According to a report in Puerto Rican newspaper El Nuevo Dia, Felix "Tito" Trinidad, the most popular Puerto Rican boxing star of his generation, and the fight that all Puerto Rican fighters since his prime have been measured against, is broke.
From RingTV.com's Diego Morilla:
Former three-division champion Felix "Tito" Trinidad is broke and seeking court-mandated relief on his personal debt after finding out that his top aide, Jose "Pepe" Ramos, squandered over $63 million on now-worthless government bonds.
... Even though Ramos supposedly had a very specific mandate to make the most conservative possible investments to protect that fund, he instead reportedly gambled heavily on Puerto Rican government bonds, which were recently downgraded to "junk bond" status. The beleaguered island-state (a "free-associated state" of the United States) is currently under enormous financial stress, and most of the local financial industry is in turmoil.
The 41-year-old Trinidad, who last fought in 2008, told El Nuevo Dia:
"I appreciate the calls of affection and concern from all the press, friends, family, and my people. I just want to let you know that it is a very difficult situation, and we will be discussing this issue in the appropriate fora."
Trinidad retired a couple of times in his career, and has a standing record of 42-3 (35 KO), with titles held at 147, 154, and 160 pounds. His three losses came in 2001 against Bernard Hopkins, 2005 against Winky Wright, and 2008 against Roy Jones Jr in a novelty fight at a 170-pound catchweight, where the naturally smaller Trinidad looked truly shot, with Jones easily overpowering him and fighting down the stretch as if it were more exhibition than competition, which in hindsight, it was.
That fight landed Trinidad his largest-ever purse at $15 million, however, and did good pay-per-view numbers, too. Even after three years off following a one-sided loss to Wright, well past his prime, and fighting a guy who was just too big, Trinidad's popularity was still evident. Tito sold that fight, not Jones, who hadn't sold a fight in years, and really hasn't sold one since.
Could this lead to another Trinidad comeback? Never say never. He's not that old at 41, and there might be something out there for him, something as sort of an old timers' circuit style event. Personally, I'd hope there's a way around it that doesn't involve fighting again, because it's just not a good idea, most likely, but crazier comebacks have happened.