Ryan Lochte Loses Endorsements With Speedo, Ralph Lauren And Syneron Candela (Video)

U.S. Olympic swim team member, Ryan Lochte, has lost three lucrative endorsement deals, over lying about being robbed at gunpoint during the 2016 Rio Olympics. Speedo, Ralph Lauren and Syneron Candela dropped Lochte from endorsement deals in the fall out from the scandal that upset the people and government of Brazil. Lochte created a scandal after he lied during a televised NBC interview, falsely claiming he had been robbed with a gun pointed on his forehead. The Brazilian government investigated his claims and discovered Lochte and three teammates were drunk and engaging in vandalism at a gas station. It was also reported Lochte got into a fight with a security guard at the gas station.

 
Matt Lauer and Ryan Lochte
 

After the truth came out late last week, a contrite Ryan Lochte did another interview with NBC on Sunday, due to the firestorm of controversy his conduct created, in lying about being robbed at gunpoint. Lochte, who became tearful during the interview, expressed that he feels bad about his behavior. Lochte stated he should not have “over exaggerated” what transpired at a gas station. 

Ryan Lochte
 

Brazil is not happy about the incident. The government of Brazil slammed it during a press conference. Even in the conclusion of the Olympics, a Brazilian federal government employee, Vinicius Machado, lamented to the press while celebrating the success of the Rio Olympics, "We are a nice, friendly people. So we were anxious about this event. We were testing ourselves. We had some problems; we had some situations with the Americans, but we did it our way, and we did well, I think."

Ryan Lochte
 

Lochte has been spending too much time in Hollywood on the party scene, hobnobbing with celebrities, whose ways do not align with the rest of America. Before the scandal broke, Lochte even revealed he is moving from Florida to Los Angeles, California. Lochte is better off not being in Hollywood, who routinely abuse their celebrity in lying to the American people for sympathy, attention and profit. The American press is predicting Lochte will lose $15,000,000 in career endorsements over the incident that has so upset Brazil.

STORY SOURCE

Speedo USA Is Among 3 Companies to Drop Ryan Lochte Amid Rio Fallout
 

AUG. 22, 2016 - The fallout from Ryan Lochte’s story about being robbed at gunpoint in Rio — a tale the Brazilian police said was not true — took another turn Monday after three companies said they would end business partnerships with the American swimmer. Speedo USA and Ralph Lauren, the luxury clothing retailer, announced Monday that they would part ways with Lochte, a 12-time overall Olympic medalist. Syneron Candela, a company that sells hair-removal devices, told Reuters its relationship with the swimmer ended on Sunday. 

Speedo USA said in a message posted to Twitter that it would instead donate a $50,000 portion of Lochte’s fee to a charity to help Brazilian children. “While we have enjoyed a winning relationship with Ryan for over a decade and he has been an important member of the Speedo team, we cannot condone behavior that is counter to the values this brand has long stood for,” the company said in its statement. 

On Monday, Kim Angelastro, a spokeswoman for Syneron Candela, wrote in an email, “We hold our employees to high standards, and we expect the same of our business partners.” Lochte was a spokesman for its Gentle Hair Removal brand. Through a spokeswoman, Ralph Lauren said Monday that Lochte’s endorsement agreement with the clothing company had been only for the 2016 Olympics, and that his contract would not be renewed...

http://www.nytimes.com

‘Let’s dance’: Olympics ends in relief for Brazilians
 

August 21 at 7:59 PM - RIO DE JANEIRO — Under a tropical drizzle, Brazil kicked off the last act of South America’s Olympic debut Sunday night, a danceable farewell to a zany 17 days of brilliant athletic performances and a decathlon of mishaps. Athletes shrouded in plastic ponchos, smiling through the rain, seemed an apt ending to an Olympics that was always an uphill climb. With dancers dressed as colorful birds, fiddlers and fireworks, Rio drummed and stomped its way to a happy, sopping final note, as they prepared to put out the torch and pass the baton to Tokyo, the next host city... 

But on a drizzling Saturday afternoon there was Vinicius Machado, a 24-year-old IT infrastructure planner for the federal government, who was drinking a beer at a picnic table in Olympic Park. Maybe these Games were not as seamless as in London or Beijing, he said, but Brazilians got it done, and those who came had a good time.

“We are a nice, friendly people. So we were anxious about this event,” he said. “We were testing ourselves. “We had some problems; we had some situations with the Americans,” he added. “But we did it our way, and we did well, I think.”...

https://www.washingtonpost.com

Chris Brown Fired From Las Vegas Residency For Calling The Night Club Racist

Chris Brown

 

R&B singer Chris Brown has been fired from his Las Vegas night club residency at Drai's. Previously, Brown announced a deal regarding performing approximately 50 shows at the night club over the course of at least one year. Midway into the deal things have fallen apart, as Brown accused the club's employees of being racist to him. Brown posted the claim on Instagram, which infuriated the owner of the night club. 

Brown did not specify exactly how the club was being racist to him, which could cause him problems. Brown should have been more specific regarding his claims, as now the club has terminated their deal with the singer, costing him several hundred thousand dollars, having taken offense at his statements. Drai's is disputing Brown's claims in trying to defend their name. If Brown is to sue for wrongful dismissal, he would have to prove his claims. Conversely, if Drai's sued for defamation, Brown would have to prove his claims to avoid being hit with a substantial financial judgment.

Since the Rihanna domestic violence case, which resulted in him being blacklisted by many sponsors, Brown's income has been largely derived from club appearances, concerts in select nations that have not banned him for being a convicted felony, merchandising, record sales, music publishing and guest appearances on many songs. Concerts are Brown's most lucrative source of income. If that begins to go, it will negatively impact his finances and financial commitments. Brown has bought multiple homes using mortgages and has several car notes that must be repaid.

While under the influence of drugs and alcohol, Brown has been making a number of incendiary accusations this year regarding a private jet pilot, his former manager, tour manager, publicist, a night club bouncer and now Drai's. Sadly, the drugs and alcohol have Brown engaging in dangerous behavior that is becoming very detrimental to his health and career. 

For Brown to have even bounced back after the Rihanna domestic violence case and earned millions of dollars from revenue sources in music and film, was completely out of the norm coming off such a scandal. In warring with his team and business associates, Brown risks the complete collapse of his career and millions of dollars in financial loss. 

Brown's drug problems have become more severe. Where his team would be able to get him sober for interviews and public appearances, he is now during all his waking hours. Due to this fact, Brown is getting into one disaster after another and releasing videos on Instagram that painfully illustrate his insobriety. In looking at the videos, it is easy to ascertain that Brown is sad, unhappy and lonely. He looks so lost. However, his family refuses to get him the medical help he needs regarding his raging drug problem, for fear he will financially cut them off.

STORY SOURCE

Chris Brown Call a Vegas Club Racist ... Get Fired
 

7/11/2016 12:40 AM PDT - Chris Brown played the race card and it cost him his Vegas gig. The singer was 86'd from his Vegas residency at Drai's Nightclub for refusing to apologize to the club's owner after calling Drai's a racist venue ... according to a letter management fired off to CB's attorney and obtained by TMZ. 

Not too long ago ... Chris torched the club on Instagram, and that pissed off Drai's to the point it issued an ultimatum -- apologize or get out. But it wasn't just the IG post ... Drai's says Chris' recent behavior has "garnered negative public attention" causing concern among Drai's management... 

http://www.tmz.com
 
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Floyd Mayweather Retires With $1B In Earnings And Manny Pacquiao With $500 Million Proving Boxing Is A Lucrative Sport

Manny Pacquiao and Floyd Mayweather after May 2, 2015 fight

The career earnings of recently retired 39-year-old boxer, Floyd Mayweather, is approximately $1 billion dollars. The career earnings of Mayweather's top rival, 37-year-old Manny Pacquiao, who announced his retirement as well, is approximately $500,000,0000, according to an article published on the Forbes website. Those are staggering figures for any athlete in any sport. There are a number of other boxers who have become multi-millionaires from boxing as well.

Some may scoff at earning a living from boxing, but many athletes have used the sport to support themselves and their families quite well. They've proven boxing can be a great source of income. It takes hard work, dedication, discipline and practice, but it can be done. It also takes good business management. When some people hear and read about the big financial figures being tossed about, it sometimes brings out the greed and envy in them and they try to rip boxers off. So, you have to be careful. Know what you are signing and how your money is being collected and spent.

There are things you can do to help and protect yourself. My dad, a former professional athlete and coach, is of the belief it is a good idea that young boxers seek out the knowledge and assistance of older, veteran boxers. His advice regarding the subject is, "Find a good, old boxer." They can give you tips on life inside and outside the ring, in sharing their experiences. Many of them enjoy being in boxing gyms and soaking up the atmosphere, long after they've retired. Talk to them and see what you can learn. 

Timothy Bradley and Manny Pacquiao during April 9, 2016 fight

Mayweather, for instance, had the benefit of his father and uncles, former professional boxers, training and guiding him. It made a big difference. He benefited from their experiences in the ring. Mike Tyson was trained by boxing veteran, Cus D'Amato, who was a boxer and had decades of experience as a trainer when he took Tyson under his wing. Current world champ, Tyson Fury, was trained by his dad, a former boxer (as well as his uncle Peter Fury) and he gained from their experiences. There are tricks of the trade and when you have someone who has been through it helping you with your career, it will benefit you.  

Be careful listening to friends who are not knowledgeable on the sport. They may mean well (while some are just hanging around hoping you'll make money and acquire other material things they can get) but if they don't know the sport and they are trying to assist in training you, they could be telling you things that will lead to you forming bad boxing habits that could cause you trouble in the ring. Keep your practices and form textbook correct, punch perfect.

Even though you are just starting your career, you have to think ahead. Don't do things now that you will regret later. I've often written in this column that entertainers and athletes need to keep their image as family friendly as possible, because it sets a good example and will lead to endorsements that can support you and your family. People make millions of dollars from endorsements alone (this is on top of purse money). So, stay out of trouble and be careful of what you post on social networking.

 

STORY SOURCE

Floyd Mayweather: By The Numbers

 May 2, 2015 @ 06:49 PM 48,556 views - Floyd Mayweather (47-0) faces Manny Pacquiao (57-5-2) in the “Fight of the Century” Saturday night from the MGM Grand Garden Arena in Las Vegas. The sports world has waited nearly six years for boxing’s two biggest stars to square off in the ring with many figuring it would never happen thanks to the animosity between the camps of the two champions. But the money was too much to resist for all parties involved and off we go. Win or lose, no one will make off better financially on Saturday than Mayweather. He stands to make at least $150 million from the bout cementing his place on top of the world’s highest-paid athletes.

$99.99: Record cost of Saturday’s fight in HD. Standard definition is $89.99.

$400,000: Value of Rolex watch Mayweather received from the MGM Grand as a gift.

$750,000: Cost for Mayweather to get out of his Top Rank contract in 2006. It was the best investment in the history of boxing.

2.48 million: Record PPV buys for his 2007 fight against Oscar De La Hoya.

5.9 million: Mayweather’s Twitter TWTR +4.83% followers, which ranks seventh among active American athletes. LeBron James leads among U.S. athletes with 20.8 million. Mayweather also has 10 million Facebook fans.

14.5 million: Total career PPV buys for Mayweather fights, which ranks first all-time.

$25 million:  Mayweather has earned at least $25 million for each of his past 10 fights. Saturday night marks No. 11.

$41.5 million: Record guarantee Mayweather received for his 2013 fight against Canelo Alvarez.
 

$72 million: Record live gate for Saturday’s fight. The previous record was $20 million for Mayweather-Alvarez.
 

$73 million: Mayweather’s total earnings for his fight against Alvarez, including his share of PPV revenue.
 

$123 million: Cash in Mayweather’s bank account, according to a 2013 ESPN The Magazine profile, before his $73 million Alvarez payday.
 

$153 million: Record PPV revenue for Mayweather-Alvarez.
 

$200 million: The amount Mayweather says he will make from Saturday’s fight. He’s being a tad optimistic unless the PPV buys go nuts. Mayweather posted on Instagram in 2014 that he would make $70 million from his first Marcos Maidana fight after the PPV money was counted. Mayweather made $32 million.

$420 million: Mayweather’s career earnings ahead of Saturday’s fight.
 

$873 million: TV revenue generated from Mayweather’s 13 PPV fights, which ranks first all-time. He’ll move past $1 billion Saturday night.

http://www.forbes.com 
 
Manny Pacquiao Set To Retire After Bradley Fight With $500 Million In Career Earnings
 

Apr 9, 2016 @ 10:00 AM 22,269 views - Update: Pacquiao won a unanimous decision against Bradley and reiterated that he is retired “as of now.” Manny Pacquiao squares off in the ring against Timothy Bradley Saturday night at the MGM Grand Garden Arena in Las Vegas.

Pacquiao says it will be his final bout, although many are skeptical, including his trainer Freddie Roach and long-time promoter Bob Arum. Pacquiao reiterated his stance at Wednesday’s press conference as he plans to focus on his political career with a senate election on the docket next month in the Philippines. “This is my last fight,” he said.

If it is the end of the road, Saturday’s fight will wrap an extraordinary run where Pacquiao rose from living in a cardboard shack in the Philippines to one of the most marketable and bankable athletes on the planet who won world titles in a record eight divisions. The result after Saturday: Pacquiao will have earned $500 million from boxing purses and endorsements during his two-decade professional career...

 http://www.forbes.com

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Chris Brown’s Settlement With The Mother Of His Child Will Keep The Peace For Now But...

Increased Income Could Bring More Litigation

Chris Brown and his beautiful daughter Royalty

Chris BRown and Nia Guzman, who is the mother of his child, Royalty Brown, have reached a custody and child support agreement, regarding their 1-year-old daughter. Guzman will continue to receive $2,500 per month from Brown, as she has been for the past several months. Guzman was unable to overturn the judge's decision in declining her demand for $15,000 per month. However, Brown will pay for a nanny for his daughter, as well as medical expenses for the little tot. There will be no supervised visits and Brown will get custody of Royalty 12-days per month.

For the sake of Royalty, here's hoping things will be amicable and peaceful. Guzman and Brown certainly do not love each other and he is bitter towards her, not his child, regarding the demise of his relationship to long-term girlfriend, Karrueche Tran, due to cheating (now she's dating a $40,000,000 football player who is cute and doesn't skip leg day at the gym). However, Brown and Guzman need to keep things civil and out of the press.

As reported previously on the site, Guzman was feeding blogs stories about Brown that were very personal and unflattering, in trying to extract more child support money from him. As Brown's earnings go up, in the event he takes on a Las Vegas residency that would earn him $50,000 per night, Guzman may try to request more money again through the courts, as is standard in child support cases.

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Judge Sides With Chris Brown Against The Mother Of His Baby Denying Her Request For $15,000 In Monthly Child Support And Full Custody (Video)

Chris Brown Is Facing Big Child Support Payments

Chris Brown, Karrueche Tran and Nia, among others partying

California courts are known for awarding large alimony and child support payments to mothers, especially those whose babies are sired by stars. R&B singer, Chris Brown, impregnated one of his side chicks, Nia Amedy and is now facing a big monthly child support payment. 

Nia Amedy and Chris Brown's baby

Payments are calculated based on income. Hollywood stars are always complaining about child support and or alimony payments, stating they are too high, as it sometimes it is fixed for months or years, based on income that often greatly declines. Amedy could end up with over $10,000 per month in support, especially considering Brown is on tour earning more money.

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Chris Brown Is Daddy To A 9-Month-Old Baby Girl By Longtime Friend Nia

'Love And Hip Hop Hollywood' Reality Star Lil Fizz Gets Back On His Feet

Lil Fizz

Rapper turned reality star, Lil Fizz, started the year on the heels of a big financial setback, after filing for bankruptcy in 2013, losing his condo and business. His relationship with girlfriend, Amanda Secor, was in trouble, as she cheated on him with a man in Miami. Secor was not supportive of Fizz, choosing at times to insult his ambitions. 

 

Lil Fizz Christmas tree in his new place

During the course of the year (2014), Fizz signed up for a reality show, "Love And Hip Hop Hollywood" dropped a new song and via the program made paid public appearances all over America, earning enough money to get a new place for himself and his 4-year-old son, Kameron. Fizz definitely saw progress and improvement in 2014.

What Managers, Coaches And Trainers Look For In Athletes

Many people want to become professional athletes and wonder what it takes. Natural talent is very important. However, other factors are important as well. The willingness to work hard is a second important trait. Sports is physically demanding and requires many hours of training. You must be willing to put in the time and effort in extensive, exhausting practice sessions and in play.

Discipline goes hand in hand with hard work. You have to discipline yourself to train long hours and not get into trouble with drugs and alcohol, which wreak havoc on an athlete's body.  Having one drink is one thing (wine is the least damaging) but getting high on drugs and drunk on alcohol is quite another. There have been high profile cases of notable, talented athletes, whose careers were derailed by drugs and or alcoholism.  

The willingness to listen and cooperate is also an asset. Managers, coaches and trainers prefer athletes who are not stubborn and are willing to listen to their advice that comes from many years of experience. The willingness to listen to instructions, correction and advice, putting it in motion in real life situations in and out of play, will make you more successful. 

No matter how good of an athlete you are, you don't want the manager or coach to become exasperated with your attitude or antics in or out of play and bench you. There's only so much the average manager or coach is willing to take. Get behavioral issues under control. 

There have been a few athletes who were warring with people they work with because training and team commitments interfered with their partying scheduled. That's another thing, you cannot be a successful athlete chasing tramps and partying all the time. It will sap your strength and damage your career. Your performance off the pitch/field/court with all these women will negatively impact your performance on the pitch/field/court.

See your career as something you love, but also a business. Only listen to the most experienced, tried and tested individuals, who are professionals with a track record for being correct and successful. Listening to your friends and or girlfriends, who do not know the business, with some acting out of self-interest, will not help you in the long run.

 

For example, your friend wanting to manage your career, with no business experience or contacts in the industry, as opposed to you signing with a manager or agent with years of experience and proven success. That is a big no-no. Many careers have suffered going this route. The entertainment and sports industries are very specific and complicated. It's not cut and dry. There are many intricacies. An experienced and connected manager and or agent will get you places and more income much quicker than your inexperienced, untrained friend off the street attempting to trade off your burgeoning name. 

A good manager or agent will confidently and constantly work via their connections to get you deals with corporations that make sports drinks, soft drinks, food, footwear, apparel, cars and other items that are a good fit with your brand. Your friend who is not in the industry will have a very difficult time getting meetings with the aforementioned people.

Another example, your girlfriend not wanting you to sign with certain teams in certain cities. You think it is because she does not believe they are the best teams and will not win championships, when it has been proven in quite a few cases it's about the number of models and groupies that reside in said cities (Miami, Los Angeles and New York ect). Don't laugh, I know of cases where this happened but I don't want to name names and embarrass anyone. That's not the purpose of this article.

 

Save for a rainy day

Unless your girlfriend is a professional athlete, manager, agent or works for a sports organization in an executive capacity, it is best not to accept life changing career advice from her. She may mean well, she may be only thinking about herself, you don't know, but at the end of the day, it is best to listen to the professionals. 

Additionally, whether you are on a squad or in a solo sport, once you get signed, you will have a team of professionals behind you and you need to make the best effort you can to cooperate and work with them. No man is an island. There's nothing wrong with getting help from others under the correct, prearranged terms, hammered out in proper contracts. And remember, you head up your personal business team, you set the agenda, don't let anyone push you into anything you do not feel comfortable doing.

Work with knowledgeable, experienced people, as it will make a difference in how much of an impact your career makes and how much income you earn. It's not about greed, but one must keep in mind, the average professional athlete's career lasts roughly 5-years. Some exceed that, but many fall under the five year average as well. Therefore, you need to make the most of it while you have it, to set yourself and your family up financially for the future. As the Judiciary Report always advocates, use a small portion of your earnings to start a sensible business.

Bills don't pay themselves. Think big and try to think ahead and with that in mind, make the most of today with the best deals and endorsements your team can find. 

50 Cent Mocks Floyd Mayweather’s Reading Abilities Again With A Poorly Written Note To Rapper TI’s Wife Tiny

50 Cent's post on Instagram

Rapper 50 Cent is at it again. After he mocked the world's richest boxer, Floyd Mayweather, regarding reading difficulties he exhibited during a radio show, provoking a response advising 50 Cent to read how much money the pugilist makes via two posted checks totaling over $72,000,000, the rapper decided to target the champ again (50 Cent Cruelly Mocks Floyd Mayweather's Reading Abilities When Many People Struggle With Illiteracy). 

Floyd Mayweather's tweet addressing 50 Cent's insults

50 Cent posted an item to his Instagram mocking Mayweather. The caption on 50 Cent's post read, "You put up a check. That must be for a blogger. You know I got money." The question is, which blogger is 50 Cent talking about. You trying to say bloggers are broke? We're not. I've got $10 in the bank and I resent that comment (I'm kidding about the $10).

50 Cent and Floyd Mayweather

The fake note 50 Cent wrote and posted on Instagram, was poorly written and contained many spelling errors, under the pretense it was authored by the  champ and addressed to reality star, Tiny, wife of gun-toting rapper TI. There is bad blood between TI and Mayweather, as the rapper is of the belief the boxer had sex with his wife Tiny. Mayweather denies the allegation.

STORY SOURCE

Floyd Mayweather Responds to 50 Cent After (Pseudo) Ice Bucket Challenge—See the Photo!

Sat., Aug. 23, 2014 3:13 PM PDT - Floyd Mayweather's response to rapper 50 Cent is so money. The hip-hop star had on Thursday shared a video showing himself forgoing the now-viral ALS Ice Bucket Challenge, taken by scores of celebrities, and issuing a new one—he said if the boxing champion would read one page from a Harry Potter book, he would donate $750,000 to charity.

On Saturday, Mayweather posted a photo of two checks that would probably not be accepted as a mobile deposit. "Read this $72,276,000.00. God bless," he said. "I guess you want people to see your math is better then your reading," 50 Cent tweeted in response to the photo.

He also posted an expletive-filled video posted on his Instagram page (warning: strong language). "You put up a check. That must be for a blogger. You know I got money," he said...

http://www.eonline.com

Boxer Shot Five Times In Gangster Attack Leading To Postponement Of Show

 

Jamie Moore

Former European boxing champion turned trainer, Jamie Moore, 35, who hails from Manchester, England, was shot five times while on vacation in Spain. Moore was vacationing at the $3,000,000 mansion of gangster, Daniel Kinahan, who is the son of Irish cocaine drug kingpin, Christy Kinahan. Reports indicate it was a case of mistaken identity, as Moore was "kneecapped" with two of the bullets hitting each leg. 

Moore was training Irish boxer, Matthew Macklin, who was set to headline a sold out Matchroom Boxing show in Dublin, Ireland on August 30, 2014. The show has now been postponed. Moore took to Twitter and stated, "It's at times like this that you realise how well your thought of. I've had unbelievable support. Means a lot it really does. Thanks for all the well wishes. Overwhelmed. Gutted and confused about what happened, but thank God I'm ok."

This incident is another example of how unpredictable sports can be for money and the importance to save one's earnings. Moore quit boxing in 2010 after a doctor informed him a routine scan had revealed changes in his brain. Just like that, his boxing career had come to an end, right before he was in contention for a world title. 

A second example of how unpredictable sports can be for many, the aforementioned shooting has delayed and possibly destroyed a payday for all the boxers on the postponed "Return Of The Mack" boxing bill in Dublin that was scheduled for August 30, 2014. 

Once again, this is why the Judiciary Report has repeatedly emphasized in articles that athletes (and entertainers) in general, should save their money, spend wisely and seek sound business choices, as anything can happen. 

Partying Your Career Away (Johnny Manziel)

Johnny Manziel is burning the candle at both ends

21-year-old NFL football player, Johnny Manziel, A/K/A Johnny Football, who recently signed with the Cleveland Browns, has come under fire by many for engaging in too much partying. Photos have been making their way around the internet showing Manziel partying with alcohol and loads of women. This is a shaky start to his pro-career. It also makes coaches nervous.

 

Manziel is always partying

The Washington Post wrote, "It's going to be really fun to watch Johnny Hungover try to play quarterback in the NFL with nightclub-baked eyes and the shakes." Former NBA star turned commentator, Charles Barkley stated, "Johnny has to understand, everybody has a cell phone. You have to be careful when you're out in public...Johnny Manziel and his friends are always taking pictures. You should never take selfies of yourself doing anything that can be considered stupid..." 

 

Manziel and a friend out partying and drinking

The negative effects of alcohol on athletes is well documented. It’s one thing to have a glass of wine, but drinking beer and excessive amounts is damaging. Spending time partying when you could be studying plays and training is also inadvisable. The constant partying is wasted time and energy that takes away from one's athletic ability and strength.

Manziel advertised his gambling habit with this photo he posted to Instagram titled "Casino Ballin" prompting heavy criticism from the athletic world 

Manziel is a very promising talent, but if he wants to make a big impact on the NFL, he is going to have to cut out the partying, buckle down, dedicate himself to his craft and make sacrifices. NBA basketball star, Lebron James, is a friend of Manziel’s and he needs to talk to him in an effort to try to get him to calm down before he wrecks his career and life. 

Manziel is always surrounding himself with women, a habit that's jeopardizing his health and sapping his strength. Not to mention, potential sponsors don't like seeing this type of debauched behavior.

In Britain, team managers impose curfews and strict dietary demands on football players. Former Manchester United coach, Alex Ferguson, had a clear cut policy when it comes to partying and excessive drinking. Manziel could benefit from such a regimen, lest his career crashes and burns.

Do Boxers Really Fight 'Bums'

Deontay Wilder

American heavyweight boxer Deontay Wilder has faced criticism over cherry picking opponents to build up his impressive 31-0 record, all by knockouts. Some have criticized him (and others) as boxers “fighting bums.” To call a boxer a “bum” is mean. That’s someone who trained hard and is bravely stepping into the ring. The funny thing is people harshly demanding rounds and tough opponents who aren’t “bums” wouldn’t last two seconds in the ring with any boxer, amateur or pro. You want those rounds, you get in the ring then (LOL). 

It is undeniable Wilder can box. However, boxers shouldn’t be rushed up the ranks. Wilder has been granted a steady ascent full of wins. For any boxer, each fight should be properly matched and selected to ensure maximum benefit to one’s client. You don’t put your client in the ring too early with someone they are not ready for. Every champion boxer was once an amateur and had to start at the bottom and work their way up. Respect the process.

Lennox Lewis

A boxers ascent should be steady and smart, not accelerated. This gives the boxer time to develop as a pugilist, get all the kinks out of their game and for their respective manager to make sound, lucrative deals. Promoters should give managers a chance to properly market their boxers, setting them up with several endorsement deals, to financially set them up for life. Because all it takes is one punch from another boxer to result in a knockout and damage financial prospects. Remember, sponsors want to back winners. That’s just how it goes. 

Former heavyweight boxer Mike Tyson’s first title fight was his 28th. His predecessor Muhammad Ali’s first title shot was his 20th fight. It gave them time to gain experience at a proper pace. It paid off, as they became champions and legends.

       

Floyd Mayweather

Even if a fairly new boxer earns $100,000 to $150,000 in one year that can’t last for the rest of their life, in the event something goes wrong with their career. Many boxers don’t have a college degree to fall back on. Therefore, promoters and managers must be smart about decisions made regarding boxers’ careers and allow room for proper financial progress and planning. 

History has shown many boxers have ended up in financial straits. It is an unpredictable sport. Therefore, boxers must make the most of their opportunities while they have them, as many careers only last a few years. Not everyone becomes rich like Ali, Mayweather and Lewis. 

A FEW TIPS 

Learn your craft. Make sure your form and technique are textbook. It’s not an insult. You must first master the fundamentals. Correct where you’re going wrong. Be open to constructive criticism from a sensible, experienced trainer with a proven track record, as that is the only way you will reach your full potential.

Limit risks that could create injury in training, in the ring and outside the ring.

Have proper insurance.

Pay your taxes. Don't end up in jail over tax delinquencies and avoidance.

Work on your public image to make yourself more attractive to endorsers. Don’t be reckless on social networking and at public events, as it will come back to haunt you in the business world. Even people not in boxing are finding out the hard way that potential employers are searching social networking before they hire an applicant and if they see anything inappropriate on your page it will likely cost you the job (that’s money not in your pocket). 

Use some of your earnings as down payment on a home (even if it is a modest one). Property ownership is a wiser choice than renting and you are in a position where you can earn enough for a down payment much more easily than the average person.

Use some of your earnings to start a small business that can provide for you and your family in the event your career hits financial difficulties in terms of lack of prize money.

Do not give anyone power of attorney over your finances. You should always be the final say on your money. There are unscrupulous people in this world who will plan and scheme regarding ways to take your money from you.

The foregoing is not a matter of being greedy or materialistic. It’s just that I’ve seen so many stars crash and burn. Therefore, I write from what I have witnessed. I’ve seen many singers, actors and athletes go broke over the years and suffer emotional and mental distress as a result, some even became suicidal (and suicide is not the answer to one’s problems) which could have been avoided with proper career and financial planning.

Your bills will not pay themselves. You have to be realistic and plan for your financial future. It’s a terrible thing to experience financial loss and instability that not only affects stars but their families as well. Be smart about your career. Find ways to sensibly earn income, don’t be wasteful and make the most of all your opportunities while they are there.

Floyd Mayweather Named The World's Highest Earning Athlete

Floyd Mayweather calls himself "Money" for a reason...

Undefeated boxer Floyd Mayweather has been named the highest earning athlete in the world by Forbes magazine. "Money May" earned an estimated $105,000,000 over the past 12-months to top the list. Mayweather, who resides in Las Vegas and has a home in Miami, has branched out into various areas of commerce. He has Mayweather Promotions in boxing, Shots in social networking, as well as making investments in various companies.

Floyd Mayweather and Lebron James

Coming in second on the list is football superstar, Cristiano Ronaldo, earning $80,000,000 over the past year. The Portuguese footballer, who previously played for Britain's Manchester United, is now with Real Madrid in Spain, racking up win after win on the pitch. Cristiano is quite happy with his earnings. He was spotted doing the samba in Brazil, during a World Cup training session that left social networking laughing in stitches. Cristiano also piped his top football rival regarding Forbes' rich list. Gifted footballer Lionel Messi placed fourth on Forbes' list, earning  $64,700,000.

 

Cristiano dancing is pure comedy

Ranking third on the list is the Miami Heat's Lebron James. King James, as he is affectionately called, is currently the best basketball player in the world. Lebron pulled in an estimated $72,300,000 over the past year. Forbes stated, "James is the NBA’s biggest endorsement star, thanks to deals with Nike, McDonald's, Coca-Cola , Upper Deck and others. Sales of his signature Nike shoes were tops among active players at $300 million in the U.S. during 2013."

STORY SOURCE

Floyd Mayweather Heads 2014 List Of The World's Highest-Paid Athletes

6/11/2014 @ 10:54AM 70,018 -  Money Mayweather regains his spot as the world’s highest-paid athlete...Mayweather earned $105 million during the past 12 months for 72 minutes of work in the ring for fights against Canelo Alvarez and Marcos Maidana. The payday puts Mayweather atop Forbes’ annual list of the world’s highest-paid athletes for the second time in three years. Mayweather is the first athlete, besides Tiger Woods, to crack the $100 million earnings threshold (Michael Jordan, Michael Schumacher and Mike Tyson have also turned the trick on an inflation-adjusted basis)...

http://www.forbes.com

Chris Brown’s Girlfriend Karrueche Tran Strikes Another Deal

Karrueche Tran's Instagram post

Aspiring model and fashion designer, Karrueche Tran, has just struck another endorsement deal, sure to tick off the “Rihanna navy” comprised of a few of Rihanna's rabid fans that troll social networking accounts harassing people and getting blocked. The "Rihanna navy" repeatedly refer to Tran as broke when she is not. Tran has a new endorsement deal with Bleu Ribbon hair extensions, which she posted about on Instagram. 

Hi haters!

Tran also continues to do modeling assignments and make paid public appearances (Chris Brown’s Girlfriend Karrueche Tran Lands New Endorsement Deal To The Resentment Of Rihanna Fans). Try as they may, the Rihanna navy has been unable to stop Tran, who they continually harass and threaten on Twitter and Instagram, when she’s done nothing to them. Why keep cyberbullying her on social networking. It's not going to stop her dating Brown. That's between them. 

Congress And Obama’s Approval Ratings Sink To New Lows Due To Government Shutdown

Head of the Republican Party, Senator John Boehner and leader of the Democrat Party, President Barack Obama

The current U.S. government shutdown has greatly displeased the American people, so much so President Obama’s approval ratings have dropped 10 points to 37% and Congress took the biggest hit, falling to 5%. Congressional fights over ObamaCare, President Obama's health care program that began a rollout this month, is the center of the debate.

Can’t blame people for being upset with the government, can you. The shutdown never should have happened. The massive number of furloughed government workers during tough financial times is inexcusable. The government is playing with people’s pay and to very adverse effects, in conduct that needs to stop. It is punishing the people because both sides can't agree.

STORY SOURCE

Shutdown Fallout: Obama Approval Rating Slides to 37 Percent

Oct 09, 2013 - A senior White House official told the Wall Street Journal that the administration doesn't really care when the shutdown ends because they're "winning" the PR fight against the GOP. While it's true that Republicans are absorbing more blame than Democrats for the dysfunction, the gap isn't especially wide, especially compared to the 1995 rout. Plus, voters are heaping opprobrium upon all parties involved in the squabble; most people are insisting on compromise -- which isn't helpful to Obama's "no negotiations" stance. The White House must ask itself if the president may be"winning" in relative terms, but losing in absolute terms.

A new Associated Press poll shows Congressional approval at five (!) percent, which is almost within the margin of error. The American people, needless to say, are disgusted by the spectacle playing out on Capitol Hill. Despite his efforts to play the role of an above-the-fray, frustrated bystander, Obama is also taking a hit from this mess. As well he should. Between his atrocious leadership on shutdown talks, which he's single-handedly blocked, and the ongoing Obamacare meltdown, Obama's overall job approval has sunk to 37 percent. For perspective, as he prepared to leave office in January of 2009, President Bush's approval rating was 34 percent. This ain't pretty...

http://townhall.com

The U.S. Government Shutdown Needs To End

Government Shutdown Hits Week Two

Head of the Republican Party, Senator John Boehner and leader of the Democrat Party, President Barack Obama. Both sides need to sort this or they will have greater financial problems on their hands.

The government shutdown in America, over funding for ObamaCare, needs to end. Both political parties are pointing fingers of blame regarding the shutdown and I am not going to get into that, because it won't solve anything. I am trying to look at it from an unbiased perspective.

The thing I find most concerning is government workers not being paid their wages due to the shutdown. They have monthly financial obligations to meet that will be impacted by the government's decision. America has already seen over 7,000,000 foreclosure filings by banks since the crisis began in 2008.

Multiply that by by the number of people in each of the 7,000,000 households and you realize tens of millions of Americans have been harmed by the financial crisis. A prolonged shutdown will add to those foreclosure figures and create additional undesirable economic effects (people spending less money on gas, food, clothes ect...).

ObamaCare is law. Obama's second term is scheduled to last for another three years. It is unlikely ObamaCare will be repealed during that time. Therefore, as it is law, people need to work with it, especially the government as a whole. The Judiciary Report website has been giving suggestions on ObamaCare since 2009 (Can ObamaCare Work).

I'm not going to pretend I was totally in favor of it, because as I have maintained all along, America needs a health care program, but ObamaCare has significant issues. However, the issues can be worked on, but it requires compromise and cooperation from the government. Furthermore, what is the alternative at this point? I'm not being sarcastic, just practical.

I am of the belief the pharmaceutical industry and medical equipment manufacturers need to do their part to make the new law workable. They are the key to making ObamaCare work. Collectively as an industry, they generate trillions of dollars. They've had many good and fruitful years. It's time to give something back. It will not bankrupt them. Their massive profits will be a little bit smaller, but the health of a nation is at stake and they need to rise to the occasion.

They need to be appropriately taxed to help ObamaCare work, especially for the poor, who can't afford it (of course, after reading this, the pharma industry and medical equipment manufacturers will take up a pool and take out a hit on me, but it's okay, I've survived worse LOL).

On average, ObamaCare insurance costs for university students, between $170-$190 per month, needs to come down by at least $30 per month ($50 less per month would be ideal). University students are going to have trouble coming up with that money every month and end up being hit with massive fines and driver license revocation. Uni students, especially those on scholarship, can barely afford room and board and food.

I've heard and read of ObamaCare price quotes regarding non-students (adults), some average, others very high figures per month, but until I see legitimate screencaps and documents concerning it, I really can't properly comment on it. 

Chris Brown Concerts In Canada Cancelled Over Rihanna (Costing Him Six Figures)

Chris Brown (center) and lawyer Mark Geragos (far right) in court last week

After public pressure and sponsors withdrawing their financial backing, the concerts R&B singer Chris Brown was scheduled to headline in Canada have been cancelled. Promoter Drop Entertainment Group bowed to pressure, due to Brown's 2009 domestic violence incident with on-and-off again girlfriend Rihanna, which resulted in his arrest and being sentenced to 5-years probation.

The planned concerts would have netted Brown at least $200,000 in income for concert performance fees. Previously, Brown lost millions of dollars in lucrative endorsements over the incident that has come back to hurt his career again four years later.

 

STORY SOURCE

Chris Brown concerts cancelled in Canada

TORONTO (AP) — The promoter of four Chris Brown concerts in Canada scheduled this summer says the events have been cancelled. Stephen Tobin, owner of Drop Entertainment Group, said Monday that the decision was made after consulting with Brown and in light of his recent personal and health-related issues. The R&B star had his probation reinstated Friday after he was involved in an alleged hit-and-run accident. The hit-and-run charge was dismissed earlier. Brown also suffered a seizure earlier this month...

www.news.yahoo.com

U.S. Economy Adds Fewer Jobs Than Expected In A Significant Slowdown

March 2012 Jobs Report Not Good

Barack Obama

The U.S. economy added 120,000 jobs last month, falling short of the projected 205,000 that was expected. The economy has slowed once again and in a very noticeable manner. This is another indicator there has been no financial recovery and changes are needed to get the nation back on solid footing. A record high number of Americans are no longer in the work force, which is not a good milestone to hit in any regard.

STORY SOURCE

US Adds 120,000 Jobs; Unemployment Falls to 8.2%

Economy Adds 120,000 - 205,000 Was Expected

The Obamas Made $5.5 Million In 2009

U.S. President Barack Obama

U.S. President Barack Obama and First Lady Michelle Obama made $5.5 million dollars in income last year, according to their tax filing. Much of their income was derived from book sales.

U.S. First Lady Michelle Obama

STORY SOURCE: Obamas report $5.5 million in income, $1.79 million in taxes