Tyson $27m in debt after squandering $300m

BOXER Mike Tyson squandered a $300 million fortune to finance his lavish lifestyle, leaving him $27m in debt, court papers showed yesterday.

Tyson $27m in debt after squandering $300m
Wed, 06 Aug, 2003 - 01:00
Tom Kelly, New York

The former heavyweight champion, who declared himself bankrupt last week, owes cash to a string of creditors, including $3.9m to Britain's Inland Revenue.

He also owes $177,000 to a Las Vegas jewellery store for a gold chain lined with 80 carats in diamonds, $309,000 to a California limousine company and $60,000 to a Beverly Hills Ferrari dealership.

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CourtsPlace: Las VegasPlace: CaliforniaPlace: United StatesPlace: ManhattanPerson: TysonPerson: Mike TysonPerson: Kimberley ScarboroughPerson: Don KingPerson: Lennox LewisOrganisation: Beverly Hills FerrariOrganisation: US Bankruptcy Court
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