His ex-wife, Diane Alexander, hit the jackpot and I know many of you may be thinking ‘well she deserved to hit the jackpot,’ and to a degree you’re right, because after blessing him with two beautiful kids and 8 years of marriage, she certainly doesn’t deserve to be left out in the cold. But I also want to point out that this isn’t a case where she was there in the beginning and helped Lionel build his empire. Nope, not at all. She was an 18 year old backup dancer when she popped into his life. Lionel was already very well established.
You see, Lionel met Diane at the 1984 Olympics in Los Angeles. Remember when he was the closing act for the Olympic ceremonies? You can see that performance below…
Wow Lionel, can you make sure you have a strong pre-nuptial if you decide that a third time may be the charm? He did after all write and perform the song “Three Times A Lady”. Maybe if he does decide to marry a third time, and has a solid pre-nup in place, that 3rd marriage might be smooth and “Easy like a Sunday morning.”
To Diane’s credit, it seems that now she, Lionel, his first wife Brenda, and all of their kids are in a very peaceful and good space with each other. Word on the Old Schoool curb is that they get along great now, but Lionel is still dishing out those spousal support checks.
We’ve said it before and we’ll say it again, it probably would have been better for Lionel to follow Johnnie Taylor’s advice because he said it best, sometimes “it’s cheaper to keep her.” Take us out Johnnie!
-ILOSM- Old School news with a new point of view
” It cheaper to keep her. ” – Johnny Taylor.
” It cheaper to keep her. ” – Johnny Taylor.
Silky hair is expensive. Right brotha?
Silky hair is expensive. Right brotha?
cut the guy some slack….he made and is paying for his mistakes. .no need to rub it in.
cut the guy some slack….he made and is paying for his mistakes. .no need to rub it in.
that’s what he gets he shouldn’t have cheated on Brenda!
that’s what he gets he shouldn’t have cheated on Brenda!
This is why athletes and entertainers need to form “personal service corporations”. The athlete or entertainer forms a corporation,and sighs a contract with the corporation for a small amount of money paid weekly. Then the corporation negotiates on his (or her) behalf,and all monies are paid to the corporation,NOT the athlete or entertainer. The Athlete or entertainer then issues “no -par -value stock” that he or she holds. This type of stock holds NO VALUE in relationship to the value of the corporation,and generally has no voting rights..EVERYTHING that the athlete/entertainer purchases goes in the corporate name,including homes and cars. The spouse has no rights to the corporation,only the worthless stock the athlete/entertainer holds.If the spouse decides to divorce,they leave only with what they brought.Child support can only be based on the athlete/entertainer’s actual income,not the money the corporation brings in.Problem solved.
This is why athletes and entertainers need to form “personal service corporations”. The athlete or entertainer forms a corporation,and sighs a contract with the corporation for a small amount of money paid weekly. Then the corporation negotiates on his (or her) behalf,and all monies are paid to the corporation,NOT the athlete or entertainer. The Athlete or entertainer then issues “no -par -value stock” that he or she holds. This type of stock holds NO VALUE in relationship to the value of the corporation,and generally has no voting rights..EVERYTHING that the athlete/entertainer purchases goes in the corporate name,including homes and cars. The spouse has no rights to the corporation,only the worthless stock the athlete/entertainer holds.If the spouse decides to divorce,they leave only with what they brought.Child support can only be based on the athlete/entertainer’s actual income,not the money the corporation brings in.Problem solved.