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?
the 10k on groceries is actually his weed budget.— TrollExterminator- Luckily, he can fall back upon the Georgetown education he obtained. Equally lucky that not thousands of well qualified students his age would have actually made use of the spot he took up.— ghostofozark
Comment removed.- this young man will always be a hood rat because of his hood rat mother, he brought the money and controlled evry bdoy around him and instead of his mother being a mother she turned to his friend. God bless this young man who is lost in the world of no mans land— aliha7
- Proof positive these athletes think they are minor gods.
I said the same on a Vick article....I don't hate Iverson but I am fascinated how quickly some people blow thru money.— 1000hugs - That's the problem with having all that money by the time you're 19, you never really know the value of money. He probably thinks those are all reasonable expenditures.— drbob1
- How does anyone blow thru 300.00 plus dollars a day on groceries??
OMG these athletes are morons.— 1000hugs - Larry Brown, your point is idiotic. A deficit means you are operating with spending more money then you take in. So, yea, Iverson is operating at a deficit.
Good try at being funny but it failed.
— Pat c - "Several mortgates"? Once more the out of towners (TMZ) scoop the local newshounds on what should be local story. But after decades of practice, hear see and speak no evil is an art at the Phillynews desk.— tom c.
- He sounds like the US government!!— marckahn
- $650/day for restaurants and groceries? Wow! Where does he shop for groceries? Where does go to eat? If he's spending that much on restaurants, why does he still shop for groceries? I guess feeding that entourage/freeloaders of his is hard work. I thought he's out of basketball? So what does he do to earn $62,500/month? I'd love to have that salary.— drjk888
- These kinds of stories put up all sorts of unfortunate mirrors for those who comment on them. They overlay their own biases and lay them bare for all (but themselves) to see. Personally, there isn't anything but a couple whose marriage is ending and a family that's dissolving. And the aftermath of a guy who (like every one of us) probably will look back and wish to have a couple key decisions to do over again.— doctorhim
- AI - Join Sam's club and buy some coupons from Resturants.com. $5,000 a month right there. Oh and don't forget your rewards points for credit cards and air travel.— towman
- How does he spend 10 grand on groceries when he eats out all of the time? Also, nobody in theri right mind spends $1000 on dry cleaning.— alihajishank
- Sad, very sad.— camasbud
