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The 7 - Basketball - Allen Iverson spent/lost $150Million Register and log in to post!
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StaggerLee
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#1 Posted on 14.2.12 1059.40
Reposted on: 14.2.19 1101.26
http://www.thepostgame.com/blog/dish/201202/allen-iverson-has-no-answer-financial-woes

This is what happens when the "give back to the community you came from" mentality runs wild.
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ekedolphin
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#2 Posted on 14.2.12 1632.45
Reposted on: 14.2.19 1632.48
These guys get into professional sports and some of them go instantly from scrounging around for their next meal (until the food stamps come on the first of the month) to having more money than they know what to do with.

But the money is still finite, and I think a lot of them have trouble understanding that.
DJ FrostyFreeze
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#3 Posted on 14.2.12 1640.09
Reposted on: 14.2.19 1640.33
You can almost predict which pro athlete this will happen to next just based on the level of on/off-field knuckle-headed-ness they display during their playing days. Crazy.
RYDER FAKIN
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#4 Posted on 15.2.12 0946.14
Reposted on: 15.2.19 0947.58
C'mon Frosty, World Peace will be able to draw 100k on the lecture circuit. People NEED his advice

FLEA
ekedolphin
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#5 Posted on 18.2.12 0128.50
Reposted on: 18.2.19 0129.01
God knows I'm not the world's most responsible person when it comes to money, but I have a hard time imagining how I'd ever be able to spend $150 million my entire lifetime.

(Of course, if you're giving so damn much of it to your friends, who probably hung around you in the first place because they smelled money from the day they met you, that would go a long way towards explaining how you're so damn broke now).

And I don't see any of Iverson's so-called friends coming out of the woodwork now to help him out.
shawnpatrick
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#6 Posted on 20.2.12 2241.17
Reposted on: 20.2.19 2245.25
The NBA requires it's rookies to take a money management seminar basically telling them that the money will stop one day and plan wisely. And it's staggering how many people can blow through 100 million or more
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