Bankrupt former Jaguars quarterback Mark Brunell owes $24.7 million

[ronjon619]

Its funny but the church actually expects you to donate 10% of your income per year to the church. For covering the light bill and additions that never happen. Churches pay no property taxes or taxes in general on the money they collect and probably get discounts on gas and electricity. I swear the pope probably has 20 billion under his bed.

I read somewhere that the Catholic Church is the richest land owner in the world. They have property in major cities that would be worth millions if not billions.

[slacker00]

Rumor has it that Brunell is the leading contender to replace treasury secretary Timothy Geithner in the Obama administration

Michael Scott: I... DECLARE... BANKRUPTCY!

[seaborneq]

If the rich religious athlete white guys are filing bankruptcy times are really tough. I wonder how many Bentleys, Rolexes, and rims did Marky Mark have.

[JW Cash]

too bad Brunell was a decent QB when he started out

[frankzig]

there has to be more to this story!!!

[BrentCrude]

Irony?

Maybe Mark will have to start taking money from the poor box and collection plate where he was contributing money he was supposed to be paying creditors with over theyears.

[stevek173]

Damn Mark what the hell! No wonder he played so hard.

[Fishhead]

brainwashed by religion

.......like 98% of the world.


SAD

[oiler]

Wow and he seemed to have his shit together-I wonder how long it will take dumb ass Jamarcus Russell to go broke.

he probably is already but the news hasnt broke yet,didnt think he would ever make it in the nfl and surprised me he was actually a starter,but it was oakland .so that doesnt count cause they are not an nfl team,but if u cant make it with that pitiful team,u should know u have no chance with anyone else

[mtneer1212]

1 out of 3 powerball winners, end up in bankruptcy........ 70% squander it all.........

It seemed as though Michael Begin was deliberately trying to rain on Lincoln’s parade when he and his partner, Darl LePage, sent out a Wednesday warning that Nebraska’s Powerball winners’ joy may be short-lived.

“The reality is that 70 percent of all lottery winners will squander away their winnings in a few years,” the Connecticut financial advisers said in a news release. “In the process, they will see family and friendships destroyed and the financial security they hoped for disappear.”

Ouch — if you’re one of the lottery winners, that is.

The authors of a book about how success often destroys families, Begin and LePage said they know firsthand the destruction sudden wealth can cause.

“We know from studies and our own internal research that when new wealth is created in a family, there is a 90 percent probability that all of that wealth will be gone by the third generation,” LePage said in the release. “And that’s among families who have worked hard for years to achieve success. When people receive sudden wealth, like in a lottery jackpot, the numbers are much worse.”

Worse yet, said the advisers who have served clients in 18 states, winning a bunch of money doesn’t build character. “(It) reveals character and magnifies all of the good and weak traits the winner lives by.”

Ouch again — that is, if you don’t have much character.

Begin said in a telephone interview they are not just trying to drum up some business with Nebraska’s newest multi-millionaires. Their point was to say it’s not just about the money.

Begin said he has had a couple of lottery winner clients, and has studied and worked with people whose net worth is $5 million or more.

Statistics show lottery winners often go bankrupt, get divorced and have family feuds, he said.

“No one worries about the true impact on lives,” he said. “They just start spending. They spend it on toys, they spend it on luxuries. Bad investments. Scams. There’s people coming out of the woodwork trying to take advantage of people. They just become a huge target.”

Part of the problem is that many lottery winners are average Joes who have no experience handling huge sums of money. So, they buy and invest without realizing what it will cost to maintain the houses they buy or to pay their taxes.

Soon, they’re backed into a corner — even if they started out with $15.5 million.

Here’s Begin and LePage’s advice: “Take a deep breath. The money is only a tool, not a magic cure. Seek out solid professional advice, and make sure your team of advisers works together closely, and that they focus on your family before they plan for your money.”

[yahoonino]

what a shame

[konck]

Brunell invested 59.95 for the Lenny D find your way in and out of riches plan

[steve18]

There really needs to be some kind of life skills program for professional athletes. Too many have no concept of this constant gravy train ending.

[jetsjets1028]

thats amazing how million dollar players can go bankrupt

[SportNut]

What a moron, thats just unreal.

Bay Area Ca? What part may I ask? Here from Oakland...

[HotStreak]

[blackbox]

Bad situation-I remember when Micky Mantle had to file for bankruptcy-just terrible.

[atoney]

how is that even possible

[foosh99]

this is crazy. wow

[CaptainPrice]

Wow missed this got learn to money manage

[JACK MATZ]

I just don't get it..

[Andy117]

Some people just suck at handling money.

[stealthyburrito]

more worse then the decisions he made on the field.

[QuantumLeap]

The question I ask is why would all these banks give him loans based upon such little income and such large debt???

[mlb]

haha this is just sad kinda

[stingray14]

giving money to a church is nothing to be making fun of. I tithe 10% of my income and will always do so. Its biblical. Its not brain washing. Its a matter of choice

[whatsgood5]

giving money to a church is nothing to be making fun of. I tithe 10% of my income and will always do so. Its biblical. Its not brain washing. Its a matter of choice

That's laughable to me.

Another adjective I could use to describe your decision is stupid.

But hey, whatever floats your boat.

[frostno98]

Guy got what he deserves. Still can't forgive him from ruining Denver chances at reaching the Superbowl in 96'.

[JuicedUp]

I wonder if the church will help to pay some of his debts now. Or will they say "this was God's plan".

[t-wizzle]

Damn, what a shame. Always liked Brunell and the Jags back in the late 90s.