and remain 3 million dollars in the hole to him 
Russian promoter Vladimir Hryunov explained the financial struggles of former four division world champion Roy Jones Jr.
A few days ago, BoxingScene.com reported some details being discussed overseas, which claim the 46-year-old veteran is facing a tax bill of $3 million in the United States.
Hryunov, as part of his working relationship with Jones, took over the tax obligations - which clears Jones from personally owing any of the money.
Jones became a Russian citizen in September. Earlier this month he was brutally knocked out in four rounds by former WBO cruiserweight champion Enzo Maccarinelli.
"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."
Hryunov says Jones made a lot of money during his career, but the majority of his funds were used on business ventures which failed.
"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.
A decree published on the Kremlin's website in the Russian president's name Saturday said the American, a four-weight champion once regarded by many as the world's best boxer, had been given Russian nationality.
After the decree was published, Jones told Russian news agency R-Sport that he planned to learn the Russian language.
"I want to speak so well in Russian that people understand me without any problems," Jones said. "I think that'll take about a year. I hope that next year I'll already be speaking like a Russian."
Jones added that he wanted to "earn 2 or 3 billion dollars," open boxing schools in Russia and develop his rap career.
Roy Jones Jr. Financial Issues Explained By Promoter - Boxing News
Russian promoter Vladimir Hryunov explained the financial struggles of former four division world champion Roy Jones Jr.
A few days ago, BoxingScene.com reported some details being discussed overseas, which claim the 46-year-old veteran is facing a tax bill of $3 million in the United States.
Hryunov, as part of his working relationship with Jones, took over the tax obligations - which clears Jones from personally owing any of the money.
Jones became a Russian citizen in September. Earlier this month he was brutally knocked out in four rounds by former WBO cruiserweight champion Enzo Maccarinelli.
"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."
Hryunov says Jones made a lot of money during his career, but the majority of his funds were used on business ventures which failed.
"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.
A decree published on the Kremlin's website in the Russian president's name Saturday said the American, a four-weight champion once regarded by many as the world's best boxer, had been given Russian nationality.
After the decree was published, Jones told Russian news agency R-Sport that he planned to learn the Russian language.
"I want to speak so well in Russian that people understand me without any problems," Jones said. "I think that'll take about a year. I hope that next year I'll already be speaking like a Russian."
Jones added that he wanted to "earn 2 or 3 billion dollars," open boxing schools in Russia and develop his rap career.
Roy Jones Jr. Financial Issues Explained By Promoter - Boxing News
