Expect Holyfield to continue fighting

dsimon writes:

Its just never that simple my friend. We learn that time and time again. The amount of money one makes will never guarantee anything in the long run. And a lot of the reason for this with boxers is because of a lot of people robbing them!

People like King, who obviously knows the value of a buck, could transfer that knowledge to fighters, but again it is in his best interest not to isn't it?

 

dsimon writes:

Finally somoene with some sense regarding this matter.

And lets not forget that Holmes, a man who developed business smarts and came to understand how King's fees are structured flat out called King a crook before it was even fashionable to do so. Arum is no better BTW.

 

Oh please. Take it to the bank and depending on the deposit rate, he´ll cash 2-4 million dollars worth of interest.

 

how many boxers out there are fiscal wizards?

they have guys to manage that aspect of their career. if the people they hire get swindled by king then it becomes the boxers responsibility to replace them.

I love people who whine and complain that king is robbing everyone and ruining boxing, when in fact the guy has promoted a majority of the greatest fights of all time.

the business of boxing isn't ethical or gentlemanly, and I challenge you to find any promoters who are.

you want to suggest holyfield (1 L not 2) didn't receive his entire purses from king, then prove it otherwise shut the fuck up. the nevada commission reports those figures for his major fights in vegas.

 

:hammert::hammertaladio style, I like it

 

holmes doesn't seem too angry at how his career turned out with don king on friday night fights. go figure.

 

dsimon writes:

Well thats where we disagree. To you it is ok that the business of boxing is not ethically conducted. And its ok to you because there are other scumbags out there also. BTW didn't King have his son representing boxers in negotiations with him so they WOULDN"T GET swindled? I guess to your sorry ass thats ok provided other promoters would do the same thing? right?

Fuck you Neil fuck you because yes you are 100% right.... King has promoted a lion's share of great fights, and he is arguably no more a scumbag than other guys doing the same thing, and yes an adult should be able to see to their interests and many boxers do not.

But none of your rightness is any excuse for boxers being cheated, for nobody creating a mandatory system to put funds into for retired boxers from the gate, and for usary standards that are predatory in nature, but get pushed under the rug because these are unregulated standards.

So yeah you are right but you are also a scumbag to be ok with this behavoir, to consider it acceptable.

 

dsimon writes:

You know what? Force fighters to take a % and do this because obviously most of them do not. Ditto for other high rollers. Do you honestly think you are the first one to say they would do this? Nobody ever got the brilliant idea to live off the interest of a small fortune?

 

dsimon writes:

He only disowned king, called him a crook and started his own promotion company to get rid of King... go figure and lets not forget most of the talented heavy weights of the eighties who King fucked over.

 

great. just let me know when you're going to get on your soapbox at the start of your post so I can simply ignore the rest, just as I press mute when teddy atlas starts in with this malarchy.

larry holmes was quite complimentary of don king today when he was on espn, for giving him an opportunity when no one else would.

 

That house is ridiculous. 550K on landscaping? What a fuckin waste!

$3000 a month for one kid. Assuming he pays the same for all 11 of his kids, he's forking over 396K for child support each year. Holyfield is going to be a happy man when that last kid turns 18. That's about the time he'll finally retire I reckon.

 

dsimon writes:

And you maintain that simple display somehow cancells out the entire history of Holmes and King prior to? :::doh:

You are a jackass. I am going on my soap box so you are warned:

It is customery now to revisit King with accolodes and with an awe shucks type of acceptance. That is truly sad.

 

I am going to assume you are a liberal democrat Dsimon. You don't believe in self-responsibility.

 

-That child support figure is a shame. It should be a weighted system based on the cost of child care, not a cash-out system for sleeping with someone famous. Then again, I also think Alimony is garbage, so my opinion overall is skewed.

-Foreclosures don't happen overnight. That type of real estate can be sold, even at a loss compared to purchase price, AND in a down market, with Holyfield needing no further money on it, if he sells within the past six months and has his handlers work aggressively (overseas included!) Even RENTING it when he wasn't there could've offset some money. Parse it out to other people on a rent-to-buy transition for wealthy (and maybe just as naive) celebrities...sell it outright to wealthy (and likely "old money, fiscally responsible) families. If you end up broke because of it, then you couldn't afford it to begin with.

-He (as well as any former professional athlete) can generate income, by selling their image. I don't understand how this is understood by a tiny minority of pro athletes. Their agents should be teaching them classes on this stuff for all of the commisions they've reaped over the years...

-Random political jab: somehow, I don't think those tax cuts and benefits were going to the community in Holyfield's case, unless you count a highly trafficked bedroom...

-Random spiritual comment: Guys like Holyfield don't need religious guidance; they need a friggin LEASH. Don't sleep around, don't get too extravagant for your own good, don't show too much pride, and get help when you need it. Those are basic tenets of any spiritual following, let alone a Christian man. Ultimately, his lack of the last point may be more telling than any individual discretion.

 

can you explain why of all the major sports where athletes make millions, boxers appear to have the highest percentage that end up in financial ruin?

 

Can you guarantee he won't have more kids down the line? Which means Holyfield will continue fighting until he dies. It's possible.

 

Boxers have alot more free time then the average athlete from other sports. If they are earning 7 figures or more they are usually fighting once or twice a year. With anything from 6 weeks to 12 weeks of training camp. That leaves around 6 Months of the year when they are not working. Thats alot of free time especially when you are rich.

Athletes in team sports are usually working around 9 Months or more of the year and they have owners and coaches to answer to.

 

nonsense...athletes have sports agents and financial consultants handling and looking over their money. sports agents haven't been able to make significant inroads into boxing becasuse the promoters have so much power. a guy like don king would have never made it in sports outside of boxing...once he screwed the first guy no one else would have dealt with him and the unions, along with ownership would have most certainly not sat back quietly.

historically boxers have poor representation when it concerns their personal finances...any idiot with a silver tongue could come along and rape them of millions without any oversite.

 

one reason may be that these other athletes aren't receiving constant trauma to their brains. that can't be good for the decision making process. obviously boxing is the black sheep of sports without a union or pension and these guys aren't going to end up as well off as nba and mlb guys.

in holyfields case it appeared he had a guy in jim thomas who genuinely had his best financial interests in mind, but they parted ways when holyfield refused to listen when thomas suggested that he retire.

 

dsimon writes:

Just keep something in mind Neil. One does not have to believe that it is all the promoter's fault, anymore than they do it is all the fighter's fault, etc. I mean there are a lot of reasons why a lot of fighters wind up broke. Boxers should push for mandatory programs that help for the future and boxing has been resistant to these programs. If mandatory programs were put in place before... Everyone would do better.

 

True. By the time his 11th kid will turn 18, he'll probably be at kid number 16.
How much does a vascetomy cost? That could've been a good investment a few years ago.

 

tell this to retired NFL players...

 

You would think so, but then why does he keep coming out of retirement and making big fights?
Also I have a question, as rich as some people are why don't some of them ever do 2 simple things. Pay their taxes, and pay off their fucking house early? I mean you always hear about guys who lose almost everything because they didn't pay taxes and then they lose their house because it isn't paid for.

And yes. Holyfield is paying for the fact that he never felt the need or responsibility to at least strap on a condom if he was going to sleep around like a rock star. Complete lunacy. I wonder how well Shawn Kemp is doing these days?

 

lots of them are ending up broke with serious health problems, that seems to be a big issue with gene upshaw at the moment. notice i didnt mention nfl along with mlb and nba

 

trinidad keeps coming back for 8 figure paydays, who can blame him.

 

People who put higher number of brain cells over higher number of dollars.

 

that is a lot of zeroes, hard to say how much value you would put on your braincells if you were presented with an opportunity to earn that much money.

 

Good luck finding people like that.