Mayweather is broke?

[superdog]

Seems like the real motivation for the fight is emerging.

Hard to believe he is broke. But at the rate he spends money, I suppose it was bound to happen. He better think of something fast. This 100 million will be gone before he knows it. And the cost of upkeep for his current assets has got to be
astronomical.

https://www.yahoo.com/sports/floyd-m...51.html?exp=vv

[MonBK]

My heart bleeds for him.

[superdog]

Originally Posted by MonBK

My heart bleeds for him.

It does?

[MonBK]

Originally Posted by superdog

It does?

Seth pay attention, notice the at the end of the sentence.

[superdog]

Originally Posted by MonBK

Seth pay attention, notice the at the end of the sentence.

Lmao. I was trying to be funny.

I knew what you meant.

My wife always tells me "stop trying, it never works".

[MonBK]

Originally Posted by superdog

Lmao. I was trying to be funny.

I knew what you meant.

My wife always tells me "stop trying, it never works".

I know, who listens to their wifes?

[ejvette]

Perfect example Mike Tyson had career earnings of 685M and he's broke not because he made bad investments or bad businesses decisions but he pissed it away literally

[Ruud Van Driver]

If he had that many brain cells, he wouldn't be in the ring attempting to knock someone's block off before they reciprocate the intention. There's not many intelligent boxers out there.

[ejvette]

Most of these idiots live so large they hemorrhage money until its gone

[superdog]

Originally Posted by ejvette

Most of these idiots live so large they hemorrhage money until its gone

You would think some of them would learn by watching others.

[padi56]

Originally Posted by MonBK

My heart bleeds for him.

Have to agree but they do say a fool and his money is soon parted.

[Kostas]

He's not broke , it's just not liquid , have you seen his properties and cars?

That's why he is trying to make a deal so he can pay his tax debt with the proceeds of this fight

Who going to help him and buy your $80+ppv

[superdog]

Originally Posted by Kostas

He's not broke , it's just not liquid , have you seen his properties and cars?

That's why he is trying to make a deal so he can pay his tax debt with the proceeds of this fight

Who going to help him and buy your $80+ppv

All those assets take massive liquid funds to maintain. Imagine his monthly nut just for his landscaping.

If he can't pay his bills, imho, he's broke.

[VICI]

Originally Posted by Kostas

He's not broke , it's just not liquid , have you seen his properties and cars?

That's why he is trying to make a deal so he can pay his tax debt with the proceeds of this fight

Who going to help him and buy your $80+ppv

$6mm debt must be too hard to swing.

Come on.. if he's not keeping liquid cash, he's stupid. And if he can't get a line of credit within 2 business days from his bank, he's dealing with the wrong bank.

Either way, he should be embarrassed.

[topgear]

It is insane that these people with such money can go broke purely due to their reckless lifestyle

[brandrea]

It's incredible really. You'd think the first thing they'd do is come up with a financial plan for all their winnings.

[superdog]

Originally Posted by brandrea

It's incredible really. You'd think the first thing they'd do is come up with a financial plan for all their winnings.

Exactly!

Same with lotto winners that go broke.

It's shocking really.

First stop, attorney. Second stop, accountant. Third stop, a different attorney appointed simply to oversee the first two. Pay a couple of bucks, save tens of millions.

Seems simple.

[MonBK]

Originally Posted by superdog

Exactly!

Same with lotto winners that go broke.

It's shocking really.

First stop, attorney. Second stop, accountant. Third stop, a different attorney appointed simply to oversee the first two. Pay a couple of bucks, save tens of millions.

Seems simple.

Whaaat?

First stop not a Rolex AD?

[superdog]

Originally Posted by MonBK

Whaaat?

First stop not a Rolex AD?

That's my fourth stop!!

And then I'm making it rain!!!

[Bluside]

Originally Posted by superdog

That's my fourth stop!!

And then I'm making it rain!!!

I'm sure he did that one too many times. At least I hope he did.

[hugs]

Originally Posted by superdog

Exactly!

Same with lotto winners that go broke.

It's shocking really.

First stop, attorney. Second stop, accountant. Third stop, a different attorney appointed simply to oversee the first two. Pay a couple of bucks, save tens of millions.

Seems simple.

The problem is if someone is dumb enough to need a team to stop them going broke they wouldn't know to employ one in the first place.

That could be a good idea though if lottery winners were given this compulsorily as part of the win...

[superdog]

Originally Posted by hugs

The problem is if someone is dumb enough to need a team to stop them going broke they wouldn't know to employ one in the first place.

That could be a good idea though if lottery winners were given this compulsorily as part of the win...

Agree. Should be mandatory.

Not the same thing, but I got lucky a few years ago. I had a few boutique fitness centers and a larger competitor thought it would be good to add three stores and get rid of me at the same time.

A relatively small sum. But I'd seen this type if thing happen to people in the past. My accountant was with me every step if the way. I accounted for what my taxes would be, before I even agreed to the deal. I then opened up a savings account and parked that loot there waiting for tax day.

I paid for my wedding, my house and set my wife and I up with a good start to a retirement. I might have gotten trigger happy with a few watch purchases as well.

But otherwise it was business as usual. I'm by no means wealthy, but we live a pretty nice comfortable life.

Best move I ever made. And I learned what to do, simply by watching other people make mistakes.

[hugs]

Originally Posted by superdog

Agree. Should be mandatory.

Not the same thing, but I got lucky a few years ago. I had a few boutique fitness centers and a larger competitor thought it would be good to add three stores and get rid of me at the same time.

A relatively small sum. But I'd seen this type if thing happen to people in the past. My accountant was with me every step if the way. I accounted for what my taxes would be, before I even agreed to the deal. I then opened up a savings account and parked that loot there waiting for tax day.

I paid for my wedding, my house and set my wife and I up with a good start to a retirement. I might have gotten trigger happy with a few watch purchases as well.

But otherwise it was business as usual. I'm by no means wealthy, but we live a pretty nice comfortable life.

Best move I ever made. And I learned what to do, simply by watching other people make mistakes.

Great discipline

If I ever became very wealthy I would buy nice things but based on value not price i.e. enjoy the finer things that I can get out of without taking a bath once I get bored of it

[Etschell]

of course he is. type of guy that wagers $1 mil on single sports bets goes broke quick. he will never be poor though. he is floyd.

[rr-nyc]

Did he just learn about income tax or was it that difficult for him to set aside a chunk of his earnings to pay taxes?

Considering this is for his 2015 taxes, the IRS should deny his request and make the guy pay up now.

This guy will be bankrupt within a few years of his last fight.

[greggsiam]

These guys never really earned it in the sense that they built something from the ground up, watched it grow, and made all the correct business decisions along the way.

[superdog]

Originally Posted by greggsiam

These guys never really earned it in the sense that they built something from the ground up, watched it grow, and made all the correct business decisions along the way.

Good point.

Never looked at it that way.

[Etschell]

Originally Posted by superdog

Good point.

Never looked at it that way.

if there is one thing he did it is earn it.

name me 1 undefeated fighter at that level. there are none.

he also got into producing fights. floyd is self made. he is smart. he appears to be not the wisest in terms of spending money.

let me put it this way he is about to fight a guy who isnt a professional boxer and earn 100 million. no one else in history has ever done that.

im not even a fan.

[GB-man]

Originally Posted by Etschell

if there is one thing he did it is earn it.

name me 1 undefeated fighter at that level. there are none.

he also got into producing fights. floyd is self made. he is smart. he appears to be not the wisest in terms of spending money.

let me put it this way he is about to fight a guy who isnt a professional boxer and earn 100 million. no one else in history has ever done that.

im not even a fan.

I was going to say is that a joke? Sounded like he was naming exactly what he DID do.

Crazy he can blow through all that. The man should be approaching a billionaire the way his pay checks are written.

[Cobain]

Originally Posted by greggsiam

These guys never really earned it in the sense that they built something from the ground up, watched it grow, and made all the correct business decisions along the way.

What nonsense is that?

Dedicating time and your energy to train instead of going to college or even having a job is a decision.
Staying fit and at peak performance is his job, thats what he gets paid for.

Seeing him going from amateur to pro to contender until finally he is champion is him building it from the ground up, that hard earned money just as much as starting your business from a garage.