How Don King Completely Scammed Mike Tyson

How’s exactly did Don King steal $100 million from Mike Tyson? Find out in this video!

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$100 Million Lawsuit
In March of 1998 Mike Tyson filed a $100 million dollar lawsuit against Don King. How exactly did this happen?! Iron Mike claimed Don King had stolen roughly one hundred MILLION dollars from him over the past 10 years!

Don King’s Early Life
Don King is probably the most famous name in the boxing world. For anyone that’s not actually a boxer that is. That makes sense because he’s been behind a lot of champion fighters such as Muhammad Ali and Mike Tyson.

Boxing Career
Before he ventured into promoting boxers, Don actually had ambitions to get in the ring himself. He had a short stint in boxing where he competed in Golden Gloves tournaments as "The Kid."

Unscrupulous Businesses
Before he got into promoting, Don King had to sharpen his business skills first, He realized that he didn’t need to stop throwing punches. To him, having good enough punching skills on the streets was way better than if he were in the ring!

Street Fights
Then Don King got into another unorthodox way of making a living. Organizing street fights! This venture proved to be simple enough. All he had to do was look for guys willing to fight for some money. It was something he had no problem accomplishing.

Boxing Promotions
In 1972, he decided to organize a charity event for Forest City Hospital in Cleveland. He asked Ali to fight in a ten-round exhibition, something that Ali agreed to. This didn’t only ensure a successful fundraiser.

D’amato’s Objection
During, Iron Mike’s early boxing career, he was being coached by Cus D’Amato. He was the person who completely changed Tyson’s life. D’Amato played a central role in making Tyson the youngest heavyweight champion in history.

The Union
Mike Tyson got his first professional fight in May 1985 and floored his opponent in the first round. This was a big break for him and also Cus! Unfortunately, Cus passed as a result of pneumonia.

Big Checks
Under Don King’s promotion, Mike became one of the richest boxers ever. From 1987 to 1990, he remained the undisputed world heavyweight champion. To this day, he remains the youngest boxer to win a heavyweight title at 20 years of age.

Iron Mike Prison Time
Trouble for Tyson began in 1990. That’s when he lost in his legendary fight with Buster Douglas. He also ended up being sentenced to prison. With Iron Mike going to prison, that really shined the light at the dire situation of his cash flow, basically, the cash outflow.

Iron Mike Lawsuit
So in 1998, Tyson sued King for $100 million dollars. According to Tyson, this was the amount that King had stolen from him for over 10 years. Court records showed that Don King had contracts that not only made him Tyson's promoter, but also gave him 30% of his earnings.

The Settlement
Mike Tyson’s lawsuit wasn’t the first rodeo for Don King. He seems to have always been shady in his deals over the years with many of his boxers he represented. One prominent example was Muhammad Ali.

Bad Blood?
In 2003, Iron Mike and Don King tried to work things out between themselves and possibly work together again. Why do boxers keep wanting to get into deals with Don King?

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