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Athletes That Lost INSANE Amounts Of Money!


Hi, everybody! It’s Samantha! From a soccer legend to an ear-biting boxer,
here are several athletes that lost insane amounts of money! 15. Evander Holyfield This guy was a professional boxer from 1984
to 2011. He’s the only one in history to have won
the undisputed championship in two different weight classes. Evander was nicknamed “The Real Deal”
because he’s the only man to have held the world heavyweight champion title four times. He also won a bronze medal at the 1984 Summer
Olympics. But, in June 2008, he was notified by the
bank that his ten million dollar mansion would be foreclosed on. The mother of his son also filed a suit against
him for not paying his monthly three thousand dollars in child support. Plus, a landscaping firm sued him for five
hundred fifty thousand dollars for services that he allegedly didn’t pay for. 14. John Daly Daly is a professional golfer and is part
of the PGA Tour. He is nicknamed “Long John” because of
his driving distance. He is known for his 1991 PGA Championship
victory and for beating Costantino Rocca during the 1995 Open Championship playoff. But, Daly is also known for the turmoil in
his personal life. He used to struggle with alcohol addiction
and had a gambling problem. He revealed in his autobiography in 2006 that
he had lost about sixty million dollars to gambling. Daly lost about one and a half million dollars
to a slot machine in Las Vegas’ Wynn Casino. That same year, he had to pay the Florida
Times-Union newspaper three hundred thousand dollars after he accused them of defamation
with no proof. 13. Diego Maradona This former professional soccer player is
now the manager of Dorados, a Mexican football club in Culiacan. As a player, many people have called him one
of the best footballers of all time. Maradona was FIFA Player of the 20th Century. In 1982, he was making one and a half million
dollars per year just from his endorsements. However, several issues caused him to lose
a lot of cash despite his significant salary. From the mid-1980s to 2004, he struggled with
substance abuse, which also interfered with his athletic ability. Maradona also dealt with alcohol addiction. He stated that he’d been clean for two and
a half years in 2007. But, in 2009, he really started losing money. He owed Italy’s government about forty-five
million dollars (or forty million euros), after failing to pay taxes. 12. Denny McLain This athlete is a former professional baseball
player and pitched for ten seasons in Major League Baseball. He is most well-known for his time with the
Detroit Tigers. He often stirred up controversy because he
was very outspoken and harshly judged his teammates. In 1970, he went bankrupt despite being the
Tigers’ first hundred thousand dollar player; his loss of cash had to do a lot with his
gambling addiction. Plus, he owed over four hundred forty thousand
dollars to various people, including the FBI, IRS, and the commissioner of baseball. After his baseball days came to an end, he
dealt with some other issues as well. He faced a twenty-three-year-long prison sentence
for moving illegal substances and extortion. That verdict was thrown out later on, but
he ended up serving six years for embezzling money from the meat-packing company he owned
with a business partner. 11. Terrell Owens Owens, aka T.O., is known for the sixteen
seasons he played in the NFL. He was initially selected by the San Francisco
49ers and then went to the Philadelphia Eagles, Dallas Cowboys, Buffalo Bills, and Cincinnati
Bengals. However, although he reportedly made about
eighty million dollars during his career, it didn’t last after some wrong decisions. Owens has talked about his monetary loss,
stating, “At that time I got sucked into wanting to be like everybody else, the guys
with the Mercedes and all the flashy cars and the jewelry… I think those are some of the most idiotic
purchases I think players can do.” In addition to spending money on a lot of
things, Owens also lost one hundred fifty thousand dollars to fines after “excessive
celebrations” for touchdowns. Plus, his financial advisors reportedly “put
him in a series of risky, highly leveraged ventures,” which he didn’t find out about
until 2010. In 2012, he told GQ that nearly all of his
money was gone. 10. Allen Iverson Allen Iverson, or “The Answer” as some
like to call him, is a former player for the NBA. He was named NBA All-Star eleven times, won
two All-Star MVP Awards, and was the NBA Most Valuable Player in 2001. He played for the Philadelphia 76ers, Denver
Nuggets, Memphis Grizzlies, and Detroit Pistons. Iverson reportedly earned about two hundred
million dollars throughout his career. However, he lost a lot of money due to his
spending habits. When he was ordered to pay nine hundred thousand
dollars to a jeweler, he admitted that he didn’t have the cash to pay for it as he’d
spent three hundred sixty thousand dollars on various things, which was about two hundred
ninety-five thousand over his monthly income. Iverson allegedly had gambling and drinking
problems as well. However, a trust fund set up by Reebok ensured
that he’d have thirty-two million dollars to look forward to when he was fifty-five. But, according to Complex, he may never get
that money after breaking the postnuptial agreement with his now ex-wife. 9. Bobby Orr Robert Orr is a former hockey player for the
NHL Bruins and Black Hawks. He was known for his scoring, speed, and ability
to make plays that transformed the defenceman position. He holds the record for making the most points
within a single season and got inducted into the Hockey Hall of Fame in 1979 and was the
youngest at the time to receive the honor at just thirty-one years old. After he retired, however, it was revealed
that Orr was bankrupt, even though he had been one of the highest-paid players. His taxes and bills came out to about four
hundred sixty-nine thousand dollars, and his assets only came out to four hundred fifty-six
thousand dollars. Although some of his loss can be blamed on
overspending, a lot of it was due to his agent, Alan Eagleson. The two were “like brothers” for a long
time, but things turned sour when Orr’s financial struggles came to light. He cut ties with Eagleson in 1980, and the
agent had to purchase six hundred twenty thousand dollars worth of Orr’s assets. He also settled for four hundred fifty thousand
dollars in court with the Black Hawks for working as their assistant coach for a brief
time. Eagleson’s malpractice was exposed later
on. 8. Curt Schilling This former MLB player is notable for helping
the Philadelphia Phillies go to the 1993 World Series. He also won championships with the Arizona
Diamondbacks and Boston Red Socks in the early to mid-2000s. He created The ASL Open as well, a gaming
convention centered on the board game Advanced Squad Leader, after being unable to attend
the ASL Oktoberfest. Schilling paid for the event with his own
money. He also founded Green Monster Games in 2006,
which changed to 38 Studios a year later. Curt released Kingdoms of Amalur: Reckoning
in 2008. In 2010, his company received a seventy-five
million dollar loan from the Rhode Island Board of Economic Development. However, 38 Studios defaulted on the loan,
and the state sued Schilling. The company was bankrupt in 2012, and of 2016,
they agreed to settle out of court for two and a half million dollars. 7. Dennis Rodman Dennis Rodman played in the NBA for the Pistons,
Bulls, Spurs, Lakers, and Mavericks. He is well-known for his rebound and defensive
skills and was nicknamed “The Worm.” Rodman got the NBA All-Defensive First Team
honors on seven occasions, NBA Defensive Player of the Year Award two times, and won the NBA
Championships five times. However, despite his success in the NBA, he
dealt with a lot of financial issues over the years. When his marriage to Michelle Moyer officially
ended, Rodman allegedly owed over eight hundred sixty thousand dollars in spousal and child
support. He has also been dealing with legal problems
on and off for alcohol addiction for years. Plus, he has gotten a lot of attention for
his time spent in North Korea since 2013. 6. Antoine Walker This former basketball star played for the
Mavericks, Celtics, Timberwolves, Hawks, and Heat in the NBA. He won the NCAA championship with Kentucky
in 1996, the NBA championship with the Miami Heat in 2006, and was an NBA All-Star three
times. However, it seems that when many of these
guys come into a fortune, they start spending money on things they shouldn’t. In 2009, he was charged with writing bad checks
to three casinos in Las Vegas, Nevada to pay his gambling debts, which equaled over eight
hundred thousand dollars. However, a plea agreement allowed him to be
put on probation while working to pay his debts instead of going to prison. He had also lost a lot of cash back in 2000
when robbers took about two hundred thousand dollars worth of merchandise from him and
his teammate. In 2010, he filed for bankruptcy when he was
almost thirteen million dollars in debt, and his assets totaled just over four million
dollars. 5. Scottie Pippen Scottie Pippen is a former basketball player
for the NBA and is most widely recognized for playing for the Chicago Bulls. He won six NBA titles with the team. He was also an NBA All-Star seven times and
got the MVP title in 1994. After he retired, he discovered that his financial
adviser, with whom he’d invested over twenty million dollars, was being investigated for
bank fraud. Robert Lunn, his adviser, got three years
in prison for various charges, one of which was for forging Pippen’s signature on a
one and a half million dollar loan to take care of his own debts. 4. Arantxa Sanchez-Vicario This retired tennis player won six Grand Slam
women’s doubles titles, four Grand Slam singles titles, and four Grand Slam mixed
doubles titles throughout her career. She was also named ITF World Champion in 1994. She reportedly made about sixty million dollars
throughout her career. However, after retiring in 2002, she found
out that her fortune was essentially non-existent. Vicario said that her parents were always
obsessed that she’d succeed as a tennis star. She also noted that they were in charge of
her training, other career choices, and winnings. Vicario received monthly payments from her
dad, who was supposed to invest the rest of the finances. She stated in her memoir, “They left me
with nothing and I owe the tax authorities…How can it be that everything I achieved has vanished,
that it does not exist?” 3. Michael Vick Michael Vick is known for his time as quarterback
for thirteen NFL seasons, most notably with the Eagles and Falcons. He holds the record for most rushing yards
during his career out of any quarterback and the most within a single season. In 2006, it was estimated that Michael Vick
was making about twenty-five million dollars per year. However, he started dealing with monetary
issues after lawsuits, bad investments, and poor management reared their ugly heads. In 2007, he was sentenced to twenty-three
months in prison on dogfighting charges. Vick had to pay one million dollars right
off the bat to reimburse people for the care of the dogs that were seized. Shortly after that, he was accused of defaulting
on various loans. In 2008, he tried to declare bankruptcy, stating
that his assets were under fifty million dollars while his debts were somewhere between ten
and fifty million dollars. 2. George Best George Best was a professional soccer player
who started his career with Manchester United. He debuted at the age of seventeen and scored
one hundred seventy-nine goals over his eleven-year-long career. Best was known for his pace, balance, ability
to use both feet, and goalscoring. However, his life took a downfall due to various
struggles, especially alcoholism. He stated, “I spent a lot of money on booze
– the rest…just squandered,” in response to what had happened to the fortune he earned
playing football. Best even stole money from a woman’s purse
to fund his drinking in 1981. He had a liver transplant in 2002 after finding
out this his was only functioning at about twenty percent. However, Best continued his alcoholism and
passed away in 2005. 1. Mike Tyson This former professional boxer is well-known
as the youngest one to ever win a heavyweight title. In 1992, he was sentenced to six years in
prison for defilement charges, but he was released after the first three years. Tyson participated in several comeback fights
after getting out of the slammer, including a couple with Bruce Seldon and Frank Bruno. He also regained his heavyweight championship
title. But, he was struggling financially for quite
some time; in 2000, Tyson was reportedly over three million dollars in debt, and although
he made sixty-five million dollars that year, he spent sixty-two of it. Plus, he was dealing with substance addiction
at the time as well. In 2003, Tyson declared bankruptcy. He had made about thirty million dollars that
year and approximately three hundred million dollars during his career, but he was still
about twenty-three million dollars in debt. He retired from boxing in 2006 after getting
knocked out three times in a row. After several more years of hardships, Tyson
now seems to be doing well. Today’s featured comment comes from AA Productions
on our “13 Famous People You Didn’t Know Were Gay Or Bi” video! Thanks for commenting, AA Productions! Remember to leave your thoughts below and
we could feature you in an upcoming video!

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