Did Don King sue Mike Tyson? - Fan Arch

Did Don King sue Mike Tyson?

Did Don King sue Mike Tyson?

Don King and Mike Tyson have had a complex and controversial relationship in the world of professional boxing. While it is true that Mike Tyson filed a $100 million lawsuit against Don King, alleging that the promoter cheated him out of tens of millions of dollars over more than a decade, there is no evidence to suggest that Don King ever sued Mike Tyson. This article will delve deeper into the lawsuit filed by Tyson and the subsequent settlement reached between the two parties.

The Lawsuit

On March 5, 1998, former heavyweight boxing champion Mike Tyson filed a $100 million lawsuit against Don King in U.S. District Court in Manhattan. Tyson alleged that King and his companies acted as one entity to enrich King at Tyson's expense. The lawsuit accused King of approving one-sided, unconscionable, and oppressive agreements between his companies and the boxing industry.

Tyson claimed that King had cheated him out of tens of millions of dollars over more than a decade. The lawsuit alleged that King took advantage of Tyson's vulnerability and lack of understanding of contracts to secure unfair deals. Tyson argued that King's actions were a gross conflict of interest.

The Settlement

After years of legal battles, Mike Tyson eventually reached a settlement with Don King. On June 26, 2004, Tyson agreed to drop his $100 million lawsuit against King in exchange for a $14 million payment. However, it is important to note that Tyson was not likely to receive the money himself. The $14 million payment would go toward paying off some of Tyson's debts to various creditors, including the Internal Revenue Service and his ex-wife, Monica.

To settle the rest of his financial problems, Tyson's lawyers presented a plan in federal bankruptcy court in New York. Under this plan, Tyson would fight seven times over the next three years. He would contribute the $14 million from King, an estimated $4.2 million from the sale of his two houses in Las Vegas, and $19.5 million from future fight purses to a fund to pay off his creditors.

The plan outlined that King would pay $8 million up front, with an additional $3 million in January 2005 and $3 million more in January 2006, pending the bankruptcy judge's approval. This settlement with King played a crucial role in addressing Tyson's financial difficulties.

While Mike Tyson did file a $100 million lawsuit against Don King, there is no evidence to suggest that Don King ever sued Tyson. Tyson alleged that King cheated him out of tens of millions of dollars over a period of more than a decade, but the two parties eventually reached a settlement. Tyson agreed to drop his lawsuit against King in exchange for a $14 million payment, which would go toward paying off his debts to various creditors. The settlement also involved Tyson fighting seven times over the next three years to contribute further funds to the payment of his creditors.


SHOP Mystery Signed Memorabilia

LATEST

  • NEWS
  • |
  • ARTICLES
  • |
  • VIDEOS
img_articles

Who are the Greatest Heavyweight of All-Time?

img_articles

10 Greatest Combat Sports Movies of All-Time

img_articles

Boxing Should Book Canelo vs Beterbiev in 2025

img_articles

Could Canelo Fight Crawford in 2025?

img_articles

Anthony Joshua vs Daniel Dubois Rematch on the ...

img_articles

Gervonta Davis To Fight Lamont Roach in December

img_articles

Canelo Alvarez Eyeing Move to Light Heavyweight

img_articles

Mike Tyson vs Jake Paul: How to Watch

img_articles

What is next for Anthony Joshua?

img_articles

History Is On the Line For Anthony Joshua on Sa...

img_articles

Canelo Alvarez is Still the King of Boxing

img_articles

David Benavidez's Net Worth: What You Need to Know

img_articles

Could Jake Paul and Logan Paul Face Off in a 20...

img_articles

Jake Paul vs. Mike Tyson: Everything You Need t...

img_articles

Tragedy in Tyson's Family: What Happened to Mik...

img_articles

Inside Jake Paul's Family: Meet Parents Greg Al...

img_articles

Who is Rodney Tyson? A Look at Mike Tyson's Bro...

img_articles

Exploring Mike Tyson's Family: Does He Have Kids?

img_articles

Doctor Mike's Boxing Career: From YouTube Sensa...

img_articles

Bernadette Robi: The Woman Behind Boxing Legend...

img_articles

Felicidad Iglesias: The Life and Legacy of Robe...

img_articles

Mikaela Mayer: The Visionary Boxer Paving the W...

img_articles

What is Jaime Munguia's Net Worth?

img_articles

Deontay Wilder: The Heavyweight Champion’s Jour...

img_articles

What Does Wladimir Klitschko Have a PHD In?

img_articles

Can Conor McGregor really fire Mike Perry?

img_articles

The Top 10 Bare Knuckle Fighters of All Time

img_articles

Did George Foreman Have Kids with his First Wife?

img_articles

Will Gervonta Davis Fight Vasyl Lomachenko in 2...

img_articles

Unveiling Mike Tyson's Marital Status in 2024

img_articles

The Legal History of Mike Tyson's Wife, Desiree...

img_articles

How Did Vinny Pazienza Break His Neck?

img_articles

Is Bare Knuckle Fighting Safer than Boxing?

img_articles

Jermall Charlo vs. Jermell Charlo: A Comprehens...

img_articles

How Much Does Jermell Charlo Make Per Fight?

img_articles

Nate Diaz's Next Fight: Who Should He Face Afte...

img_articles

What are Mike Tyson's Top 5 Nicknames?

img_articles

What is Felix Trinidad's Net Worth?

img_articles

How Old Was George Foreman When he Last Fought?

img_articles

Does George Foreman Still Own the Foreman Grill?

img_articles

George Foreman and His Church: A Journey of Fai...

img_articles

George Foreman: A Look Into the Boxing Legend a...

img_articles

Mike Perry: The Unconventional Journey of a Bar...

img_articles

Manny Pacquiao vs. Floyd Mayweather: Who Had th...

img_articles

Jake Paul and Jutta Leerdam: The Influential Co...

img_articles

What Happened Between Mike Tyson and Monica Tur...

img_articles

What is Sugar Ray Leonard's Net Worth in 2024?

img_articles

George Foreman: Boxing Legend Turned Entrepreneur

img_articles

Is the Mike Tyson vs. Jake Paul Fight the Most ...

img_articles

Mike Tyson vs. Jake Paul: New Fight Date Offici...

FAN ARCH PODCAST NETWORK

nothing

Mystery Signed Memorabilia

//script of featured and trending tab div