Sunday, 1 January 2017

Information on how Mike Tyson went Bankrupt!



Mike Tyson’s Expensive Towels : $6000 a week!

We all know Mike Tyson went bankrupt. But here are some unbelievable facts as to why this happened. All legally!

This all happened with Tyson being unfamiliar with contracts & the business. He was being taken advantage of from every angle. Try not to vomit when you read the following.

Several reports online indicate:

·      Tyson was being billed to train in his own house. (est $10K + per week). 

·      Tyson was paying an extravagant amount of money for hand towels. (est $7K + per week). 

·      Several family members of boxing identities were being paid $500 K + per year to act as a consultant for Tyson & to manage fan clubs. No actual work existed according to the reports.


·      Tyson made over $120M from 1995 to 1998. By 2003, he declared bankruptcy. He was legally swindled out of all his money.

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