Friday, Aug. 21, 2009 | 5 p.m.
Mike Tyson has won a $1.2 million judgment in U.S. Bankruptcy Court against multiple entities — including British promoter Frank Warren, for money he was owed after he fought Danny Williams in 2004.
Tyson was to be paid $7.2 million for the July 30, 2004 fight in Louisville, Ky. But before the fight took place, Straight-Out Promotions said they did not have enough funds to pay the full amount. So to save the fight they offered Tyson TV revenue through a Gibraltar corporation called Brearly, which was connected to Warren.
Part of the Tyson's amount will go to the IRS to pay off Tyson's tax debt, while Tyson will receive the remaining portion.
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