Mike Tyson’s recent bankruptcy filing has delayed the ex-heavyweight champion’s best shot at a potential huge payday: his civil lawsuit against promoter Don King.
In a meeting this week with Judge George Daniels, both sides agreed to put off the scheduled September 22 civil trial until April, attorneys said on Wednesday. By then, the bankruptcy issues should be resolved.
”Although the bankruptcy involves separate issues, it is directly involved in the King litigation,” said Tyson’s attorney, Dale Kinsella.
”The King case remains a potential source of major assets for the bankruptcy.”
Tyson claimed in an August 1 filing that he’s now broke despite earning an estimated $300-million in the ring.
In his lawsuit filed in 1998 against King, Tyson alleged the promoter siphoned away millions of dollars in earnings. Tyson is suing his former promoter for $100-million.
King has denied he did anything wrong.
”All this shooting his mouth off that Don did this, Don did that — we wanted to show Tyson,” said King’s attorney, Peter Fleming.
”Don was very upset at the delay, and properly so.” — Sapa-AP