Former NBA star Allen Iverson is digging himself into a giant financial hole with monthly bills that largely outweigh his monthly income, but the good news is … he’s still got his fancy-schmancy Maybach.
Reports TMZ:
Allen recently filed docs in GA court as part of his nasty divorce battle
According to docs, Allen brings in $62,500 in monthly income, but his expenses are FAR, FAR, greater ... costing him a cool $358,376.66 PER MONTH!!!!
So where does all his money go?
A large chunk -- $125,749.33 to be exact -- is spent paying off various creditors (like his jeweler) … and some goes to his mortgages (but not for long, since his ATL crib is about to be auctioned off).
But Allen says he blows a lot on OTHER expenses too … like $10,000/month on clothes, $10,000/month on grocery/house items, $1,000/month on dry cleaning, $5,000/month on entertainment, $5,000/month on restaurants … and so on.
All in all, Iverson — who reportedly made over $150 MILLION during his NBA career — says he ends up in the hole each month to tune of $295,876.66. Ouch.
Despite the mounting debt though, he’s still got his Maybach (which is fully paid off) … and reportedly worth between $340k – $400k.
I see said the blind man. And now…
This is EbenGregory.com…telling you good times are when people make debts to pay in bad times. Free jewelry.
LOL… Shimmy Shimmy Yah, I guess it’s a new fresh white tee everyday for him… maybe more of them for one day.
all i see te nigga in is white tee’s so where is that 10,000 on clothes and 10,000 on food not including restaurants?
he’s trying to go broke