Other Sport

Tyson sues financial firm

2013-02-21 07:41
Mike Tyson (AFP)
  Video

Wit Buffel's revenge

2013-02-20 09:07

Watch Francois Botha talk about fighting Sonny Bill in Cape Town.

Los Angeles - Mike Tyson is suing a financial services firm affiliated with Live Nation, claiming it cost him more than $5 million due to a former employee's embezzlement and mismanagement.

The lawsuit filed on Wednesday in Los Angeles claims an adviser from SFX Financial Advisory Management Enterprises embezzled more than $300 000 from the former heavyweight boxing champ.

The suit claims the losses hindered Tyson and his wife from emerging from bankruptcy.

SFX is a subsidiary of Live Nation Entertainment Inc.

The case claims Tyson and his wife lost millions more by having to hire new attorneys and advisers to handle their financial affairs, and they had to turn down lucrative contracts.

Messages left for a Live Nation spokesperson and at the Washington, D.C., offices of SFX were not immediately returned.

Read more on:    mike tyson  |  boxing
NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

Big month in the world of golf as the FedEx Cup concludes on the PGA Tour, the Race to Dubai gathers steam on the European Tour and the Sunshine Tour offers local golfers the chance to bank some cash. Oh, and not forgetting the USA v Europe Ryder Cup showdown at Hazeltine!

Latest blogs
Vote

How excited are you about the upcoming Olympic Games in Rio?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.