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superdog · 11 July 2017, 07:40 PM

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 · 11 July 2017, 07:43 PM

My heart bleeds for him.

superdog · 11 July 2017, 08:25 PM

Quote:

Originally Posted by MonBK

My heart bleeds for him.

It does?

ejvette · 11 July 2017, 08:26 PM

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

superdog · 11 July 2017, 08:26 PM

Quote:

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.

MonBK · 11 July 2017, 08:27 PM

Quote:

Originally Posted by superdog

It does?

Seth pay attention, notice the

at the end of the sentence.

superdog · 11 July 2017, 08:35 PM

Quote:

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 · 11 July 2017, 08:38 PM

Quote:

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 · 11 July 2017, 08:39 PM

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

MonBK · 11 July 2017, 08:40 PM

Quote:

Originally Posted by 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

And ate the wrong food.

ejvette · 11 July 2017, 08:42 PM

Quote:

Originally Posted by MonBK

And ate the wrong food.

Exactly!!

rph08 · 11 July 2017, 08:44 PM

Quote:

Originally Posted by MonBK

And ate the wrong food.

Have you guys priced good ear meat these days?! It's totally out of control!

padi56 · 11 July 2017, 08:45 PM

Quote:

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 · 11 July 2017, 08:48 PM

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

topgear · 11 July 2017, 08:54 PM

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

Ruud Van Driver · 11 July 2017, 08:56 PM

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.

superdog · 11 July 2017, 09:05 PM

Quote:

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.

brandrea · 11 July 2017, 09:13 PM

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 · 11 July 2017, 09:24 PM

Quote:

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.

Etschell · 11 July 2017, 09:25 PM

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.

MonBK · 11 July 2017, 09:48 PM

Quote:

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 · 11 July 2017, 09:55 PM

Quote:

Originally Posted by MonBK

Whaaat?

First stop not a Rolex AD?

That's my fourth stop!!

And then I'm making it rain!!!

Bluside · 11 July 2017, 10:08 PM

Quote:

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.

rr-nyc · 11 July 2017, 10:33 PM

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 · 11 July 2017, 10:45 PM

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.

Etschell · 11 July 2017, 10:56 PM

Quote:

Originally Posted by 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.

Should and does are two distinct things.

You know the old saying, if you owe the bank 1 million dollars the bank owns you if you owe the bank 1 billion dollars you own the bank.

The irs negotiates quite often with people and allows them extensions. I'm sure he paid some type of estimated tax.

Not on his side I just see it all the time.

superdog · 11 July 2017, 10:58 PM

Quote:

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.

Ferdelious · 11 July 2017, 10:59 PM

Some of these guys do it right, for example Oscar De La Hoya and George Forman. They used their fame and success in the ring to catapult them into other business ventures. Mayweather is all about spending his money and showing off.

Etschell · 11 July 2017, 11:02 PM

Quote:

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 · 11 July 2017, 11:08 PM

Quote:

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.

11 July 2017, 07:40 PM	#1
superdog 2024 Pledge Member Join Date: Oct 2011 Real Name: Seth Location: nj Watch: Omega Posts: 24,709	Mayweather is broke? 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 __________________ If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff)

11 July 2017, 08:26 PM	#4
ejvette 2024 ROLEX DATEJUST41 Pledge Member Join Date: Apr 2014 Real Name: Ed Location: East Hampton NY Watch: me break clays.. Posts: 7,495	Most of these idiots live so large they hemorrhage money until its gone __________________ Rolex•Omega•Breitling•Grand Seiko "The only difference between crazy and eccentric is the size of ones bank account" Anonymous * Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons *

11 July 2017, 08:39 PM	#9
ejvette 2024 ROLEX DATEJUST41 Pledge Member Join Date: Apr 2014 Real Name: Ed Location: East Hampton NY Watch: me break clays.. Posts: 7,495	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 __________________ Rolex•Omega•Breitling•Grand Seiko "The only difference between crazy and eccentric is the size of ones bank account" Anonymous * Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons *

11 July 2017, 08:56 PM	#16
Ruud Van Driver "TRF" Member Join Date: Oct 2014 Real Name: Chopped Liver Location: S. Wales Valleys Watch: Mickey Mouse Posts: 9,924	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. __________________ 116520 Black, 116610 LVc, 116660 D-Blue, 116610 LNc, 116622 Blue, PAM359, PAM689, PAM737 *"Why should you allow an AD to shake you down, just so you can buy a watch" - Grady Philpott* Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons

11 July 2017, 09:25 PM	#20
Etschell "TRF" Member Join Date: Dec 2013 Location: FL Watch: platinum sub Posts: 15,884	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. __________________ If you wind it, they will run. 25 or 6 to 4.

11 July 2017, 07:43 PM	#2
MonBK Banned Join Date: Nov 2010 Location: Kingstown Posts: 58,281	My heart bleeds for him.

11 July 2017, 08:48 PM	#14
Kostas 2024 ROLEX DATEJUST41 Pledge Member Join Date: Jul 2016 Location: Australia Watch: @ kostastimepieces Posts: 5,244	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

11 July 2017, 08:54 PM	#15
topgear "TRF" Member Join Date: Sep 2011 Location: Middle East Watch: 116710 LN, PAM390 Posts: 883	It is insane that these people with such money can go broke purely due to their reckless lifestyle

11 July 2017, 09:13 PM	#18
brandrea 2024 Pledge Member Join Date: Jul 2013 Real Name: Brian (TBone) Location: canada Watch: es make me smile Posts: 74,333	It's incredible really. You'd think the first thing they'd do is come up with a financial plan for all their winnings.

11 July 2017, 10:33 PM	#24
rr-nyc Liar & Ratbag Join Date: Nov 2009 Real Name: Renato Location: NYC / Miami Beach Watch: Rolex Daytona Posts: 5,344	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.

11 July 2017, 10:45 PM	#25
greggsiam "TRF" Member Join Date: Dec 2014 Real Name: Gregg Location: Bangkok Posts: 694	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.

11 July 2017, 10:59 PM	#28
Ferdelious 2024 Pledge Member Join Date: May 2013 Real Name: Matt Location: Tampa, FL Watch: Hulk/SD4K/SeaQ/P39 Posts: 3,182	Some of these guys do it right, for example Oscar De La Hoya and George Forman. They used their fame and success in the ring to catapult them into other business ventures. Mayweather is all about spending his money and showing off. __________________ Why is it, "A penny for your thoughts," but, "you have to put your two cents in?" Somebody's making a penny.

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