On Second Thought: How Does Sugar Spend His Dough?, Daily Racing Form, 1955-06-04

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• -mmnam * On Second Thought How Does Sugar Spend His Dough? By BARNEY NAGLER NEW YORK, N. Y., June 3.— Next to counting ones own money there nothing that touches the pleasure of hefting another other guys guys bankroll. bankroll. • other guys guys bankroll. bankroll. The possibilities are limitless, encompassing compassion, doubt, wonderment, avarice and jealousy. All depends on how the other fellows fixed. If hes improvident, ditto. Thats how it was in the International Boxing Clubs counting room, where a covey of citizens citizens had had gathered gathered ! citizens citizens had had gathered gathered -mmnam to spend a few minutes cutting up old touches and assorted backs. One was Ernie Braca, the self-confessed business adviser of Sugar Ray Robinson, and inevitably the talk turned to the commercial position of the Harlem financier. "Is it true*" one asked, "that the guys broke and making: touches?" somebody asked. "Its not only true, but amazing," Braca said. "The guys-made more than 0,000 for himself in six months on his comeback, and its all gone.". - "Does it go on pleasuring?" another asked. "Ive been with the guy a lot. and I never seen him go for a cent on pleasure," Braca said. "His managers must get it then," somebody suggested. "No managers, no nobody; got nothing," Braca insisted. "I know I aint got nothing. Vic Marsillo, who is with him, he got nothing." "How about George Gainford?" "Its the same deal with him it always was," Braca said. "He gets the same 10 per cent he always got, except he hasnt got it. Nobodys got nothing, like I said." . "You take the case of Joe Louis," said Harry Markson, the LBCs check-signer, "and you have another you cant figure out. Discounting even taxes and managers cuts, and add up all the etcetras, of which there were plenty, and Louis must have had a million dollars for himself. Now, I ask you. How did he get rid of it?" No answer was forthcoming and a man turned to Braca and, wearing incredulity as a mask, asked, "you say Robinson made 0,000 on his comeback, but thats hard to believe. Did he?" "Lets add them up," Braca said. At least two in the room went for pencil and paper. "There "was ,000 he got in Detroit fighting Joe Rindone," Braca said, as the pair with pencils and paper wrote the figure. "He got 2,000 for Tiger Jones in Chicago, which is one he lost. There was ,000 more with Johnny Lombardo in Cincinnati and ,000 more for Ted Ola in Milwaukee. The last one, with Garth Panter wasnt too good, but he got ,000 anyway." The bookkeepers began toting up the purses. They ended in a dead heat: 5,000. "It isnt easy getting rid of all that," Braca said, "but Rays accomplished it. Them fellows have more ways of letting it gefr out of hand than anybody could dream up." "What are you working for? ".somebody asked Braca. "You get nothing out of it." "Weve got it set up so everybody gets taken care when Ray wins the championship back again," he explained. "Its a long shot," somebody said, "a real gamble. What if it doesnt happen?" - "Hell, you cant lose anything you aint had," Braca said. "Maybe Ray gets lucky and gets the middleweight title back. Therell be some money then." Robinsons business officer didnt say this with any conviction. He said it, thats all, without striving to underline it as a probability. He wouldnt even say it was possible. He wasnt counting any money until it was in hand. "I only wish I knew how the guy gets rid of so much so fast," he said.


Persistent Link: https://drf.uky.edu/catalog/1950s/drf1955060401/drf1955060401_2_4
Local Identifier: drf1955060401_2_4
Library of Congress Record: https://lccn.loc.gov/unk82075800