Vladimir Hryunov is a Russian boxing promoter, business partner of Roy Jones Jr. and from all indications a miracle worker.
According to Hryunov Roy Jones Jr. lost much of his amassed boxing earnings in bad business deals.
“Roy Jones in his time received tens of millions of dollars. He put the money in businesses. A large number of real estate ventures and misallocation of payments led to serious problems. In America, it happens. For example, he spent a lot of money to open his own music studio, but a profitable business did not happen,” Hryunov said.
Roy’s history of poor business judgement didn’t deter Vladimir from entering into business with Jones. As part of their boxing agreement Hryunov took over Roy’s tax debt in the United States. He explains why he chose to take on that burden for Jones.
“When Roy decided to take Russian citizenship, it became clear that he was facing big tax problems. On September 10 of this year, I flew to the United States, in his hometown of Pensacola, to meet with his lawyer John Wirt. There I signed a letter on his behalf, which guarantees to pay $ 3 million for the debts of Russian citizen Roy Jones, as well as taking care of all of his tax obligations,” Hryunov explained to Life Times.”
“And this is not an obligation personally to Roy, namely to its creditors. To date, I have paid $1 million. This is a very serious circumstance. Before anyone spreads any rumors, I have stayed in this commitment. After that, he began to live safely and freely. But before that there were constant reminders from collectors who were searching for additional earnings.”
It’s not everyday that someone offers to pay off $3 million worth of debt, so I’m sure Roy is living freely in Russia.
That’s until he suffered this crushing KO:
https://vine.co/v/iZTH0Bwztr5
The details of the deal between Jones and Hryunov are unknown but you’d think that it hinges on Roy fighting in Russia. This may answer the questions surrounding Jones’ refusal to retire despite ugly losses.
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