Where did Roy Jones Jr.'s $$$ go?

Discussion in 'World Boxing Forum' started by adisclaimer, Dec 12, 2011.


  1. nastynas

    nastynas Boxing Addict Full Member

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    It's not. He fought Max Alexendar last weekend in front of 40 people and videotaped by a random guy with a camcorder.

    Ring mag hinted for many years that he lost a ton with that stupid rap label he had.
     
  2. Bazt3k

    Bazt3k Guest

    Where is ur dp from bud?
     
  3. Achille

    Achille New Member Full Member

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    I heard he didn't even get paid his due for the Trinidad fight because Don King wanted options on him for his next fight. Since Jones wanted to be independent for the Calzaghe fight he told Don King to keep the money. Similar to recently Tito told Don King could keep the money that was owed to him from the Jones match.
     
  4. Marnoff

    Marnoff Obsessed with Boxing Full Member

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    I haven't read anything recently to suggest he's having financial difficulties, but that doesn't mean anything one way or the other. The fact is that most people in the world will suffer financially regardless of their salaries/incomes because they mismanage the money they have.

    It's not how much you make, it's how much you keep - and how much flows to your bottom line into income-generating assets such as dividend producing stocks or passive income through rental real estate. The fact that most people live on one stream of income is disconcerting.
     
  5. Imperial1

    Imperial1 VIP Member Full Member

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    Would not surprise me ..King always knows how to win ..
     
  6. Judged Mental

    Judged Mental CHB4Lyfe/ESB4Stryfe Full Member

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    Glass investment skillz? :think
     
  7. Rico Spadafora

    Rico Spadafora Master of Chins Full Member

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    Dan Rafael mentioned it on his Monday Scorecard on ESPN.com yesterday. It is right there for everyone to read. These fanboys that keep saying Jones his worth millions are fools. He has no money.
     
  8. Kampioni

    Kampioni Good Boy Full Member

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    I wouldnt take Rafael's word for ****
     
  9. Phanekim

    Phanekim Well-Known Member Full Member

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    he's been quite a failiure with his promotion business.
     
  10. pong

    pong Boxing Addict Full Member

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    For many, it's tough to explain. Jones, former associates say, did everything right in the '90s. He cut a sweetheart deal with HBO -- details of which are in the Scorecard essay in this week's Sports Illustrated -- that made him one of the richest men in boxing. He rarely got involved with big promoters, instead running his own company, Square Ring, which ensured he maximized his profits. He didn't fight often on pay-per-view but when he did, he did well, accumulating 3.7 million buys that generated $178 million in revenue.
    And he was a rock star. Jones routinely generated the highest ratings on HBO, which is why the network was willing to pay a premium -- and swallow plenty of mismatches -- to keep him there. Former HBO Sports president Seth Abraham tells a story of how he flew with Jones to an awards show after his win over Eric Harding in 2000 and how "everyone wanted a picture taken with Roy."
    So where did it go wrong? The music industry, for starters. Jones invested millions in his label, Body Head Entertainment, only to lose it all when the company struggled. He blames music piracy for that. Jones admits that a former accountant once stole from him, and Florida tax records show Jones has had at least six million in liens against his properties. Former associates tell tales of expensive entourages ("Roy had two or three people doing the same job," says one ex-employee) and a lavish lifestyle that siphoned money away quickly.


    Read more: http://sportsillustrated.cnn.com/2011/writers/chris_mannix/12/14/roy-jones/index.html#ixzz1giJLdRYm
     
  11. timmyjames

    timmyjames PTurd curb stomper Full Member

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    chin checker turned bank account checker


    rjj has a glass bank account
     
  12. Thomas!!

    Thomas!! Guest

    the more money you have the more you can spend
     
  13. Bigfatbaz UK

    Bigfatbaz UK Member Full Member

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    I wouldn't mind if my bank account was a dollar behind his.
     
  14. gr33nfather

    gr33nfather Well-Known Member Full Member

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  15. C.J.

    C.J. Boxings Living Legend revered & respected by all Full Member

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    With the HBO fights so long between them I doubt Roy makes that much per year from HBO. Mike Tyson himself answered the question....... How come you're filing bankruptsy Mike? You made $34 mil last year ?? Mike replied " Easily I spent $36mil"