Former world heavyweight champion Mike Tyson was one of the highest-paid boxers during his prime. It has been reported that at one point in time, he was worth at least USD 430 million. But he squandered a majority of this wealth. Tyson blamed many people for the same, including his former manager, Rory Holloway. After nearly a decade of silence, Holloway opened up about Tyson’s life by releasing a biography in 2014.
Holloway first met Tyson in the year 1981. The two soon became friends and had a close bond that spanned over 25 years. He even went on to become Tyson’s manager as the champ found fame.
During his prime, Tyson was that gust of wind that took the boxing world by storm. And his legendary performances soon made him one of the richest athletes at that time. He was said to have made at least USD 430 million through fight purses and endorsements.
However, he lost most of it and declared bankruptcy in 2003. It was reported that he was around USD 23 million in debt at that time. Tyson accused his former promoter, Don King, of mismanaging his funds. Moreover, he also sued his managers John Horne and Holloway. He charged them for failing to protect his interests in dealings with King. And also went on to call them King’s ‘paid puppets’.
While Holloway chose to remain silent, Horne mentioned that neither of them engaged in any improper dealings with King.
Rory Holloway comes clean by releasing a book about Mike Tyson
Mike Tyson retired from professional boxing in 2005. And Rory Holloway maintained his silence about Tyson and his accusations for almost 10 years. Holloway mentioned he did so out of the loyalty and friendship he had for the former champ.
However, he decided he will speak up as ‘his son was tormented’ because of Tyson’s allegations. In 2014, he released a book titled, ‘Taming the Beast: The Untold Story of Mike Tyson.’ In a way, the book can be described as Holloway’s devastating experience of witnessing his best friend self-destruct. And being incapable of doing anything about it.
He also denied Tyson’s claims. Holloway mentioned that Tyson was his own boss and squandered his money.
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Do you believe that Tyson’s managers were responsible for his bankruptcy? Share your thoughts in the comments below.
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