BoxRec

I don’t think a million is that much now. Ten million is probably a new ‘millionaire’.

You should be comfortable with a million, if you are sensible with it, but you'd need several millions to live the high life these days.

Controversial wrote: ↑09 Dec 2022, 09:28 You should be comfortable with a million, if you are sensible with it, but you'd need several millions to live the high life these days.

More than comfortable. If you put it away wisely you won’t have the luxury yaught but you’ll be set for life.

high tower 1 wrote: ↑09 Dec 2022, 09:51

Controversial wrote: ↑09 Dec 2022, 09:28 You should be comfortable with a million, if you are sensible with it, but you'd need several millions to live the high life these days.

More than comfortable. If you put it away wisely you won’t have the luxury yaught but you’ll be set for life.

Yeah that’s what I meant, if you are sensible with it you should be set for life, of course there are lots of variables.

a force wrote: ↑09 Dec 2022, 06:47 They all want the lifestyle that comes with been a top boxer even though the majority don’t earn enough to fund that lifestyle beyond the end of their boxing careers.

They all get weighed in wearing designer boxers, they put their Moncler or Canada Goose coats on after the weigh in, they drive flash cars, they go on fancy holidays, they get the glamorous girlfriend & end up marrying her.

And then they lose big chunks of their purse to the taxman, the promoter, their trainer, fight camp expenses etc. And there’s not that much left.

Many of them end up divorced.

You’ve only got to look at Jamie McDonnell for example. Will have earned well over a million for the two Kameda fights & the Inoue fight but he’s divorced now & is up at the crack of dawn plastering every weekday.

I agree with most of this but re McDonnell I don't think the fact he's working means he's broke, maybe he is I don't know but he retired aged 35 (and that was after not fighting for 2 years) and needs to do something everyday and I guess that's what he knows.

mickey1975 wrote: ↑09 Dec 2022, 08:58 I don’t think a million is that much now. Ten million is probably a new ‘millionaire’.

I'd like to give it a go

Controversial wrote: ↑09 Dec 2022, 10:38

a force wrote: ↑09 Dec 2022, 06:47 They all want the lifestyle that comes with been a top boxer even though the majority don’t earn enough to fund that lifestyle beyond the end of their boxing careers.

They all get weighed in wearing designer boxers, they put their Moncler or Canada Goose coats on after the weigh in, they drive flash cars, they go on fancy holidays, they get the glamorous girlfriend & end up marrying her.

And then they lose big chunks of their purse to the taxman, the promoter, their trainer, fight camp expenses etc. And there’s not that much left.

Many of them end up divorced.

You’ve only got to look at Jamie McDonnell for example. Will have earned well over a million for the two Kameda fights & the Inoue fight but he’s divorced now & is up at the crack of dawn plastering every weekday.

I agree with most of this but re McDonnell I don't think the fact he's working means he's broke, maybe he is I don't know but he retired aged 35 (and that was after not fighting for 2 years) and needs to do something everyday and I guess that's what he knows.

Wasn’t he still plastering for most of his boxing career, even though he didn’t have to? Or did i imagine that?

Nightmare Roy wrote: ↑09 Dec 2022, 11:26

mickey1975 wrote: ↑09 Dec 2022, 08:58 I don’t think a million is that much now. Ten million is probably a new ‘millionaire’.

I'd like to give it a go

A million £s is loose change to a minicab driver in York.

Teddy's Toupee wrote: ↑09 Dec 2022, 12:48

Nightmare Roy wrote: ↑09 Dec 2022, 11:26

mickey1975 wrote: ↑09 Dec 2022, 08:58 I don’t think a million is that much now. Ten million is probably a new ‘millionaire’.

I'd like to give it a go

A million £s is loose change to a minicab driver in York.

Ruthless-RKO wrote: ↑09 Dec 2022, 07:21 When should you consider yourself millionaire?

When your net worth is £1.5m+

Technically it’d be when someone has £1m+ of net assets.

Nowadays though, with house prices being what they are there are a lot of people who probably are millionaires but don’t actually have much of it in cash and aren’t flash.

My mum and dad bought a nice house for £195k in 1995. It’s got an acre of garden and was in the country at the edge of a town. Since then the farmer fields that were behind it were sold to developers and anytime someone leaves their road, it’s sold to developers. My mum’s had offers of up to £900k for it so far and, if that’s the value of it, it would probably make her technically a millionaire as she doesn’t have a mortgage and she has savings.

She still drives around a 15 year old Ford Focus.

Mickey’s right in that being millionaire certainly isn’t what it was once.

When the term millionaire was originally floughted, a million was enough for a house in London, a place in the country, servants and the chauffeur driven rolls Royce.

I guess for that nowadays it would be a minimum of 10 million.

Coco wrote: ↑10 Dec 2022, 09:47 When the term millionaire was originally floughted it the million was enough for a house in London, a place in the country, servants and the chauffeur driven rolls Royce.

I guess for that nowadays it would be a minimum of 10 million.

Bellew considered himself financially free after the first Haye fight.

His purse was around £2.4m to £2.7m.

What would he have taken home after tax, manager/trainer/promoter etc?

He said before the Haye rematch that all the money had gone because he had invested it, I think in housing and he was set financially.

Luckily for him, he struck gold in the rematch and got the Usyk payday also. Just a bonus.

Coco wrote: ↑10 Dec 2022, 09:47 When the term millionaire was originally floughted, a million was enough for a house in London, a place in the country, servants and the chauffeur driven rolls Royce.

I guess for that nowadays it would be a minimum of 10 million.

i recently said 2.5 million probably the new million for the average joe. I would probably live a steady boring ish life with 2.5 but knowing me i would probably yolo it into bitcoin

Glass Joe wrote: ↑10 Dec 2022, 10:38

Coco wrote: ↑10 Dec 2022, 09:47 When the term millionaire was originally floughted, a million was enough for a house in London, a place in the country, servants and the chauffeur driven rolls Royce.

I guess for that nowadays it would be a minimum of 10 million.

i recently said 2.5 million probably the new million for the average joe. I would probably live a steady boring ish life with 2.5 but knowing me i would probably yolo it into bitcoin

Not sure I’d be going all in on Bitcoin any more !

Horrid to hear about Reid only getting 20k after deductions for the calzaghe fight. Who was advising him at the time? Why take a massive fight for just 70k? Feel bad for the lad, as Tris was intimating, he needs counselling given the impact his childhood has had on him. Its not until we get older that many of us feel the impact of being emotionally abused as a kid and it hits us fckin hard. Good to hear that he is using his own experience to make sure his son never faces the same. Thats what I did. But he needs to get some support for himself as well. Hope he does.

I need to listen to the 'Grim Reaper's interview.

If Reid is struggling financially I would have thought there would be some take up for an after dinner night. The guy had a stellar amateur career and a fascinating pro career facing the likes of Nardiello, Wharton, Calzaghe, Ottke, Froch, Lacy etc

THEBUTCH wrote: ↑13 Dec 2022, 21:38 I need to listen to the 'Grim Reaper's interview.

If Reid is struggling financially I would have thought there would be some take up for an after dinner night. The guy had a stellar amateur career and a fascinating pro career facing the likes of Nardiello, Wharton, Calzaghe, Ottke, Froch, Lacy etc

It's heart-breaking mate, really raw. Ironically one of the time he breaks down is when he's talking about the after-dinner circuit and having to request/beg for an extra 100 quid or so from the organiser as he's struggling so much. He deserved so much more from his career.

Deserter wrote: ↑15 Dec 2022, 12:54

THEBUTCH wrote: ↑13 Dec 2022, 21:38 I need to listen to the 'Grim Reaper's interview.

If Reid is struggling financially I would have thought there would be some take up for an after dinner night. The guy had a stellar amateur career and a fascinating pro career facing the likes of Nardiello, Wharton, Calzaghe, Ottke, Froch, Lacy etc

It's heart-breaking mate, really raw. Ironically one of the time he breaks down is when he's talking about the after-dinner circuit and having to request/beg for an extra 100 quid or so from the organiser as he's struggling so much. He deserved so much more from his career.

More needs to be done to protect boxers from the wolves, but the BBBofC does next to bot-all to help them. Boxers should have to pay into a mandatory pension fund.

Quigg is another good one. I can’t work out if he’s slightly autistic, very clever or thick.

Just finished the Robin Reid episode, it’s heartbreaking.
As everyone else has said, he comes across as a really solid guy that was taken advantage of during his career.

He’s in a dark place and without his boy, of whom he speaks so fondly, I’m not sure he’d still be around.

So sad

mickey1975 wrote: ↑16 Dec 2022, 03:26 Quigg is another good one. I can’t work out if he’s slightly autistic, very clever or thick.

About halfway through it and he'd definitely not thick given the way he articulates the importance of purpose etc. Think it's more about him having a very singular mindset.

Deserter wrote: ↑19 Dec 2022, 09:03

mickey1975 wrote: ↑16 Dec 2022, 03:26 Quigg is another good one. I can’t work out if he’s slightly autistic, very clever or thick.

About halfway through it and he'd definitely not thick given the way he articulates the importance of purpose etc. Think it's more about him having a very singular mindset.

I must admit I did wonder if he was showing some signs of damage, especially after saying his last two scans had shown changes. He seems to have a very slight pause or hesitation now and then when he speaks, not sure if thats always been the case with him though.

He’s always been like that.

Yep, Robin Reid's interview does become very sad as he opens up about his current financial position.

Cash strapped and very up & down mentally it seems.

The more the interview goes on he sounds 'psychologically trapped' in terms of how things haven't worked out the way he would have hoped for, which must be very tough for him.

He does seem to go around in circles about his situation at times which can't be good for him.

Hopefully he can catch a lucky break and start looking forwards, rather than dwell on the past.

The discussion about his career was thorough and Reid got a good opportunity to have his say about his career.

It might not have been everyone's idea of a tumultuous world title reign, but looking back at it from 2022 and how infrequently champions box now...Reid had 5 successive WBC world title fights between October 1996 and December 1997 That's really impressive