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Mark Brunell to file for Bankruptcy

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Old 06-25-2010, 11:39 AM   #1
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Mark Brunell to file for Bankruptcy

Wow!

Mark Brunell to seek bankruptcy, former Pro Bowler says - ESPN
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Old 06-25-2010, 11:42 AM   #2
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Re: Mark Brunell to file for Bankruptcy

Wow is right. I sure hope he wasnt getting his investment advice from Gibbs.
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Old 06-25-2010, 11:45 AM   #3
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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.
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Old 06-25-2010, 11:50 AM   #4
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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.
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Old 06-25-2010, 11:54 AM   #5
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Re: Mark Brunell to file for Bankruptcy

Maybe Mark will play for another decade. He can still be a holder at age 50.
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Old 06-25-2010, 11:54 AM   #6
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Re: Mark Brunell to file for Bankruptcy

52 million isn't what it used to be...
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Old 06-25-2010, 11:58 AM   #7
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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.
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Old 06-25-2010, 12:14 PM   #8
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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
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Old 06-25-2010, 12:14 PM   #9
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Re: Mark Brunell to file for Bankruptcy

Quote:
Originally Posted by SolidSnake84 View Post
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
He didn't blow it, it was due to some investments that went bad.
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Old 06-25-2010, 12:19 PM   #10
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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.
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Old 06-25-2010, 12:25 PM   #11
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Re: Mark Brunell to file for Bankruptcy

Maybe he can sell his SB ring?
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Old 06-25-2010, 12:26 PM   #12
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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.
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Old 06-25-2010, 12:42 PM   #13
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Re: Mark Brunell to file for Bankruptcy

Quote:
Originally Posted by CrazyCanuck View Post
52 million isn't what it used to be...
Totally unrelated to Brunnel, but I saw this post and saw the posters avatar was AH and could not help but chuckle.
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Old 06-25-2010, 12:57 PM   #14
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Re: Mark Brunell to file for Bankruptcy

This is just so difficult to believe.
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Old 06-25-2010, 01:13 PM   #15
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Re: Mark Brunell to file for Bankruptcy

I was pretty shocked when I read this
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