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?
"AI gotta be AI." Momma.— sandiego1969- As a forensic accountant, get the detail. Why $10,000 per month for clothes and restaurants???? Who is he picking the tab up for????— TheGuyfromPhilly
- This guy is soooo stupid, he can't even make up reasonable lies.
— cuch - womens lib...is a joke...they all want money for nothing. guys dont get married.— psualum
- Nobody undestands me!! WAH! We talkin 'bout groceries man! Groceries? How do you possibly spend $10,000 a month on groceries AND restaurants? ? ? You have got to print the judges response when this gets to court. What a FOOL, another broke a** has been, but I'm sure his posse has his back.— EagleEye61
- Why does he need dry cleaning when he spends $10k a month in clothes? He obviously doesn't wear the same thing twice. And how do you spend $10k a month at restaurants, than another $10k food shopping if you are eating out every meal?— dankil13
- Obama will provide— Relocator
- obviously he is lying to reduce child payments and alimony.
he was, is and always will be a thug and a punk...also a loser that only got to the NBA finals because Larry Brown let him shoot as much as he wanted 1 year and filled out the roster with defensive specialists ....that only works for a year.— jp4210 - Why does the DN/Inky print these fables? No one in their right mind is buying this lie. AI is not the smartest athlete in the world but he is totally classless. Divorce is the motivator for his filing with the courts. There is a lawyer behind those claims. The amounts are shocking to regular people because they are outside the realm of reality. Towanna and her attorney are not buying it. They know he has a 55 Million Trust Fund. 2/3 of that will go to his kids. Any judge with a right mind would insure that outcome. No reason AI kids should be on the Public Dole. What he does with the remainder is up to him. He should get rid of the posse and hanger-ons now. He needs to start right sizing his life to adjust to his new economic reality or future. They should make a movie about AI to teach future Athletes on what not to do with their money. Education is the key.— A. Martinez
- He should run for Congress.— tooly
- Keepin it real— Mottz
- I remember back in his heyday he was supporting his entire posse. It was like 25 guys who did not work and did nothing but hang out with AI full time and he totally supported them. A fool and his money............— jak55555
- Need to add an adjective to his description:
Broke. Scum. Bag.— richojr 
For a guy who came from the projects, and knows what poverty is, this behavior should be ridiculed, mocked and condemned every single day. There should be an "Iverson as Fool" section added to the paper. Role model? You better believe it.
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- Typical NBA Trash!— Dogkilla
