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]

Re: Mark Brunell to file for Bankruptcy
 

Wow is right. I sure hope he wasnt getting his investment advice from Gibbs.

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.

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.

Re: Mark Brunell to file for Bankruptcy
 

Maybe Mark will play for another decade. He can still be a holder at age 50.

Re: Mark Brunell to file for Bankruptcy
 

52 million isn't what it used to be...

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.

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

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.

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.

Re: Mark Brunell to file for Bankruptcy
 

Maybe he can sell his SB ring?

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.

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.

Re: Mark Brunell to file for Bankruptcy
 

This is just so difficult to believe.

Re: Mark Brunell to file for Bankruptcy
 

I was pretty shocked when I read this