Tyson, who finished his career in deep financial stress after earning hundreds of millions of dollars in the ring as a pay-per-view superstar, said he wants to recruit heavyweights and find the next American champion, as well as look to other weight classes for fighters, American and foreign.
“This is just something that is very exciting for me, and this is all I ever wanted to do in life,” Tyson said. “I’m just very fortunate that I was able to go into show business as well. But, this is something very exciting to me, and I’m very grateful.”
Tyson is not the first former fighter to enter the promotional business, and those former fighters have had varying degrees of success. Oscar De La Hoya’s Golden Boy Promotions has become one of the top promoters in the world. Floyd Mayweather Jr.’s upstart Mayweather Promotions is becoming more active and signing fighters. Others, such as Roy Jones and Sugar Ray Leonard, have not had the same kind of success as promoters that they had as fighters.