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Tyson blows $300 million, blames others

Aug. 5, 2003 at 11:13 AM   |   Comments

NEW YORK, Aug. 5 (UPI) -- It could be all of those blows to the head but Mike Tyson says his $300 million bankruptcy isn't his fault.

The former heavyweight boxing champion blew the $300 million he made in his ring career on everything from mansions to limousine rides to custom jewelry, according to federal bankruptcy papers he filed in Manhattan.

The New York Daily News says his wild spending left him $27 million in debt, including $17 million he owes on taxes in the United States and Britain.

Tyson faults boxing promoter Don King and rival Lennox Lewis, among others, for his money woes but ducks any blame for financial troubles.

"I have not fought recently, I have no other income," the 37-year-old said.

According to court papers, Tyson's debts include $13 million to the Internal Revenue Service and $4 million for British taxes, plus $51,949.42 in child support to Kimberly Scarborough, the mother of his 13-year-old daughter, Mickey.

© 2003 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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