bankrupt Page 2 - Sports News, Headlines & Highlights
Bankruptcy Filings: Clinton Portis Owes Nearly $5 Million
Former NFL running back Clinton Portis has owed a lot of people a lot of money for some time now, and according to bankruptcy filings, the exact amount that he owes to various creditors is $4,857,659.50....
Jack Johnson Is Fighting For His Contract In Bankruptcy Court
Columbus Blue Jackets defenseman Jack Johnson filed for Chapter 11 bankruptcy last October, after being scammed out of millions by his parents. Now, he’s attempting to convert his filing into a Chapter 7 case—which, in very broad terms, would allow Johnson to resolve his debts by liquidating his ass...
Serie A Side Parma, $106 Million In Debt, Declared Bankrupt
Serie A side Parma, who are dead last and a sure thing to be relegated, was declared bankrupt in Italian court today, according to The Guardian. While it looks like they will finish out the Serie A season—possibly with funding from the league or Italian soccer federation—there remains the possibilit...
Michael Vick Is Learning To Live Boat-Free
Here's a story on how Michael Vick has paid off an extraordinary amount of debt over the last five years—more than $15 million of the $17.8 million he owed creditors upon declaring for bankruptcy while in prison on dogfighting charges. It's a window on Vick's responsibility—which has, by all account...
Jack Johnson's Bankruptcy Filing Claims His Parents Spent All His Money
If you haven't yet read the Columbus Dispatch article on Blue Jackets defenseman Jack Johnson, do so. It's an insane (but not uncommon) story about how a pro athlete, who signed a $30.5 million contract in 2011, ends up filing for bankruptcy....
Evander Holyfield Is On <em>Celebrity Big Brother</em>, And Has A Big Fan
Former heavyweight boxing champ Evander Holyfield is still struggling a bit financially, so he's the newest member of the house on a British version of Celebrity Big Brother. (He's such a celebrity that Metro had to run a "Who is Evander Holyfield? piece. Actually, wait.) At least one fan in the au...
The 11 Best Things For Sale At Curt Schilling's Bankruptcy Auction
Curt Schilling is being sued by the state of Rhode Island as a result of that whole video game company going bankrupt and defaulting on $75 million in loans thing. In an attempt to satisfy his creditors, Schilling's putting the contents of his Medfield home up for estate auction, enabling you (or so...
New Owner Of Chicago Arena Football Team Is A Bankrupt Convicted Felon
David Staral Jr. bought the Arena Football League's Chicago Rush in February. He replaced an owner whose tenure had lasted three months before the league "terminated its relationship" with her because of financial issues. But, look: Staral has three convicted felonies to go with even bigger financia...
Lawsuit Alleges That Curt Schilling's Company Concealed Financial Information To Get Loan From Rhode Island
It's been months since the Curt Schilling's quixotic pursuit to create an online role playing game ended with his video game company, 38 Studios, going belly up. 38 Studios didn't go bankrupt until after it had taken a $75 million dollar loan from the state of Rhode Island, though, and new court do...
Auburn Wrests Title Of "Team Everyone Wants To Play" From Arkansas
Arkansas beat Auburn today, which in itself wouldn't be so strange except that as recently as this morning it was reasonable to ask whether Arkansas would ever win another game, ever, ever. The Hogs were a preseason top-10 team that lost f̶i̶v̶e̶ four games—in September. If someone was to cushion th...
Arkansas Coach John L. Smith Realizes He's Actually $40 Million In Debt, Not $25 Million
John L. Smith is even more broke than he initially thought. He first filed for bankruptcy on Sept. 6. In a subsequent filing, on Sept. 19, he reported $25.7 million in liabilities and $1.2 million in assets. You don't have to be a CPA to know that this is a bad cash flow position. But wait, it gets ...
This Week's Sign Of The Apocalypse
For nearly two decades now, Sports Illustrated has stirred the tea leaves to discern a weekly Sign of the Apocalypse. Deadspin salutes the magazine's ongoing effort to head off the end of times, but declines to quietly cede to SI the scoop on the biggest event in world history....
Arkansas Interim Head Football Coach John L. Smith Files For Bankruptcy
Arkansas football coach John L. Smith, thrust into the interim role after Bobby Petrino's midlife crisis, is facing a crisis of his own after filing for Chapter 7 bankruptcy liquidation in an Arkansas court today....
EBay Bidding On 215 Pairs Of Warren Sapp's Nikes Is Now At $16,500
As a "Young Person" who aspires to bring a sense of "flair" to his wardrobe, I own a bunch of colorful sneakers. Some of them are Air Jordans, though I find that Air Jordans generally give little bang for their buck. They're boxy and limited in their palettes. Elephant print is about as adventurous ...
Is Lenny Dykstra A Hot Fucking Mess? "Yes, Your Honor."
You name your child "Leonard" and you have certain hopes and expectations. Chief amongst them being that, no matter what, he doesn't wind up a guy named "Lenny." The Dykstra's lost out on that one and the gritty hits just keep on coming. Lenny pleaded guilty to bankruptcy fraud on Friday and could ...
Report: The NHL Is Planning To Seize The New Jersey Devils From Their Owner
Jeff Vanderbeek, he's the guy above, not the guy from Dawson's Creek. He owns the New Jersey Devils, or at least he "owns" them in the same way that the Wilpons own the Mets or Frank McCourt owned the Dodgers. Oodles of his debt weigh the team down, and he can't pay it off. The Devils missed a loan ...
Curt Schilling's 38 Studios Files For Bankruptcy, Faces Federal Investigation
We presume this is how 38 Studios' lawyers opened their conversation with Curt Schilling: "What do you want first? The bad news, or the worse news?"...
Warren Sapp Claims He Filed For Bankruptcy To Avoid Going To Jail
According to Sapp, all his financial troubles are thanks to that eternal temptress, the can't-miss real estate deal. Sapp spoke to the Tampa Bay Times and elaborated on how a man who made around $60 million over his career was reducing to cataloging his sneaker and naked lady painting collections i...
Warren Sapp Is Broke
TMZ has the exclusive on QB-Killa's bankruptcy, and it's grisly. Sapp owes $6.7 million to his creditors—nearly a million of that to the IRS—and only has $6.45 million on hand. Among that $6.45 million are some distinctly Sapp-y assets:...
Your Semi-Irregular Update On The Financial Solvency Of Former NBA Stars Turned Train Wrecks
Thanks to the good folks at TMZ, we are able to provide an update on the financial proceedings with respect to both Stephon Marbury and Antoine Walker. It's a little bit of a good news/bad news situation, so let's start with the good news....