““Boxing is a grueling, demanding sport that requires an immeasurable amount of discipline and dedication, arguably more than any other professional game.”
Try big wave surfing.Posted September 9, 2013 6:25 pm
Da UnKnown Comic
Roy is broke. Boxers are born to be broke. Leonard, Hearns, Oscar (before Schafer saved him). It won’t be Floyd’s gambling that gets him. You see all those women getting paid for nothing in All Access 3?Posted September 9, 2013 2:39 pm
” I NEVER KNEW ‘ROY ”JONE’S / LOST HIS $$ MONEY ? True or flase ?Posted September 9, 2013 4:08 am
Pac may very well lose his fortune. He has to many leaches in his entourage. Floyd also but with the money he is making and seems to be making good investments he may be among the few. But he does gamble and party and spend money like it will never end and that is what these sports figures problems are. They don’t realize that eventually the money stops rolling in and they live beyond there means.Posted September 8, 2013 5:00 pm
Bhop is another fighter that wont lose his fortune, hes way to smart like Leonard Delahoya and the Klitz.Posted September 8, 2013 2:18 pm
LIVE OFF $! MILLION DOLLARS FOREVER !!!!! ~ SIMPLE !Posted September 8, 2013 9:57 am
Sports Illustrated reported that withing two years of retirement, the percent of NFL players bankrupt or financially stressed is a whopping 78 percent!Posted September 8, 2013 8:33 am
The Truth Teller
It’s not just boxers…NBA, NFL and MLB players often lose their fortune too. It’s not usually because they get screwed out of there money. It’s because for the most part, they come from an empoverished background with little education, and little understanding about the concept of money and how to effectively manage it. They live life high on the hog while they’re getting the fat paychecks, but when they’re careers are over or winding down and they no longer command the big money, they have nothing left. That’s why Mosely is still fighting…a guy like Broner, I bet he’ll be fighting until he’s 60.Posted September 8, 2013 12:12 am
Because they are too busy learing the 1-2 combo and not learning what 1+2 =. And that goes for so many kids in public E. And its not the teachers fault. The teachers are just bandaids for their family lifePosted September 7, 2013 9:05 pm
because they dont take the Leykis 101 course.Posted September 7, 2013 7:11 pm
NEW ARTICLES SAME OLD EVERY DAYPosted September 7, 2013 5:42 pm
AT FIRST I WAS AINTY CALZAGHE BUT THEN ISTARTED CHEERING FOR JOEPosted September 7, 2013 5:37 pm
This annoys me! This author has written a very similar report that i wrote and was published on Boxing news 24, on Monday of this week.
Boxing trainer told me once who is a no namer that when you get your head rattled like boxer do you turn to Drugs and alchol like Ceaser Chavez SrPosted September 7, 2013 3:24 pm
Think you can add, Lewis, Khan, Nasseem, Hatton, Calzaghe, Benn to the list.
Conteh done his bollocks years ago, as did Honeyghan, Eubank, Downs et al
This list is no different to actors, pop/rock stars, entrepreneurs
Life is full of irresponsible clowns and boxers are not exclusivePosted September 7, 2013 2:40 pm
Coz Day Stoopidz Dred!Posted September 7, 2013 2:28 pm
Mick the Marmalizer=Billy Walker is very much alive, where are you getting your information from,Billy is alive.Posted September 7, 2013 12:57 pm
Simple.,they don,t know how to handle that big money in a sensible way.All big houses and property are taxed heavily and the up keep is huge.Posted September 7, 2013 12:49 pm
It’s Me, Ernie
The village idiot chimed in with:”The easiest job in Boxing is being a boxer. ” It’s becoming increasingly obvious all the time you know very little about what it takes to step into the ring…Posted September 7, 2013 12:25 pm
Mick the Marmalizer
British boxers who appear to have done well include.
Lack of education is a big factor in boxers losing money. If a boxer like the KBros lost their fortune then they could still have a well paid job being a teacher, doctor, lawyer etc. I dont see why a well paid boxer cant do college or open university/home learning to further their education. Im sure theres nothing better than studying what your interested in. I think most boxers could do sports science. At our local amateur club just showing people enthusiasm in subjects gets their thought process going. A healthy person can never stop learning.Posted September 7, 2013 11:46 am
Most fighters arent bussiness men.Even a guy like Larry Holmes said he had a good friend who watched his money for him and help him,with investments and friends like that are hard to find.Alot also has to do with who you surround yourself with.I also think fighter nowadays are abit smarter and learned from past fighters,who ended up broke more often.It seems in bygone years almost all fighters ended up pretty bad off overall,today I think its improved some.Maybe Im wrong but it seems abit better today,prehaps its because fighters are making more aswell and have more room to invest.Posted September 7, 2013 10:56 am
This pundit writes.., “Boxing is a grueling, demanding sport that requires an immeasurable amount of discipline and dedication, arguably more than any other professional game.”
Pardon me for correcting your spelling errors, but even writing demands more discipline and dedication than Boxing … that is, if you intend to reach the top of your profession. Top IT professionals who work for Google or Microsoft have a great time at work, but also have to be damned dedicated and have a tougher work week than any boxer. Boxing is basically fun.
A boxer can hold a full time job—such as Bryant Jennings does—and still reach the top of his profession. He runs for a half hour in the morning. He spends 2 hours in a boxing gym in the evening—and maybe he does a half hour of strength training and plyometrics to get an edge on competitors.
Between fights he can take mini-vacations. I’ve seen guys get really fat between fights and still be successful. Hell, I’ve seen guys show up fat for their fights and still make millions. There’s a lot of slack in professional boxing.
The easiest job in Boxing is being a boxer.
The toughest jobs are matchmaker, trainer, and manager. Boxers can literally wait for years between fights because it’s serious business getting fights. Getting the right fights is even tougher. Becoming well skilled is another problem. Good trainers are very few and far in between.
Some enterprising boxers put their own fights together. I knew a kid named Eddie Mazon who lined up a lot of his own fights. He was really good at it. He had about 80 fights in 5 years and got bored with Boxing when he was only 23. He had a little money set aside, so he went into other businesses.Posted September 7, 2013 10:51 am
How is Lennox Lewis travelling? Wasn’t he one of the prudent boxers that invested his money wisely outside of the ring?Posted September 7, 2013 10:48 am
Boxers who lose their fortunes
Boxer who did not lose their fortunes
Active fighters who might lose their fortunes
1. Floyd – From Gambling
Active fighters that will not lose a fortunes
1. Pacquiao – although he spent his money on helping people, church contribution, on elections, its a well spent money, he remains rich in people heart even he run out of money.Posted September 7, 2013 10:29 am
Mick the Marmalizer
The answer is obviously thief’s like Don King & Bob Arum!!. However there is a tradition that the likes of Harry”the horse” Laveane, Sam Soloman, Tex Ricard & Al Weill also deserve a mention as does Bob Fitzsimmons brother in law the dreaded Julian!Posted September 7, 2013 8:47 am
THEN AGAIN, MY FAVOURITE HEAVYWEIGHT of all time is The Easton Assassin, LARRY HOLMES…..He had no formal education as he left school at 14 or 15, but he was clever enough to it only learn from the best in FRAZIER and ALI, but he invested his cash in property and businesses all around SCRANTON, PA and as far as I’m aware he is still comparatively comfortable all these years later.
Good advice is important and having good role models (in my case, my parents) who either take a portion of your earnings and put it into savings/ investments or keep you away from the sharks and other predators out there that can sniff a mark from a thousand paces.
Sad, but true, ‘a fool and his money is soon parted!’Posted September 7, 2013 8:32 am
EVANDER will be holding a talk next weekend in Clapham, in the UK if anyone is interested in attending……
Unfortunately, this doesn’t only occur in boxing, but in all areas where young people can earn comparative vast fortunes very quickly, without good, HONEST counsel, they can attract dishonest people who point them in dubious directions in how and where to invest their fortunes and when these go belly-up these people are no longer to be seen, disappeared, along with the fortunes!!
sometimes the individuals may not listen to sound advice, but be swayed by hangers on and parasites who are more tha happy to assist them spend their cash or happy to borrow money from them, of course with the intention to pay them back for the rent they owe or bad debt they have to pay back!
This is why it is quite important IMHO for those big time promoters, the governing bodies and management teams to devote a small fraction f the sanction fees, the purses etc to a program to educate fighters on how to manage their monies, how to make informed investments and set up pension funds.
A boxer’s career is both short and painful and whilst they dedicate their lives to winning and getting to the top, they need just as much help in holding on to and investing their winnings.
To be honest, fighting is the easy part, holding onto the cash is the real battle, trying to understand potential slave contracts from management and promoters, understanding tax implications and when up front money is not a gift, but a loan and all other sorts of contract mumbo jumbo.
In Holyfield’s case I have never understood why he should be paying out tens of thousands of dollars per month for a daughter who has just finished college? Surely, she should now be in a position to stand on her own two feet? Yes, we all agree child support for children, but for adults I disagree!Posted September 7, 2013 8:05 am
A lot of boxers live the way they fight: All or none. I wish I had $230 million to spend.Posted September 7, 2013 7:43 am
“they could earn more in one night than many other sports athletes earn in a year. ”
“Sports athletes.” Hmmm, is there another kind of athlete I don’t know about?Posted September 7, 2013 7:41 am
Yet Foreman made far more money from his ‘name’ than he ever did from actually boxing.Posted September 7, 2013 7:28 am
Yep, divorce costs these guys a fortune. Why anyone who has a fortune would marry somone who has not is beyond me. After that its usually just down to human nature. Most people work all wekke and sepnd there hard earnt either on bills or enjoying themselves. At the end of the day you cant take it with you. The only mistake these boxers have made is not ensuring their money lasts them until the day they die.Posted September 7, 2013 7:27 am
The ones with brains dont. The ones who who fight and give the fans what they want……ie blood, always lose their money. The ones who box smart and are not in wars generally dont. Of course one or two exceptions, but generally speaking the nutcases end up blowing it……….and have a good time doing it.Posted September 7, 2013 7:26 am
womenPosted September 7, 2013 6:39 am