With the amount of money they earned you wouldn’t have thought this sportmen would have gone broke.
We are familiar with some of these athletes and have heard the some of money they make which seems they have made it in life no matter what.
The sum of money they control seems to be enough for them and their unborn grand children as at that time.
One way or the other these athletes went from being rich to being poor as the money they had vanished somehow.
This article is focused on some of the athletes that went from being rich to being poor.
1. Evander Holyfield: He is an American former professional boxer who competed between 1984 and 2011. He reigned as the undisputed champion at cruiserweight in the late 80s and at heavyweight in the early 90s, and remains the only boxer in history to win the undisputed championship in two weight classes in the three-belt era. In June 2008 a legal notice was placed by Washington Mutual Bank stating that Holyfield’s $10 million, 54,000-square-foot (5,000 m2), 109-room, 17-bathroom suburban Atlanta estate would be auctioned off on July 1, 2008, due to foreclosure, shortly before that bank’s insolvency. A Utah landscaping firm also went to court seeking $550,000 in unpaid debt for services. His fortune was drained by frivolous spending, multiple failed business ventures, constant child support payments, and his three divorces, among other things.In 2012 The Independent described Holyfield as “flat broke and bankrupt” despite having earned £350 million (US$513 million) over his boxing career.
2. Warren Sapp: He is a former American football defensive tackle who played in the National Football League (NFL) for 13 seasons, primarily with the Tampa Bay Buccaneers. In 2010, PNC bank was awarded a judgment of $988,691.99, and in December 2011 filed a monthly lien of $33,333 against Sapp’s $45,000 NFL Network paycheck. He also owed the Internal Revenue Service $853,003 from income in 2006 and $89,775 for 2010. He was $876,000 behind on alimony and child support for his former spouse, owed $68,738 for unpaid property taxes in Windermere and owed money to attorneys, friends and a speech therapist as well. On April 7, 2012, the Associated Press reported that Sapp had filed for bankruptcy in an effort to discharge debt from failed businesses. On November 1, 2012, Sapp’s 10,000-square-foot (930 m2) house in Windermere was auctioned off and sold for $2.9 million.
3. Mark Brunell: He is an American football coach and former quarterback who is the quarterbacks coach for the Detroit Lions of the National Football League (NFL). He played in the NFL for nineteen seasons and is best known for his nine seasons with the Jacksonville Jaguars, whom he led to the franchise’s first playoff appearances between 1996 and 1999. According to a Florida Times-Union report, Brunell listed approximately $5.5 million in assets against almost $25 million in liabilities. The liabilities are mostly in the form of personal guarantees on commercial real estate loans involving several of his limited liability corporations. The operation of 11 Whataburger franchise locations in which Brunell is involved will not be affected by the bankruptcy.
4. Lenny Dykstra: He is an American former professional baseball center fielder, who played in Major League Baseball (MLB) for the New York Mets (1985–1989) and Philadelphia Phillies (1989–1996). Dykstra was a three-time All-Star and won a World Series championship as a member of the 1986 Mets. Since retirement, Dykstra has been mired in financial and legal troubles. In 2009, he filed for bankruptcy. In 2011, he was arrested and charged with bankruptcy fraud, followed by grand theft auto and drug possession charges on an unrelated case, as well as indecent exposure. He served 6+1⁄2 months in federal prison. Dykstra, whose net worth was estimated at $58 million in 2008, filed for Chapter 11 bankruptcy in July 2009, listing less than $50,000 in assets against $10 million to $50 million in liabilities.
5. Mike Tyson: He is an American former professional boxer who competed from 1985 to 2005. Tyson is considered to be one of the greatest heavyweight boxers of all time. He reigned as the undisputed world heavyweight champion from 1987 to 1990. He was the first heavyweight boxer to simultaneously hold the WBA, WBC and IBF titles, as well as the only heavyweight to unify them in succession. In August 2003, after years of financial struggles, Tyson finally filed for bankruptcy. Tyson earned over $30 million for several of his fights and $300 million during his career. At the time, the media reported that he had approximately $23 million in debt.
