Richest Athletes To Go Bankrupt: Latrell Sprewell, Mike Tyson And More Went Broke

Mike Tyson performs during the grand opening of his one-man show 'Mike Tyson: Undisputed Truth - Live On Stage' at the Hollywood Theatre at the MGM Grand Hotel/Casino April 14, 2012 in Las Vegas, Nevada.

Bleacher Report:

Few professions offer the same roller-coaster experience that sports do.

But for every individual athlete who has mastered the art of investing and saving those green bills, there are plenty more who have squandered their earnings.

We're ready to check out the 20 richest athletes to go bankrupt.

Read the whole story at Bleacher Report

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Comments

[leetz]

10:20 PM on 05/22/2012

It's always disappointing to see the Bleacher Report pop up on a more legitimate news site. There is no site less respected among sports fans. It has very few writers of any credibility, ethics, or experience. The site is more along the lines of a search engine optimization scam, using features like this where you have to click through 20 pages to see their top 20 so that they can artificially inflate hits. Give them credit for one thing though, they've played the game well -- bringing in unpaid writers/volunteers to create no-expense content that is designed to help their page view machine build up a huge amount of traffic and then use their traffic stats to make more reputable sites want to align with them, and never the credibility factor; that isn't important these days as most people will automatically assume credibility for anything that is posted online. In reality though, the average poster on a message board can come up with more compelling content than "B/R". I wouldn't be surprised if they have people creating content for them who haven't even graduated high school. They're a perfect example of how badly the Internet has damaged journalism.

[ruffdeezy]

09:55 PM on 05/22/2012

Funny thing is that they are probably all democrats

[polemikos]

12:32 AM on 05/23/2012

I'm sure most of the black athletes are democrats, and with good reason, what do conservatives have to offer the black community? Less benefits, fewer civil rights, more prison. Cant blame them for passing up that.

[illegalneocon]

09:29 PM on 05/22/2012

How about Mibarack jorbama!

He blew up 6 trillion dollars in just 3 1/2 years!!!!!. Now China is close to repossess America.

[Zenith1959]

10:08 PM on 05/22/2012

FY 2013*: $901 billion
FY 2012*: $1,327 billion
FY 2011: $1,300 billion
FY 2010: $1,293 billion
If you're referring to the yearly deficit, here are the actual numbers, not quite as high as you state. His first budget did not start till Oct. 1st 2009 for the 2010 Fiscal Year.

[ddemos]

10:17 PM on 05/22/2012

oh go back to facebook... you will be appreciated there for your sophisticated humor...

[edsel]

09:19 PM on 05/22/2012

I'm bustin my hump trying to keep the lights on in my house I drive a school bus now! Gee I really can't feel sorry for someone who was a millionaire and is going broke cus they don't have a clue how to manage their money BOO HOO

[edsel]

09:15 PM on 05/22/2012

Too bad Soo Sad

[Peace-riding]

09:09 PM on 05/22/2012

If they're broke, they aren't the richest are they.

[repugnicansfearme]

09:04 PM on 05/22/2012

How long before Tiger goes broke?

[polemikos]

12:32 AM on 05/23/2012

Tiger has more money than someone could spend in a lifetime.