Tyson back in ring

Former world heavyweight champion Mike Tyson is to return to the ring in a bid to settle his spiralling debts.

The 40-year-old will fight former sparring partner Corey 'T-Rex' Sanders at the Chevrolet Centre in Youngstown on October 20.

The bout, which is scheduled to last four rounds, is the start of what has been labelled by promoters as the 'Mike Tyson World Tour'.

"I do not know why people want to see me again - I do not deserve it," said Tyson.

"I am not useful for society, but the public continue to follow me."

Tyson's last fight was in June 2005, when he suffered a humiliating defeat at the hands of journeyman Kevin McBride, forcing him into retirement.

The American even declared last month he "truly hated fighting", a statement that drew many to believe his career in the sport was over.

Nevertheless, following a 15-month break, he is back, although he has mocked his own physical condition and financial status.

"My physical condition is terrible. I am only able to fight for three or four rounds," he said.

"The money that I will receive from this tour will not help me a lot. But it will be useful for me, as it will do me good not to feel depressed."