29.09.06 - By Scott Frake: Mike Tyson, 40, now deeply in debt to creditors, will be fighting a series of 4-round boxing exhibitions on a "world tour" to help bring in more money to pay his bills. The tour starts next month, in Youngstown, Ohio. Tyson (50-6, 44 KO's) will be sparring with 31-year old Corey "T-Tex" Sanders (23-10, 15 KO's), a fighter that was at one time Tyson's sparring partner. Apparently, the idea is for the tour to travel around the world, hence the world tour label, in hopes that adoring fans will want to pay to see the former knockout artist in action.
Article posted on 29.09.2006
However, even Tyson realizes that the tour probably won't make much of a dent in his numerous debts, given the vast amount that has accumulated over the years. Last month, Tyson, along with ring trainer Jeff Fenech, put on public workouts in front of massive crowds at the Aladdin Resort and Casino in Las Vegas. The tour is likely to be wildly successful, considering Tyson's fame. The tour, if itís anything like his Las Vegas workouts, it could bring in a substantial amount of money.
Beyond the world tour exhibitions, Tyson with his star appeal, has opportunities for numerous product endorsements, as well as the possibility for him to venture into ring commentating, which will likely bring in millions of dollars annually. With all of these potential revenues, it's highly likely, in my opinion, that Tyson will have enough to have all his debts paid off within a short period of time. That is, if he can control his spending.