Luciaetta Ivey is the Rake
In the poker game of life, women are the rake.
In the case of Luciaetta Ivey, one has to wonder if Ivey would have been better purchasing time ... (yes, as in hookers.)
The divorce settlement between Luciaetta Ivey and Phil Ivey has been completed and here is what Luciaetta received:
Alimony from money Ivey gets from Tiltware
Her life insurance policy
Down payment for a new residence
Half of the proceeds from the sale of their home
40 percent of the business interests of Ivey with the exception of Tiltware, LLC.
This is what Ivey will get in addition to half the proceeds of the sale of his home:
Over $170,000 in credit card debt
$15.1 million in "gambling and other debt."
I wonder if Phil Ivey's butt is sore.
So, Ivey is giving up 40% of his business interests and takes on $15.1 million in debt.
If this isn't an argument for pre-nups and "arrangements" I don't know what is.
And please, don't give me the whole "but they loved each other" or the "if he loves and trusts her, that doesn't matter."
Reality is that divorce is messy and expensive. Ivey had to find that out the hard way.
Marriage for a poker player is usually a bad gamble. Hopefully Ivey's situation convinces some guys to at least hedge their bets.