On Jul 3, 10:24=A0pm, ne...@millions.com wrote:
> On Sat, 04 Jul 2009 01:04:37 GMT, paul9...@aol.com (Paul Personia)
> wrote:
>
>
>
> >http://sports.yahoo.com/box/news;_ylt=3DAvuu6X5dTPMAUkT.HyXwXraUxLYF?sl.=
..
>
> >Big payday could help Mayweather fend off IRS
> >By OSKAR GARCIA, Associated Press Writer
> >Jul 2, 7:31 pm EDT
>
> >LAS VEGAS (AP)=97Floyd Mayweather Jr. has said rumblings about his
> >financial troubles are nothing more than rumors, but public records
> >obtained by The Associated Press show the boxer nicknamed =93Money=94 ow=
es
> >about $6.4 million to the Internal Revenue Service and others.
>
> >The IRS hit the former pound-for-pound boxing king with a lien in
> >October for $6.17 million in unpaid taxes from 2007, according to the
> >Clark County Recorder in Las Vegas. A New Jersey Superior Court
> >judgment from the same year shows he owes $193,000 in state taxes
> >there.
>
> >Leonard Ellerbe, Mayweather=92s manager, disputed the documents and said
> >he believed they were inaccurate.
>
> >=93Floyd Mayweather does not have a problem with the IRS,=94 Ellerbe tol=
d
> >the AP on Thursday. =93He doesn=92t owe the IRS $6.1 million =85 I don=
=92t
> >(care) what a lien says.=94
>
> >ADVERTISEMENT
>
> >=93When you have a problem with them, you ain=92t hard to find=97ask Wes=
ley
> >Snipes,=94 Ellerbe said. =93You go to jail, they come take your (stuff).
> >He doesn=92t have a problem.=94
>
> >Snipes, the actor, is currently appealing convictions of willfully
> >failing to file his income taxes and his three-year prison sentence.
>
> >=93(Mayweather) is free to move and do anything and everything he wants
> >to do with no problems at all. None whatsoever,=94 Ellerbe said.
>
> >Besides taxes, county records in Las Vegas show the former
> >five-division champ has unresolved debts worth $9,400 to three
> >homeowners associations. Other liens filed with the county say the
> >boxer did not pay nearly $3,900 to a contractor that programmed
> >electronics at one of his homes and $320.10 to his trash collector.
>
> >Mayweather, who is returning to the ring after retiring a year ago,
> >has said his scheduled September fight against Juan Manuel Marquez
> >isn=92t all about a big payday, but a lucrative purse couldn=92t hurt in
> >his ongoing battle to keep up on his bills.
>
> >The IRS and others use liens to secure payments by placing a claim on
> >the property of individuals who owe them money. Liens damage a
> >person=92s credit rating and remain on credit reports longer than other
> >negative information, such as late payments. Once unpaid taxes are
> >satisfied, the IRS files lien releases saying so with the county
> >recorder.
>
> >Raphael Tulino, an IRS spokesman, said Thursday that the agency does
> >not comment specifically on individual tax situations. The IRS said in
> >the October lien itself that it has demanded payment, but the 2007
> >taxes remained unpaid.
>
> >A clerk in New Jersey Superior Court said Thursday that the $193,000
> >judgment there had not been satisfied.
>
> >Mayweather (39-0, 25 KOs) has been socked with liens in the past and
> >paid them off, according to recorder records in Clark County. The IRS
> >filed liens totaling nearly $6.3 million for unpaid taxes from 2001,
> >2003, 2005 and 2006, and three homeowners associations also filed
> >claims against the boxer that were later resolved, county records
> >show.
>
> >Asked about the liens that had been resolved, Ellerbe said: =93We=92re
> >talking about what=92s going on right now. I=92m sure you might have bee=
n
> >two days late paying your rent two, five years ago.=94
>
> >The former Olympic bronze medalist made more than $50 million inside
> >the ring during his final 18 months of boxing before he abruptly
> >retired last year and turned his attention to show business.
>
> >Mayweather has proved to be a bankable celebrity outside the ring.
>
> >He has appeared on ABC=92s =93Dancing With the Stars=94 in 2007 and is
> >featured in a current AT&T television commercial. He has said that he
> >made $8 million last year without fighting.
>
> >He also cashed in his =93Pretty Boy=94 nickname for =93Money.=94
>
> >=93America is built on two things=97controversy and money,=94 Mayweather
> >told HBO before he defeated Oscar De La Hoya in May 2007. =93It=92s not =
a
> >black thing, it=92s not a white thing, it=92s a green thing.=94
>
> >The cable network documented both fighters leading up to their match
> >for its =9324/7=94 reality series. The same episode showed Mayweather
> >hand-counting $10,000 stacks of $100 bills and bragging about winning
> >$34,000 after betting on an NBA basketball game.
>
> >=93I ain=92t gotta carry no black card, I like carrying mine in cash=97g=
et
> >the job done better,=94 Mayweather said, cracking a grin.
>
> >Mayweather received a reported $20 million to wrestle on WWE=92s
> >=93WrestleMania XXIV=94 in 2008, part of his efforts to increase his
> >entertainment profile. At a promotional event for that appearance in
> >Los Angeles, Mayweather incited a couple hundred fans by whipping out
> >a money roll and repeatedly tossing $100, $50 and $20 bills into the
> >crowd.
>
> >The boxer likes to be seen with a wad of cash, large entourages and
> >expensive jewelry.
>
> >=93You see me=97250 on the wrist, $300,000 on the pinky, $600,000 on the
> >neck,=94 Mayweather said on another =9324/7=94 episode filmed before his
> >fight with Ricky Hatton in December 2007.
>
> >YouTube videos show Mayweather tossing $100 bills into crowds at night
> >clubs =97 known as =93making it rain=94 for the way the bills look when =
they
> >fall.
>
> >The Las Vegas Review-Journal labeled him the =93reigning king of flash
> >and cash=94 in 2007 for regularly showering patrons and his entourage
> >with cash and expensive Cristal champagne. The newspaper said that
> >Mayweather and his entourage travel in a three-car fleet made up of a
> >Rolls Royce Phantom, a Maybach and a Mercedes McLaren SLR.
>
> >=93I=92ve seen him make it rain at least 20 times in the last couple
> >years,=94 Branden Powers of Poetry nightclub told the newspaper. =93Poun=
d
> >for pound, he=92s the best tipper.=94
>
> >Ellerbe said Mayweather=92s comments about money were made just to
> >promote fights.
>
> >=93Him saying he got a bunch of money, that=92s an image, that=92s an im=
age.
> >It has nothing to do with his business,=94 Ellerbe said. =93And he can s=
ay
> >anything he wants to, but I=92m giving you what the facts are. And the
> >facts are Floyd Mayweather does not have a problem with the IRS, or
> >anybody else, for that matter.=94
>
> >Mayweather=92s comeback fight, delayed until Sept. 19 after Mayweather
> >damaged rib cartilage while training, had been scheduled for July 18
> >at the MGM Grand hotel-casino in Las Vegas.
>
> >Mayweather and Marquez (50-4-1, 37 KOs) are expected to fight at a
> >catch-weight of about 143 pounds, eight more than Marquez has ever
> >fought and the lightest Mayweather has been since 2005.
>
> >Associated Press writers Adam Goldman in New York and Eli Segall in
> >Trenton, N.J. contributed to this report.
>
> >Updated Jul 2, 7:31 pm EDT
>
> With well marketed encounter with Manny Pacquiaom he should be able to
> reduce the amount by a few shekels.
>
> DCI
The amazing thing to me was that that dumb arse Ricky Hatton let
Mayweather Sr. be his corner guy, when Jr. stood to make a mint if
Hatton lost and Jr. got next in line for the huge Pacquiao payday.
Sure enough, Mayweather Sr. helped coach Hatton into a humiliating
knockout defeat. Now, hatton must take primary responsibility for his
swift demolition, but Mayweather certainly didn't have Hatton's head
on straight and Pacquiao took it off the rest of the way. Voila:
Mayweather Jr. gets the largest payday of his life soon. |
