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IS IT GOOD TO BE KING? TYSON ANNOUNCES HIS INDEPENDENCE DAY
Published February 5, 1998
In a statement released yesterday, MIKE TYSON said, "I have taken control of my own affairs, both personal and business. I have hired new attorneys and accountants who report directly to me. I have formed Mike Tyson Enterprises and I am in the process of moving forward with my life" (CNN/SI, 2/4). NEWSDAY's Greg Logan writes that DON KING's "worst fears apparently have come true" as Tyson "has engaged high-powered Hollywood attorney, JOHN BRANCA, who has represented MICHAEL JACKSON and the ROLLING STONES, to handle his affairs." Branca "has dispatched letters of termination to Tyson's co-managers, JOHN HORNE and RORY HOLLOWAY, and Tyson has made it clear to several people in the boxing business that he wants to ends his relationship with King." But Logan adds that reports that Tyson is "near broke appear to be vastly exaggerated" (NEWSDAY, 2/5). Tyson's statement was issued by JEFF WALD, an L.A. music entrepreneur, who has teamed with IRVING AZOFF in recent promotions for GEORGE FOREMAN. In N.Y., Michael Katz reports that Tyson "contractually owes" King four fights and Showtime "about the same." But Branca said that he "believes there is a way out." Katz adds that Tyson "reportedly also is talking to wannabe promoter MAGIC JOHNSON" regarding a possible role (N.Y. DAILY NEWS, 2/5). KING'S THINGS: In a statement, King said, "I love Mike and he knows it. But there are often outside forces and individuals that will try to capitalize on Mike's frustration" (Chris Thorne, Newark STAR-LEDGER, 2/5).