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http://www.sky.com/skynews/article/0,,30500-12988724,00.html

 

Ah, poor boy. I wish I had the chance to look after even a small fraction of that....

 

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Fallen boxing king Mike Tyson has blown all but £3,000 of his £160m fortune, claim bankruptcy court papers.

 

Iron Mike, whose last fight was in February 2003, says he owes £14.4m, including more than £9m in tax.

 

 

The plummet from his perch on top of the boxing world is almost unparalleled.

 

In his heyday, the American was making around £10m a fight.

 

Even in his lesser years, such as his bout against Lennox Lewis in 2002, Tyson commanded multi-million-pound fees.

 

But the bankruptcy papers, seen by the New York Daily News, show a slump in his wealth and some unusual spending habits.

 

In December, the 37-year-old earned £385,000 but spent just £45. According to the papers, the previous month he earned £11,800 and spent only £3.

 

That's in sharp contrast to his infamous indulgences, including £40,000 for two Bengal tigers and more than £500,000 on gifts for people he "does not recall".

 

Tyson plans to alleviate his financial worries by stepping back into the ring in May or June.

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