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With these athletes going broke left and right I figured there should be some sort of thread for these discussions ...
Too many to list but some of the well known athletes to blow fortunes include:
Scottie Pippen
Antoine Walker
Evander Holyfield
Mike Tyson - seems to be doing much better now
Allen Iverson
Latrell Sprewell
Sheryl Swoopes
Kenny Anderson
The lastest and not to be the last ... Warren Sapp
Sapp is broke
FORT LAUDERDALE, Fla. -- Former NFL star Warren Sapp owes more than $6.7 million to creditors and back child support and alimony, according to a Chapter 7 bankruptcy filing in South Florida.
Sapp's $6.45 million in assets includes 240 pairs of Jordan athletic shoes worth almost $6,500; a $2,250 watch; and a lion skin rug worth $1,200.
Sapp
He also reported losing his 2002 Super Bowl ring with the Tampa Bay Buccaneersand his 1991 national championship ring from the University of Miami.
The court documents were filed March 30 in U.S. Bankruptcy Court in Fort Lauderdale. TMZ.com first reported the filing. A phone message and email left Saturday with Sapp's attorney, Chad Pugatch, were not immediately returned.
Sapp's average monthly income is $115,881, according to the filings, and includes $45,000 for a final contract payment with Showtime; $48,000 for an appearance with CCA Sports; and $18,675 as an advance for a book deal.
His contract with the NFL Network ends in August, the filings show, and it was unknown if the contract will be renewed.
Sapp, a former defensive tackle for the Buccaneers and the Oakland Raiders during his 13-year NFL career, also was a contestant on ABC's "Dancing with the Stars."
He was arrested in 2010 following an alleged domestic violence incident at a Miami Beach hotel. He would have faced one count of misdemeanor domestic battery, but prosecutors declined to prosecute, saying in court documents that there were inconsistencies in the victim's statements and evidence.
Copyright 2012 by The Associated Press
These athletes gotta do better ... Athletes lurking NT ... SAVE YOUR MONEY ... SAY NO TO FRIENDS ... STOP THINKING YOU'RE A BUSINESS MAN LIKE MAGIC ... go back to school in the off season and learn how to make your money work for you
Too many to list but some of the well known athletes to blow fortunes include:
Scottie Pippen
Antoine Walker
Evander Holyfield
Mike Tyson - seems to be doing much better now
Allen Iverson
Latrell Sprewell
Sheryl Swoopes
Kenny Anderson
The lastest and not to be the last ... Warren Sapp
Sapp is broke
FORT LAUDERDALE, Fla. -- Former NFL star Warren Sapp owes more than $6.7 million to creditors and back child support and alimony, according to a Chapter 7 bankruptcy filing in South Florida.
Sapp's $6.45 million in assets includes 240 pairs of Jordan athletic shoes worth almost $6,500; a $2,250 watch; and a lion skin rug worth $1,200.
Sapp
He also reported losing his 2002 Super Bowl ring with the Tampa Bay Buccaneersand his 1991 national championship ring from the University of Miami.
The court documents were filed March 30 in U.S. Bankruptcy Court in Fort Lauderdale. TMZ.com first reported the filing. A phone message and email left Saturday with Sapp's attorney, Chad Pugatch, were not immediately returned.
Sapp's average monthly income is $115,881, according to the filings, and includes $45,000 for a final contract payment with Showtime; $48,000 for an appearance with CCA Sports; and $18,675 as an advance for a book deal.
His contract with the NFL Network ends in August, the filings show, and it was unknown if the contract will be renewed.
Sapp, a former defensive tackle for the Buccaneers and the Oakland Raiders during his 13-year NFL career, also was a contestant on ABC's "Dancing with the Stars."
He was arrested in 2010 following an alleged domestic violence incident at a Miami Beach hotel. He would have faced one count of misdemeanor domestic battery, but prosecutors declined to prosecute, saying in court documents that there were inconsistencies in the victim's statements and evidence.
Copyright 2012 by The Associated Press
These athletes gotta do better ... Athletes lurking NT ... SAVE YOUR MONEY ... SAY NO TO FRIENDS ... STOP THINKING YOU'RE A BUSINESS MAN LIKE MAGIC ... go back to school in the off season and learn how to make your money work for you