Netphoria Members Donation Plee (I'm goin' broke!)

Mike Tyson · 02-10-2004, 04:45 PM

http://sports.espn.go.com/sports/box...ory?id=1731620

Mike Tyson has quite a few rounds to go to win his latest fight outside the ropes.

The former heavyweight champion, who earned more than $200 million in his two-decades-long boxing career, was down to his last $5,553 as of Dec. 31, according to papers filed with the U.S. Bankruptcy Court in New York.

Tyson has been pummeled financially for months and filed for Chapter 11 bankruptcy protection in August. The specifics of his debt woes were reported by Bloomberg News on Tuesday.

According to the court documents obtained by Bloomberg, Tyson also had $174,000 in property and equipment and more than $10.2 million in liabilities at the end of December. He reported earning $720,018 and spending $85.50 in December, Bloomberg reported, and earning $5.68 and spending $22,000 in November.

Bloomberg's report did not detail Tyson's source or sources of earnings.

Shelly Finkel, the fighter's manager, said last week that he is exploring a possible fight for Tyson for May or June. Tyson, who Finkel said wants to fight again, hasn't fought since last February, when he knocked out Clifford Etienne in 49 seconds. He earned $5 million for that fight.

Showtime network executive Jay Larkin said he is in talks with Finkel for a Tyson fight on June 5. Tyson has fought mainly on Showtime in recent years.

June 5 is when Oscar De La Hoya said he will have his next bout. De La Hoya fights on HBO.

Finkel said that Tyson, 37, has been working out with a bodyguard, but does not have a trainer yet.

Information from The Associated Press was used in this report.

02-10-2004, 04:45 PM	#1
Mike Tyson Amish Rake Fighter Location: Brooklyn, NY Posts: 9	Netphoria Members Donation Plee (I'm goin' broke!) http://sports.espn.go.com/sports/box...ory?id=1731620 Mike Tyson has quite a few rounds to go to win his latest fight outside the ropes. The former heavyweight champion, who earned more than $200 million in his two-decades-long boxing career, was down to his last $5,553 as of Dec. 31, according to papers filed with the U.S. Bankruptcy Court in New York. Tyson has been pummeled financially for months and filed for Chapter 11 bankruptcy protection in August. The specifics of his debt woes were reported by Bloomberg News on Tuesday. According to the court documents obtained by Bloomberg, Tyson also had $174,000 in property and equipment and more than $10.2 million in liabilities at the end of December. He reported earning $720,018 and spending $85.50 in December, Bloomberg reported, and earning $5.68 and spending $22,000 in November. Bloomberg's report did not detail Tyson's source or sources of earnings. Shelly Finkel, the fighter's manager, said last week that he is exploring a possible fight for Tyson for May or June. Tyson, who Finkel said wants to fight again, hasn't fought since last February, when he knocked out Clifford Etienne in 49 seconds. He earned $5 million for that fight. Showtime network executive Jay Larkin said he is in talks with Finkel for a Tyson fight on June 5. Tyson has fought mainly on Showtime in recent years. June 5 is when Oscar De La Hoya said he will have his next bout. De La Hoya fights on HBO. Finkel said that Tyson, 37, has been working out with a bodyguard, but does not have a trainer yet. Information from The Associated Press was used in this report. __________________ Pay me, I'll knock dat nigga out.