Friday, June 6, 2008
Ex-champ Holyfield having major money problems - Boxing - CBSSports.com MMA, Results, NewsIn the old days, when managers and promoters routinely took advantage of fighters, you could understand how a boxer could end up broke and unemployed. But since boxing became better regulated and most of the mob's influence was taken out of it, I find it hard to understand how a guy like Holyfield, who made millions, could end up broke and having to sell his phat crib in Atlanta. Congress should pass a law requiring all millionaire fighters to "freeze" at least one million dollars in an untouchable account, administered by a skinflint from the IRS. That way we wouldn't have to read stories like this. Hit on the headline to read the full story.