Judge Orders Tyson Accounting
A federal judge Tuesday ordered an accounting of Mike Tyson’s boxing income since 1989 and how much was paid to his former manager, Bill Cayton.
The former heavyweight champion and Cayton, whose contract expired in February, are suing each other, both claiming they have been shortchanged by the other.
The accountant “shall not make any findings as to the proper or appropriate allocation of any such amounts, nor shall he determine what contracts are enforceable,” the order said.
Tyson, who earned an estimated $70 million from boxing, reportedly needs money to pay an estimated $3 million in legal bills resulting from his rape trial last February. Tyson took out a $1 million loan against an annuity established to provide for him at the end of his boxing career, according to Cayton’s lawyer, David Branson.
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