Boxing News: Riddick Bowe’s Slings and Arrows

BY Editor ON October 17, 2005
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Where did all the money go? The millions of dollars that Riddick Bowe allegedly earned during his illustrious run in the sweet science has disappeared. The former champ owes everyone under the sun, lawyers, brokers, businessmen, banks, furriers, and last but not least the state.

Bowe’s money’s not gone exactly. It’s just not Big Daddy’s anymore.

Former heavyweight champion of the world Riddick “Big Daddy” Bowe filed for Chapter 11 bankruptcy protection last week, listing more than $4.1 million in debt, and assets of between $1 million and $10 million dollars.

Big Daddy filed when he did to beat a new federal that law went into effect on Monday. According to his attorney Paul Nussbaum, Bowe's client's debts were tied to "business transactions and related litigation and liquidity issues."

Read the rest of this article and leave a comment at TheSweetScience.com BLOG

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