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Ruhskins 06-25-2010 11:39 AM

Mark Brunell to file for Bankruptcy
 
Wow!

[url=http://sports.espn.go.com/nfl/news/story?id=5326679]Mark Brunell to seek bankruptcy, former Pro Bowler says - ESPN[/url]

irish 06-25-2010 11:42 AM

Re: Mark Brunell to file for Bankruptcy
 
Wow is right. I sure hope he wasnt getting his investment advice from Gibbs.

Mattyk 06-25-2010 11:45 AM

Re: Mark Brunell to file for Bankruptcy
 
Yeah heard about his financial troubles a few weeks ago. Apparently that's why he hasn't retired yet, he can't afford to.

Monkeydad 06-25-2010 11:50 AM

Re: Mark Brunell to file for Bankruptcy
 
I wonder if any of his real estate investments were near New Orleans...the land is probably worthless and unsellable down there. Jacksonville has been hit harder than most cities in the nation from this economy also, which is no secret...just look at their ticket sales.

I wondered how it happened when I saw the title...he's a good person, not one to have child support issues or a gambling problem like so many other pro athletes. Real estate was a big cash cow for a few years, but it took a violent and sudden downturn...a LOT of people got burned bad.

From the article, it sounds like other members if his investment group couldn't hold up their parts and he tried to cover the entire thing himself for a couple of years...and just couldn't sustain it.

Diversify your investments...don't try to rely on any one source of investment income...if it goes south, you lose everything.

Monkeydad 06-25-2010 11:54 AM

Re: Mark Brunell to file for Bankruptcy
 
Maybe Mark will play for another decade. He can still be a holder at age 50.

CrazyCanuck 06-25-2010 11:54 AM

Re: Mark Brunell to file for Bankruptcy
 
52 million isn't what it used to be...

artmonkforhallofamein07 06-25-2010 11:58 AM

Re: Mark Brunell to file for Bankruptcy
 
The thing about the Brunnel situation is he is not the only one in this boat right now who was invested heavily in real estate dealings. There are alot of people out there who are stuggling after the market crashed in Sept of 08.


Right now in America Cash is King so hold off on any heavy investing right now rooks and pros.

SolidSnake84 06-25-2010 12:14 PM

Re: Mark Brunell to file for Bankruptcy
 
I cant believe it....he seemed like such a good smart family guy.....the last guy in the world you'd think would have blown all their money....i'm saddened

Mattyk 06-25-2010 12:14 PM

Re: Mark Brunell to file for Bankruptcy
 
[quote=SolidSnake84;708986]I cant believe it....he seemed like such a good smart family guy.....the last guy in the world you'd think would have blown all their money....i'm saddened[/quote]

He didn't blow it, it was due to some investments that went bad.

SolidSnake84 06-25-2010 12:19 PM

Re: Mark Brunell to file for Bankruptcy
 
so the loan was for 2.2 million? why can't he just pay that off, unless he doesnt have the money any more.

Trample the Elderly 06-25-2010 12:25 PM

Re: Mark Brunell to file for Bankruptcy
 
Maybe he can sell his SB ring?

skinsfan69 06-25-2010 12:26 PM

Re: Mark Brunell to file for Bankruptcy
 
Sorry to hear that about MB. But I really can't believe that he's broke. He's a good looking man that speaks well so he should be able to have a TV career once he's done playing.

sandtrapjack 06-25-2010 12:42 PM

Re: Mark Brunell to file for Bankruptcy
 
[quote=CrazyCanuck;708975]52 million isn't what it used to be...[/quote]
Totally unrelated to Brunnel, but I saw this post and saw the posters avatar was AH and could not help but chuckle.

Longtimefan 06-25-2010 12:57 PM

Re: Mark Brunell to file for Bankruptcy
 
This is just so difficult to believe.

rbanerjee23 06-25-2010 01:13 PM

Re: Mark Brunell to file for Bankruptcy
 
I was pretty shocked when I read this


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