Iverson talkin' bout finance in divorce court. Says he loses $300K/month
Allen Iverson and wife Tawanna remain engaged in a bitter divorce and The Answer recently outlined his finances in court documents filed in Georgia, and claims he runs a defecit of close to $300K per month according to a TMZ report.
Iverson talkin' bout finance in divorce court. Says he loses $300K/month
Dan Gross
Allen Iverson and wife Tawanna remain engaged in a bitter divorce and The Answer recently outlined his finances in court documents filed in Georgia, and claims he runs a deficit of close to $300K per month according to a TMZ report.
Iverson says monthly expenses cost him about $360,000 per month while he brings in income of $62,500 per month.
According to the court filings, Iverson pays more than $125,000 to assorted creditors including his jeweler, and also spends money on several mortgates, though as TMZ states, his Atlanta mansion is about to be auctioned off.
A.I. reports that he spends $10,000 a month on clothes, $10,000 on groceries, $1,000 on dry cleaning and $10,000 per month on restaurants (It’s unclear how much is spent at T.G.I. Friday’s) and entertainment.
Iverson, who earned about $150 million throughout his NBA career, still owns a Maybach valued at nearly $400,000.
What was wrong with the Bentleys in which he used to cruise around Philly?
I believe the issue he has with creditors, but no way do I believe the other numbers. As noted, he's in the middle of a divorce.— beegal99
he is broke because he has 30 of his friends still on the payroll. AI says he has grown up but obviously not. I would do anything to have a monthly income of $63K/mo, sickening.— birds748- He'd fit in well in Congress— JamesJ
- Pat c - I think Larry Brown was referring to a spelling error in the original story— PhilzFan
- N I double G A 4 LIFE— philly thug
- I think A.I. consulted President Obama on how he "balances" the budget. Yo Prez, it don't matter how much you earn, spend however you all choose to... ain't no one gonna force you to balance a budget. We talkin' 'bout budgets.— BFlint
- Let's see, we've got a President who NEVER worked in private industry nor balanced a budget. We've got tax cheat Timmy Geitner trying to push the President's "tax the rich scheme" and we've got Harry Reid leading the senate who has illegally failed to produce a budget the past 3 years. And people then we have these pro athletes who have never balanced a budget and have no concept of how to save money but expect to be bailed out just like the lazy folks who refuse to work.— BFlint
- Sme of you commenters are complete fools and idiots. You are jumping to the conclusion that AI is broke, but where did that info appear in this story? You assume that everything written here is factual, but you forget that this is a divorce proceeding. Men have to devalue their assets and income, inflate expenses and liabilities in order to prevent getting totally screwed. AI isn't broke and may never be. He didn't spend all of his money, you dopes. His wife knows that and wants a huge chunk of his retirement fund...— Getinline
- Another who cares article.— realtruth
- AI needs a tax cut so it can trickle down to all the dry cleaners out there.— TimO
- He could have remained in the game in some capacity, as a coach or executive, if he had been wired differently. But the lifestyle he chose to lead took him out of the game and onto the gossip pages. I wish him well and hope he somehow changes his course, but I don't see it happening. Indeed, he is a role model on how not to blow an opportunity that only a select few have a chance to experience....— DelawareRiverRat
- watching him go broke is great now fi he could get himself locked up that would be awsome— stayoutofphilly
- 60K$ in. 360K$ out. Just like Obama.— ACBaughman
- Did Towana tell you that???— obx2003
- He is just doing what Obama does.....— jet2012
