7 Reasons Why Allen Iverson Went Broke

[j-kid]

Allen Iverson went from globally-adored NBA icon to broke, divorced, exiled sports tragedy struggling to afford a McDouble. Known as the face of a generation, A.I. earned over $200 million during his 15-year NBA career and blew it all. Seems impossible, but that’s what made the 11-time All-Star shine on the court—him doing exactly that.

Here are seven reasons why Allen Iverson went broke. Take a look.:

See more at: http://bossip.com/763327/shattered-d...-went-broke/2/

[My Looh]

What is the saying about a fool and his money?

[RichD]

well he has this to look forward to

iincluding a deferred rust worth more than $30 million, a lump sum he can’t touch until he turns 55. -

these guys broke and regular folks broke are different things.

In a December 2012 court disclosure, Iverson told a judge that his monthly income was $62,500

[bonita83]

the link didn't work

[bonita83]

got the link now.. these rags to riches stories never end well...bad money management. he should have invested and started a business!