Live Nation Entertainment, Like Many Before It, Unclear What Mike Tyson Is Talking About

Mike Tyson has sued SFX Financial Advisory Management Enterprises, saying that one of its advisors embezzled more than $300,000 from him and cost him millions of dollars in potential future earnings. The lawsuit claims that although SFX has returned some of the money, it is still well short of returning what it embezzled. Tyson is seeking more than $5 million in damages, claiming breach of fiduciary duty, negligent hiring, unjust enrichment and other charges. “Defendants did not secure, protect, safeguard and appropriately apply the Tysons’ finances for their intended purposes,” the former boxer’s lawsuit states, “but instead misappropriated said funds for the benefit and enrichment of SFX/Live Nation.” SFX Financial Advisory Management Enterprises is owned by Live Nation. Live Nation Entertainment Inc. told the Associated Press that it had not yet been served with the lawsuit and thus could not comment on it. [LA Times]

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11 Responses to “Live Nation Entertainment, Like Many Before It, Unclear What Mike Tyson Is Talking About”

  1. Guest says:

    I find this post to be very troubling, and I am not happy. Where is Tyson going to be able to get his sleep? His money?

  2. Guest says:

    These advisers with their primitive skills, they didn't stand a chance.

  3. Tattoo on Face Fan says:

    Mike Tyson makes a hell of a lot more sense than Shazar.

  4. Mrs_Slocombe says:

    I’d pay $5 Million to here Mike Tyson say “Fiduciary Duty”

    –Don King

  5. Pleadings (excerpt) says:

    WHEREAS I'll sue you in the ass, you punks. You can't touch me, you're not man enough. I'll sue your asshole alive, you bitch. Come say it to my face and I sue you in front of everybody. You can't last two minutes in my world bitch. Look at you, you're scared now, you ho. Scared like a little white pussy. Scared of the real man. I'll sue you till you love me.

  6. Guest says:

    The advisor said he had Mike's cunsent.