Boxing News Thread
- Thread starter heyzel
- Start date
His handlers are doing a great job with him IMO. They're putting him in there with experienced fighters that might not be much threat of shutting his lights off. Gamboa is exciting and highly talented, he's just extremely cocky and that's going to cause him to get put his ass every now and then and possibly ko'd. He's also a gold medalist which adds to people wanting to see him fight.
As of right now he's in there with guys that really can't put many people away, besides Jimenez who I've seen knock people unconscious including a former world champ, and he's getting too cocky. I can't imagine in the gym or after the fight they don't make any mention of it but it is what it is. Hopefully when he gets matched up with higher level competition he stops all that fucking around.
As for Solis .. Solis usually fights in that style, overweight or not. He does need to stop coming in fucking fat though because it's gonna cost sooner or later.
As of right now he's in there with guys that really can't put many people away, besides Jimenez who I've seen knock people unconscious including a former world champ, and he's getting too cocky. I can't imagine in the gym or after the fight they don't make any mention of it but it is what it is. Hopefully when he gets matched up with higher level competition he stops all that fucking around.
As for Solis .. Solis usually fights in that style, overweight or not. He does need to stop coming in fucking fat though because it's gonna cost sooner or later.
I thought Gamboa did show improvement and more maturity despite the early flash knock down. He seemed more patient with his shots and was less sloppy, less wild.
And the thing with Gamboa is he is no amir khan. I'll tell you why- amir khan would get HURT as well as being knocked down in several fights before getting KO'd. Amir Khan looked so fucked up after getting hit by any decent shot. You could just tell that he had a glass jaw and that any decent guy with power would knock him out. Gamboa on the other hand has been knocked down 3 or 4 times now, but I've never seen him hurt. It's weird, it always happens early in the fight, like he needs to adjust to getting hit or something. All of his knock downs have been flash knock downs. He never looks wobbly, or dazed, etc. Just gets caught early, falls and jumps right back up like nothin happened. Now that could mean several things, including having a weak chin. But even then it's not the end of the world. Diego Corrales got knocked down millions of times and he had a terrific career, mainly because he always got back up.
He clearly still needs to improve but for a guy that's only been fighter for over a year he's on the right path.
And the thing with Gamboa is he is no amir khan. I'll tell you why- amir khan would get HURT as well as being knocked down in several fights before getting KO'd. Amir Khan looked so fucked up after getting hit by any decent shot. You could just tell that he had a glass jaw and that any decent guy with power would knock him out. Gamboa on the other hand has been knocked down 3 or 4 times now, but I've never seen him hurt. It's weird, it always happens early in the fight, like he needs to adjust to getting hit or something. All of his knock downs have been flash knock downs. He never looks wobbly, or dazed, etc. Just gets caught early, falls and jumps right back up like nothin happened. Now that could mean several things, including having a weak chin. But even then it's not the end of the world. Diego Corrales got knocked down millions of times and he had a terrific career, mainly because he always got back up.
He clearly still needs to improve but for a guy that's only been fighter for over a year he's on the right path.
No one posted about Arum attempting to revive a solo boxeo style show? Peep ..
When Spanish-language network Telefutura canceled "Solo Boxeo" for economic reasons on Nov. 8, the news came like a shot to the gut to boxing fans. When the popular two-hour, live Friday night boxing series aired for the final time on Dec. 19, after an eight-year run, it left a huge void.
But that void will be filled thanks to Top Rank's new deal with Spanish-language Azteca America, promoter Bob Arum told ESPN.com.
Arum's company, which has a heavily Hispanic roster of fighters, promoted most of Telefutura's cards. For the past year or so, Top Rank has done sporadic fights on Azteca America -- a sister network of Mexico's TV Azteca, launched in July 2001 -- in conjunction with Fernando Beltran's Zanfer Promotions, the Mexican-based company that has partnered with Top Rank to promote fighters such as Erik Morales and Julio Cesar Chavez Jr.
But those sporadic cards will become regular and plentiful on Azteca America, which reaches 89 percent of the total Hispanic population in the U.S., according to its corporate Web site. Not to mention all the non-Hispanic homes where fight fans live.
Canchila, Segura
AP Photo/Eric Jamison
With fights like Cesar Canchila-Giovanni Segura 2 on Azteca America, boxing fans will soon forget about the now-defunct "Solo Boxeo" show.
Arum said the exact number of shows hasn't been determined, but it looks like "as many as 52 or as little as 36" in 2009. Top Rank promoted 24 Telefutura cards in 2008.
"To a large degree, this is replacing Telefutura," Arum said. "The big difference is that each of these shows will be shown in Mexico, where boxing is really hot, as well as in the United States. That gives it added clout, added resources, added everything. Telefutura was only in the United States, but the place where boxing is booming is Mexico."
Most of the cards will take place in Mexico, but there will also be shows in California and the Southwest, Arum said.
Another big difference is the new series, which is still untitled, will air some cards on Friday nights and some on Saturday nights. They also will start in prime time on the West Coast.
When Telefutura televised boxing, it was locked into a 9 p.m. ET start, which moved to an 8 p.m. start later in the run.
"We won't have that stupid 5 p.m. time for cards to start on the West Coast like we had with Telefutura," Arum said. "That was impossible. It made it really hard on the venues and on fans, who were still at work when the fights started. With this new series, we will combine our organization with Beltran's organization to put on a lot of fights."
The five shows already in the works have a look similar to the kind of cards that were on "Solo Boxeo." The shows in the works:
• Featherweight contender Orlando Salido and former lightweight champ Jose Luis Castillo are supposed to be in separate bouts on Jan. 17 in Hermosillo, Mexico.
• Featherweight Jorge Solis and Monty Meza-Clay will meet Jan. 31 in Guadalajara in a title eliminator. The winner becomes the mandatory challenger for Cristobal Cruz.
• A doubleheader involving lightweight contender Urbano Antillon and featherweight prospect Mikey Garcia is in the works, scheduled for Feb. 6 in Maywood, Calif.
• Interim strawweight titleholder Manuel Vargas is slated for action Feb. 14 in Lagos de Moreno, Mexico.
• Interim junior flyweight titleholder Cesar Canchila faces Giovanni Segura in a rematch on Feb. 28 in Toluca, Mexico. Canchila claimed the vacant interim belt with an exciting decision against Segura on the July 26 Antonio Margarito-Miguel Cotto undercard. Also in Toluca, Francisco Arce, the brother of Jorge Arce, is supposed to face South Africa's Simphiwe Ndogqayi in a junior bantamweight eliminator.
"This is our first wave," Arum said. "We're going to have another series that I am not telling anybody details about yet. We're going to have maybe two times the number of shows in '09 that we had in '08. We had about 45 in '08. We may have 75 or more [in '09]."
.....
This is fucking excellent news.
When Spanish-language network Telefutura canceled "Solo Boxeo" for economic reasons on Nov. 8, the news came like a shot to the gut to boxing fans. When the popular two-hour, live Friday night boxing series aired for the final time on Dec. 19, after an eight-year run, it left a huge void.
But that void will be filled thanks to Top Rank's new deal with Spanish-language Azteca America, promoter Bob Arum told ESPN.com.
Arum's company, which has a heavily Hispanic roster of fighters, promoted most of Telefutura's cards. For the past year or so, Top Rank has done sporadic fights on Azteca America -- a sister network of Mexico's TV Azteca, launched in July 2001 -- in conjunction with Fernando Beltran's Zanfer Promotions, the Mexican-based company that has partnered with Top Rank to promote fighters such as Erik Morales and Julio Cesar Chavez Jr.
But those sporadic cards will become regular and plentiful on Azteca America, which reaches 89 percent of the total Hispanic population in the U.S., according to its corporate Web site. Not to mention all the non-Hispanic homes where fight fans live.
Canchila, Segura
AP Photo/Eric Jamison
With fights like Cesar Canchila-Giovanni Segura 2 on Azteca America, boxing fans will soon forget about the now-defunct "Solo Boxeo" show.
Arum said the exact number of shows hasn't been determined, but it looks like "as many as 52 or as little as 36" in 2009. Top Rank promoted 24 Telefutura cards in 2008.
"To a large degree, this is replacing Telefutura," Arum said. "The big difference is that each of these shows will be shown in Mexico, where boxing is really hot, as well as in the United States. That gives it added clout, added resources, added everything. Telefutura was only in the United States, but the place where boxing is booming is Mexico."
Most of the cards will take place in Mexico, but there will also be shows in California and the Southwest, Arum said.
Another big difference is the new series, which is still untitled, will air some cards on Friday nights and some on Saturday nights. They also will start in prime time on the West Coast.
When Telefutura televised boxing, it was locked into a 9 p.m. ET start, which moved to an 8 p.m. start later in the run.
"We won't have that stupid 5 p.m. time for cards to start on the West Coast like we had with Telefutura," Arum said. "That was impossible. It made it really hard on the venues and on fans, who were still at work when the fights started. With this new series, we will combine our organization with Beltran's organization to put on a lot of fights."
The five shows already in the works have a look similar to the kind of cards that were on "Solo Boxeo." The shows in the works:
• Featherweight contender Orlando Salido and former lightweight champ Jose Luis Castillo are supposed to be in separate bouts on Jan. 17 in Hermosillo, Mexico.
• Featherweight Jorge Solis and Monty Meza-Clay will meet Jan. 31 in Guadalajara in a title eliminator. The winner becomes the mandatory challenger for Cristobal Cruz.
• A doubleheader involving lightweight contender Urbano Antillon and featherweight prospect Mikey Garcia is in the works, scheduled for Feb. 6 in Maywood, Calif.
• Interim strawweight titleholder Manuel Vargas is slated for action Feb. 14 in Lagos de Moreno, Mexico.
• Interim junior flyweight titleholder Cesar Canchila faces Giovanni Segura in a rematch on Feb. 28 in Toluca, Mexico. Canchila claimed the vacant interim belt with an exciting decision against Segura on the July 26 Antonio Margarito-Miguel Cotto undercard. Also in Toluca, Francisco Arce, the brother of Jorge Arce, is supposed to face South Africa's Simphiwe Ndogqayi in a junior bantamweight eliminator.
"This is our first wave," Arum said. "We're going to have another series that I am not telling anybody details about yet. We're going to have maybe two times the number of shows in '09 that we had in '08. We had about 45 in '08. We may have 75 or more [in '09]."
.....
This is fucking excellent news.
Israel Vazquez Will Stay Put For Juanma, Marquez Part 4
By Mark Vester
WBC super bantamweight champ Israel Vazquez is willing to remain at 122-pounds for potential fights with WBO champ Juan Manuel Lopez and a fourth meeting with Rafael Marquez. Vazquez is recovering from surgery to correct a detached retina. Vazquez is looking at a move to featherweight to claim another title and may target WBC champ Oscar Larios. Vazquez fought Larios three times. He stopped Larios in 1997, Larios stopped him in 2002 and Vazquez stopped him again in 2005.
"I want to show that I can fight at featherweight, against the best opponents. If God wants it, I am ready for bigger things. If I stay at 122-pounds, it would be for Juanma Lopez or Marquez, but if those things don't come about - a fourth fight with Oscar Larios at featherweight for the WBC title," Vazquez told ESTO .
"I love this sport. I have to must show that I am not only in this for the money, but to give something to those who believe in me
By Mark Vester
WBC super bantamweight champ Israel Vazquez is willing to remain at 122-pounds for potential fights with WBO champ Juan Manuel Lopez and a fourth meeting with Rafael Marquez. Vazquez is recovering from surgery to correct a detached retina. Vazquez is looking at a move to featherweight to claim another title and may target WBC champ Oscar Larios. Vazquez fought Larios three times. He stopped Larios in 1997, Larios stopped him in 2002 and Vazquez stopped him again in 2005.
"I want to show that I can fight at featherweight, against the best opponents. If God wants it, I am ready for bigger things. If I stay at 122-pounds, it would be for Juanma Lopez or Marquez, but if those things don't come about - a fourth fight with Oscar Larios at featherweight for the WBC title," Vazquez told ESTO .
"I love this sport. I have to must show that I am not only in this for the money, but to give something to those who believe in me
Juanma vs. Penalosa, Montiel vs. Morel Swirling Around
By Mark Vester
Peter Rivera of Puerto Rico Best Boxing has a few potential bouts that he wants to come together. Based on the circumstances, they may. Rivera says that WBO super bantamweight champion Juan Manuel Lopez will return on HBO on April 4. Lopez's co-promoter Top Rank is trying to get Gerry Penalosa as the opponent. Penalosa is the WBO bantamweight champion.
Eric Morel is the mandatory challenger to Penalosa's title. The purse bid was recently postponed by the WBO. If Penalosa takes the fight with Juanma, he will get stripped of his title. Recently WBO super flyweight champ Fernando Montiel made it known that he is unable to make weight for a proposed March fight with Nonito Donaire. Montiel plans to move up to bantamweight. Rivera says that Montiel and Morel would likely battle for the vacant title that Penalosa would leave behind.
"Penalosa is the first choice to fight Juanma, and if Penalosa decides to that, Morel would have to fight another opponent. Penalosa, as champion, would get the first ranking position upon moving up to 122-pounds. An Fernando Montiel, who is going to move up to 118-pounds and is the champion of 115, would also get place in the highest ranking position and Morel would have to fight with him," Rivera told El Nuevo Dia.
By Mark Vester
Peter Rivera of Puerto Rico Best Boxing has a few potential bouts that he wants to come together. Based on the circumstances, they may. Rivera says that WBO super bantamweight champion Juan Manuel Lopez will return on HBO on April 4. Lopez's co-promoter Top Rank is trying to get Gerry Penalosa as the opponent. Penalosa is the WBO bantamweight champion.
Eric Morel is the mandatory challenger to Penalosa's title. The purse bid was recently postponed by the WBO. If Penalosa takes the fight with Juanma, he will get stripped of his title. Recently WBO super flyweight champ Fernando Montiel made it known that he is unable to make weight for a proposed March fight with Nonito Donaire. Montiel plans to move up to bantamweight. Rivera says that Montiel and Morel would likely battle for the vacant title that Penalosa would leave behind.
"Penalosa is the first choice to fight Juanma, and if Penalosa decides to that, Morel would have to fight another opponent. Penalosa, as champion, would get the first ranking position upon moving up to 122-pounds. An Fernando Montiel, who is going to move up to 118-pounds and is the champion of 115, would also get place in the highest ranking position and Morel would have to fight with him," Rivera told El Nuevo Dia.
Joe Calzaghe Says - "I Am Not Thinking About Boxing"
By Mark Vester
We may have seen the last of Joe Calzaghe when he dominated Roy Jones Jr. for a twelve round decision win in November. There has been a lot of speculation over what Calzaghe will do, retire or fight on, but the Welsh champion refuses to make a decision at this time. He was due to make an announcement during the month of January. He doesn't feel that a decision is necessary at this time.
"What has been fantastic is being able to eat, drink and be merry without having to worry about my weight and training ahead of my next fight. Which is not to say that I’ve retired. I suppose I should get this out of the way first. My decision is that I don’t want or need to make any decision yet," Calzaghe said to South Wales Argus.
"In my mind I am not really thinking about boxing, I’ve been more preoccupied with what my boys were getting for Christmas and whether we had enough stuffing with the turkey. I am not thinking about boxing, I am not thinking about retiring, I am just enjoying some quality time with friends and family. We have had offers. Several offers in fact, to fight again."
Calzaghe lashed out at people who are making judgement calls on his future. He doesn't feel a desire to train or to entertain any fight offers, but doesn't fully rule out a return at some point. The way Calzaghe is talking, it's almost as if he is taking a page from the playbook of Floyd Mayweather Jr.
"I know what people are saying. I read the newspapers, only yesterday did I read a Welsh columnist saying that because I am keeping quiet, that must mean I am fighting on. I’ve found it quite funny really, everyone having their say, assuming that I will do this or telling me that I should do that," Calzaghe said.
"The fact is, I truly and genuinely don’t know what I will do. I never normally fight in the early part of the year, if you look back at my professional record I pretty much always start the year training and taking things easy and then intensify things for a fight date in March or April. So there is nothing unusual there. But I don’t feel any desire to get back into the gym at the moment, although, ironically, my hands are in good shape.
"I don’t mind the speculation and to be honest it amuses me, hearing that this paper has said this or that. Soon enough I will make my decision and then you will be the first to know."
By Mark Vester
We may have seen the last of Joe Calzaghe when he dominated Roy Jones Jr. for a twelve round decision win in November. There has been a lot of speculation over what Calzaghe will do, retire or fight on, but the Welsh champion refuses to make a decision at this time. He was due to make an announcement during the month of January. He doesn't feel that a decision is necessary at this time.
"What has been fantastic is being able to eat, drink and be merry without having to worry about my weight and training ahead of my next fight. Which is not to say that I’ve retired. I suppose I should get this out of the way first. My decision is that I don’t want or need to make any decision yet," Calzaghe said to South Wales Argus.
"In my mind I am not really thinking about boxing, I’ve been more preoccupied with what my boys were getting for Christmas and whether we had enough stuffing with the turkey. I am not thinking about boxing, I am not thinking about retiring, I am just enjoying some quality time with friends and family. We have had offers. Several offers in fact, to fight again."
Calzaghe lashed out at people who are making judgement calls on his future. He doesn't feel a desire to train or to entertain any fight offers, but doesn't fully rule out a return at some point. The way Calzaghe is talking, it's almost as if he is taking a page from the playbook of Floyd Mayweather Jr.
"I know what people are saying. I read the newspapers, only yesterday did I read a Welsh columnist saying that because I am keeping quiet, that must mean I am fighting on. I’ve found it quite funny really, everyone having their say, assuming that I will do this or telling me that I should do that," Calzaghe said.
"The fact is, I truly and genuinely don’t know what I will do. I never normally fight in the early part of the year, if you look back at my professional record I pretty much always start the year training and taking things easy and then intensify things for a fight date in March or April. So there is nothing unusual there. But I don’t feel any desire to get back into the gym at the moment, although, ironically, my hands are in good shape.
"I don’t mind the speculation and to be honest it amuses me, hearing that this paper has said this or that. Soon enough I will make my decision and then you will be the first to know."
Ricky Hatton's Lawyer Threatens To Sue Manny Pacquiao
By Mark Vester
According to Ricky Hatton's legal counsel, Gareth Williams, they have a binding verbal contract to fight Manny Pacquiao on May 2 with an agreed upon 50-50 split. Two days ago, Pacquiao's lawyer, Franklin Gacal, told reporters that Manny will not accept an equal split of the money. He said Pacquiao is looking for a 60-40 split. Hatton refuses to fight Pacquiao for anything less than a 50-50 split.
Gacal has threatened to find a new opponent for the May date if Hatton does not budge. Williams is now threatening to explore Hatton's legal options if Manny backs away from the fight because of the split.
“We had all this before Christmas when they were talking about different figures and we agreed a 50-50 split with them. So having agreed that with them, we’re not going to change our mind. No-one has relayed that to me [on a new split]. The only way that was relayed to me was when his lawyer went and stuck it on the internet. My own view is that if you want to alter a deal, you speak to the parties involved. You don’t do it on the internet," Williams told BBC Sport.
“It’s up to him how he conducts his business but the simple fact is we’ve got a verbal agreement of 50-50 and that’s as far as it goes. As far as I’m concerned I’ve got a firm contract that the fight is taking place. Ricky brings as much to the table as Manny. Either it is 50-50 or we'll consider other options. If that's Manny's position, there is no fight.
"Our own view is that a fight will take place on a 50-50 basis as per the agreement. But if we are formally told it won't take place on that basis we'll consider our legal options because as far as we're concerned we've got a binding contract. We got a verbal deal at 50-50 - everything's moved on that basis. We were told Bob Arum had the full rights to negotiate on behalf of Pacquiao."
By Mark Vester
According to Ricky Hatton's legal counsel, Gareth Williams, they have a binding verbal contract to fight Manny Pacquiao on May 2 with an agreed upon 50-50 split. Two days ago, Pacquiao's lawyer, Franklin Gacal, told reporters that Manny will not accept an equal split of the money. He said Pacquiao is looking for a 60-40 split. Hatton refuses to fight Pacquiao for anything less than a 50-50 split.
Gacal has threatened to find a new opponent for the May date if Hatton does not budge. Williams is now threatening to explore Hatton's legal options if Manny backs away from the fight because of the split.
“We had all this before Christmas when they were talking about different figures and we agreed a 50-50 split with them. So having agreed that with them, we’re not going to change our mind. No-one has relayed that to me [on a new split]. The only way that was relayed to me was when his lawyer went and stuck it on the internet. My own view is that if you want to alter a deal, you speak to the parties involved. You don’t do it on the internet," Williams told BBC Sport.
“It’s up to him how he conducts his business but the simple fact is we’ve got a verbal agreement of 50-50 and that’s as far as it goes. As far as I’m concerned I’ve got a firm contract that the fight is taking place. Ricky brings as much to the table as Manny. Either it is 50-50 or we'll consider other options. If that's Manny's position, there is no fight.
"Our own view is that a fight will take place on a 50-50 basis as per the agreement. But if we are formally told it won't take place on that basis we'll consider our legal options because as far as we're concerned we've got a binding contract. We got a verbal deal at 50-50 - everything's moved on that basis. We were told Bob Arum had the full rights to negotiate on behalf of Pacquiao."
More of a reason for mayweather to come back very soon......
Money Woes Continue To Press Floyd Mayweather Jr.
by T.K. Stewart
Floyd Mayweather, Jr. announced his retirement from the sport of boxing on June 6, 2008. But since he washed his hands of the sport that was on the verge of turning him into a household name, Mayweather's fortunes have taken a dramatic turn.
The latest bit of information regarding Mayweather's finances came with a shocking price tag - $6.1 million in back taxes he owes the Internal Revenue service from fiscal year 2007. The IRS is now pursuing 'Money" Mayweather and has reportedly placed liens against him for that dollar amount.
Unless some sort of offer and compromise can be worked out with the IRS, and unless Mayweather pays quickly, the $6.1 million that he currently owes will skyrocket, with penalties and interest, by $500,000 per year.
Perhaps Mayweather can call on old friend and former Vegas resident Mike Tyson, who likely knows very well the various calculations the IRS uses to add insult to injury.
It's been a tough road for Mayweather over the past several months. In July, he threw himself and the citizens of Grand Rapids, Michigan (his hometown) a bash fit for a king. Mayweather used the Independence Day weekend as his own personal platform to send himself off into what he hoped would be a permanent retirement from the sport of which he said at the time, "I'm bored with."
However, since that hot July weekend when he "made it rain" by throwing $30,000 in one hundred dollar bills into a crowd of people, 'Money' Mayweather has encountered some very pricey situations.
In September, the former pound-for-pound champ was sued by a Florida real estate developer for backing out of a deal to purchase an $8.5 million dollar home in the state. Mayweather reneged on the initial agreement to pay the developer $1.7 million that resulted in the lawsuit.
In August, in a story that made headlines on newscasts around the world, one of Mayweather's Las Vegas homes was robbed of what was reported to have been $7.1 million worth of jewelry. He later offered a $100,000 reward for information in the case that would lead to an arrest or conviction, but the crime has yet to be solved.
October brought a worldwide meltdown in stock markets as well as continued plunging home values in the United States. The markets crashed between 30% and 40%. Few investors escaped the bloodletting. For Mayweather, who in 2008 claimed that he was on his way to becoming a billionaire, it would certainly seem the crisis would have significantly altered his grandiose business plans.
Mayweather also owns several properties in the state of Nevada. The Las Vegas area in which he resides has been what some have called "ground zero" in the U.S. foreclosure quagmire. The situation has caused Las Vegas home values to plummet more than 30% and homeowners who once had millions of dollars worth of equity in their homes have watched it blow away like dust in the desert wind. Mayweather told many of us boxing writers in 2007 that he paid "$11 million" for his most recent home in Las Vegas. But even using conservative figures, that same pad would now be worth about $7.5 million.
Mayweather is also known to win (and lose) thousands of dollars at a time wagering on sporting events as was well documented in the 24/7 Countdown series produced by HBO. He also has a certain affinity for luxury automobiles (he reportedly had a fleet of nearly 20) which have not always proven to be the most sound of investments.
It all adds credence to Oscar De La Hoya's comment back in October. While on the press tour for his upcoming fight against Manny Pacquiao, the 'Golden Boy' quipped, "I heard he needs the money" when asked if he thought Mayweather would return to boxing.
Then of course, there was the interesting quote given by his father, Floyd, Sr. to the Grand Rapids Press: ""How can he tell all the people in Grand Rapids he's a billionaire? "He won't be a billionaire in a billion years. Mark my words, someday he'll be running through the streets of Grand Rapids broke."
Money Woes Continue To Press Floyd Mayweather Jr.
by T.K. Stewart
Floyd Mayweather, Jr. announced his retirement from the sport of boxing on June 6, 2008. But since he washed his hands of the sport that was on the verge of turning him into a household name, Mayweather's fortunes have taken a dramatic turn.
The latest bit of information regarding Mayweather's finances came with a shocking price tag - $6.1 million in back taxes he owes the Internal Revenue service from fiscal year 2007. The IRS is now pursuing 'Money" Mayweather and has reportedly placed liens against him for that dollar amount.
Unless some sort of offer and compromise can be worked out with the IRS, and unless Mayweather pays quickly, the $6.1 million that he currently owes will skyrocket, with penalties and interest, by $500,000 per year.
Perhaps Mayweather can call on old friend and former Vegas resident Mike Tyson, who likely knows very well the various calculations the IRS uses to add insult to injury.
It's been a tough road for Mayweather over the past several months. In July, he threw himself and the citizens of Grand Rapids, Michigan (his hometown) a bash fit for a king. Mayweather used the Independence Day weekend as his own personal platform to send himself off into what he hoped would be a permanent retirement from the sport of which he said at the time, "I'm bored with."
However, since that hot July weekend when he "made it rain" by throwing $30,000 in one hundred dollar bills into a crowd of people, 'Money' Mayweather has encountered some very pricey situations.
In September, the former pound-for-pound champ was sued by a Florida real estate developer for backing out of a deal to purchase an $8.5 million dollar home in the state. Mayweather reneged on the initial agreement to pay the developer $1.7 million that resulted in the lawsuit.
In August, in a story that made headlines on newscasts around the world, one of Mayweather's Las Vegas homes was robbed of what was reported to have been $7.1 million worth of jewelry. He later offered a $100,000 reward for information in the case that would lead to an arrest or conviction, but the crime has yet to be solved.
October brought a worldwide meltdown in stock markets as well as continued plunging home values in the United States. The markets crashed between 30% and 40%. Few investors escaped the bloodletting. For Mayweather, who in 2008 claimed that he was on his way to becoming a billionaire, it would certainly seem the crisis would have significantly altered his grandiose business plans.
Mayweather also owns several properties in the state of Nevada. The Las Vegas area in which he resides has been what some have called "ground zero" in the U.S. foreclosure quagmire. The situation has caused Las Vegas home values to plummet more than 30% and homeowners who once had millions of dollars worth of equity in their homes have watched it blow away like dust in the desert wind. Mayweather told many of us boxing writers in 2007 that he paid "$11 million" for his most recent home in Las Vegas. But even using conservative figures, that same pad would now be worth about $7.5 million.
Mayweather is also known to win (and lose) thousands of dollars at a time wagering on sporting events as was well documented in the 24/7 Countdown series produced by HBO. He also has a certain affinity for luxury automobiles (he reportedly had a fleet of nearly 20) which have not always proven to be the most sound of investments.
It all adds credence to Oscar De La Hoya's comment back in October. While on the press tour for his upcoming fight against Manny Pacquiao, the 'Golden Boy' quipped, "I heard he needs the money" when asked if he thought Mayweather would return to boxing.
Then of course, there was the interesting quote given by his father, Floyd, Sr. to the Grand Rapids Press: ""How can he tell all the people in Grand Rapids he's a billionaire? "He won't be a billionaire in a billion years. Mark my words, someday he'll be running through the streets of Grand Rapids broke."
they are stacking this card basically because of the two mismatches and the fact it's PPV (hbo and showtime didn't want to pick this up for some reason). It's actually looking like it's worth the $. There are a few other names too unconfirmed like anthony petereson and a couple others cant remember...
It's funny though, a few months ago it would be outrageous to see cotto and pavlik fight jennings and rubio, but now since they are both coming off of losses, they are the perfect matches.
(lmao at rubio, haha, wtf)
It's funny though, a few months ago it would be outrageous to see cotto and pavlik fight jennings and rubio, but now since they are both coming off of losses, they are the perfect matches.
(lmao at rubio, haha, wtf)