When Mike Tyson Owed IRS Millions #hotboxin #miketyson
- Posted by monty9 on Jul 15, 2024
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The rematch on June 28, 1997, became perhaps the most famous boxing match of all time. With Holyfield receiving $35 million and Tyson $30 million—a record for the highest combined fighter purse that would stand for almost 10 years—anticipation was high. In the third round, Tyson bit Holyfield's right ear, removing a chunk of it with his teeth. Referee Mills Lane paused the fight, docking Tyson two points. When the round resumed, Tyson bit Holyfield's left ear and was disqualified. #MikeTyson #hotboxin #boxingtraining
On July 9, the Nevada State Athletic Commission revoked Tyson's boxing license, which wouldn't be restored until October 19, 1998.
In early March 1998, Tyson filed lawsuits against Don King and his former managers, Rory Holloway and John Horne. The King lawsuit for $100 million was eventually settled in June 2004. The $14 million settlement immediately went to pay Tyson's creditors toward more than $38 million in debt.
While he waited for his boxing license to be rein
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