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Seven costly pro athlete screw-ups

 
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matt
Face of the Franchise


Joined: 10 Aug 2006
Posts: 7391

PostPosted: Sat Mar 13, 2010 8:30 am    Post subject: Seven costly pro athlete screw-ups Reply with quote

Something to think about when you hear about all the money that athletes make:

http://sports.yahoo.com/top/news?slug=ys-investopediamoneyloss031010&prov=yhoo&type=lgns

Quote:
Almost 80 percent of National Football League players are flirting with bankruptcy two years after they retire, according to Sports Illustrated. NBA players arenít faring much better. 60 percent of former National Basketball Association players end up broke within five years of retirement. Athletes squander millions of dollars due to bad decisions, lavish spending and poor financial planning. Here is a list of athletes that have lost their fortunes through some of the biggest financial blunders of all time.


The numbers in the article are shocking. It's hard to imagine how people find a way to burn through $100M+ fortune but these people did it.
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NJ-DBACKS-FAN
Number Retired


Joined: 11 Aug 2006
Posts: 10330
Location: At 25/73 CY24 will make me drop my pants. count down: 8 hr 10 rbi to go

PostPosted: Sat Mar 13, 2010 12:29 pm    Post subject: Reply with quote

makes me sick
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im getting close to getting on the blow it up bus Sad
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deweyniner
Everyday Player


Joined: 03 Apr 2007
Posts: 663

PostPosted: Sat Mar 13, 2010 7:52 pm    Post subject: Reply with quote

Shoulda heard Dave Ramsey's rant on that a few months ago. he was not kind, to put it mildly.
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