Thursday, January 22nd, 2009 at
You know the times are bad when the economic downturn starts making people to change their names. Floyd Mayweather Jr. might want to consider downgrading his nickname from Money to Change. It was only several months ago that he was making it rain in the club with $30,000. Now we find out that he’s having huge money problems.
Boxing Scene reports that Mayweather owes the IRS $6.1 million in back taxes from 2007 and the agency has placed a lien against him for that amount. If he doesn’t pay them in a timely fashion, the amount could increase by $500,000 a year.
Mayweather has been taking it from all sides since he made it rain in July. The last half of 2008 financially beat the former champion like his name was Javon Walker.
August: Las Vegas home was robbed of $7.1 million in jewelry
September: Sued by real estate developer for backing out of deal to buy a house
October: Economic crash drops real estate value by more than 30%
Oscar de la Hoya and Floyd Mayweather Sr. have alluded to Floyd Jr.’s profligate spending habits and money issues. It’s rumored that he gambles absurd amounts on sports in addition to having over 20 luxury cars. At this rate, he’ll be forced to get back into the ring to pay off his debts. Hopefully he doesn’t let himself go like Mike Tyson before that happens. The idea of Mayweather-Pacquiao matchup sounds pretty good right now.
Friday, March 21st, 2008 at
Don’t tell Denver Broncos owner Pat Bowlen money don’t matter. He’s running low and needs all he can get. The Denver Post reports that the Broncos canned eight employees including the director of media relations and the manager of DenverBroncos.com.
Cost-cutting has been taking place for a while with three coaches being let go and replaced internally. In addition, players have been forced to eat gruel out of troughs and share jock straps.
Bowlen might want to consider asking head coach Mike Shanahan for a loan. He just sold his house for $16 million and “recently broke ground on a megamansion that will take a year to complete”.
Specs on the old house?
It includes three Jacuzzis, an 80-square-foot steam room, a 108-square-foot sauna, a 2,299-square-foot heated garage, a 2,100-square-foot swimming pool, a 165-square-foot hot tub. It was built in 2000 and has slate mission tile on the roof.
Two buildings are on the land, one with three bedrooms and six fireplaces; the other with two bedrooms.
The new house will be 30,000 square feet. That’s got to be a kick in the dick for Broncos employees who are worried about their jobs.
As if that wasn’t odd enough, the land for the new home was previously owned by Janet Elway who received it from her divorce settlement with former Bronocs QB and Baltimore Colts destroyer John Elway. (Not like I’m still bitter or anything.) That has to be an awkward conversation at Bronco reunions.