Manager with someone who is his boss like a baseball manager is. Investment managers are essentially advisors. There is nothing that prevents them from recommending a bad investment but ultimately it’s the individual responsibility and the individual is free to spend it as he sees fit. Now there are trust funds set up for minors, someone who is incapable of managing their funds or maybe a mentally challenged person, that they’ll have total control over. That may be what you’re thinking about but Sweet Pee’s funds where not in that kind of an account. I doubt he would’ve agreed to such a fund. I doubt any adult would. If sweet pea wanted to blow his money on drugs, booze, women, cars, gifts or extravagant trips he was free to do so. Unfortunately, I don’t think boxers are set up the same way the NFL is set up. The NFL players union saw the benefit of a retirement plan because to many of their players were foolishly spending their money & ending up on skid row. That’s why they set up the plan to pay them a pension.
Keep in mind I have no idea about Sweet Pea’s financial status. He could be loaded for all I know.