton December 25, 2015
  116. Ongha December 23, 2015
  117. Rosybi December 11, 2015
  118. Zapes December 10, 2015
  119. Inest December 9, 2015
  120. Garan December 7, 2015
  121. Endvesa December 3, 2015
  122. Orlye December 1, 2015
  123. CarlGuerrier November 26, 2015
  124. DomingaRico November 21, 2015
  125. Fitinack November 18, 2015
  126. Orlye November 16, 2015
  127. DonnieHeinlein November 16, 2015
  128. Wartin November 13, 2015
  129. Titus16 November 10, 2015
  130. guin7865 November 10, 2015
  131. Endvesa November 3, 2015
  132. Csmoak09 November 2, 2015
  133. LeonardEdlund October 28, 2015
  134. urnisaw October 27, 2015
  135. Rodyn October 26, 2015
  136. Inest October 25, 2015
  137. Rosybi October 19, 2015
  138. TyroneVautour October 16, 2015
  139. Daros October 16, 2015
  140. ArletteMaddix October 13, 2015
  141. LacyMaberry October 12, 2015
  142. wasdenmzd October 8, 2015
  143. ArletteMaddix October 4, 2015
  144. TyroneVautour October 2, 2015
Comments are closed.
Click on Like Page, to get new amazing photo every day on facebook.