Mark Brunell to file for Bankruptcy

[budw38]

Sad , I like Mr. Brunell , I bet he makes some money after football , he is still young as far as being able to work < 40's > . Good luck MB Skins 14 - cowpukes 13 .

[3Card]

Brunell's personal wealth is not at issue here because of the LLC of Champion. They partnership is filing chapter 11 so Champion is going broke not Brunell.

[tryfuhl]

Originally Posted by Mattyk

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

All of his eggs in one basket kind of is blowing it.. shame he put all of his money into it... 52m should last a lifetime and then some... not saying he's greedy and having your money work for you is great but he blew through more than any of us will likely see, he didn't need that much more that he ended up sinking himself

sounds like this is a biz 11 though right? hopefully the family still has some

[warpaint]

Look these are the guys in adolescents that have everything handed to them, grades, scholarships, and women. They go through life thinking everything is going work in their favor and when life slaps in the face people feel sorry. He should of took a few classes before he threw his hat in the ring. Give me $250,000 and I'll be fine.

[skinsfan_nn]

Honestly it kills me these guys that have made 50/60 million or God knows how much over the years and are total FUCK UPS in finance's and/or business decisions, it's really hard to believe they are this dumb.

But go ahead and drop a B, MB I hope they take all your shit. Ole never mind just pass it along to all the other taxpayers that make a normal salary and get taxed to F*ck and back.

[Schneed10]

I really don't understand how people can be this retarded with money. It's completely unfathomable to me.

[budw38]

Originally Posted by Schneed10

I really don't understand how people can be this retarded with money. It's completely unfathomable to me.

I agree . We need to teach finance / money management in school starting early so they will have years worth of knowledge prior to working and writing checks .

[GMScud]

Originally Posted by Schneed10

I really don't understand how people can be this retarded with money. It's completely unfathomable to me.

this.

[GMScud]

Originally Posted by Mattyk

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

I disagree. He put too much into investments. Any intelligent adult could tell you not to invest so much that you aren't left with enough to cover your liabilities. Said investments went bad and he lost his shirt. With as much money as he's made, he should have socked away enough to live off of seperate from those investments. Poor planning. He blew it IMO.

I will say I'm pretty surprised that a guy as seemingly intelligent as Brunell finds himself in this situation.

[htownskinfan]

Yeah,I dont feel sorry for him one bit.52 mill over his career is quite enough.Plus I feel like he robbed us of millions,not his fault,Gibbs threw it at him,but i still dont like it.

[skinsfan_nn]

Originally Posted by GMScud

I disagree. He put too much into investments. Any intelligent adult could tell you not to invest so much that you aren't left with enough to cover your liabilities. Said investments went bad and he lost his shirt. With as much money as he's made, he should have socked away enough to live off of seperate from those investments. Poor planning. He blew it IMO.

I will say I'm pretty surprised that a guy as seemingly intelligent as Brunell finds himself in this situation.

Typo. Put the same post in twice. Look up

[skinsfan_nn]

Originally Posted by GMScud

I disagree. He put too much into investments. Any intelligent adult could tell you not to invest so much that you aren't left with enough to cover your liabilities. Said investments went bad and he lost his shirt. With as much money as he's made, he should have socked away enough to live off of seperate from those investments. Poor planning. He blew it IMO.

I will say I'm pretty surprised that a guy as seemingly intelligent as Brunell finds himself in this situation.

Couldn't agree more. If he didn't blow it or make HORRIBLE decisions he wouldn't be in this situation.

BOTTOM LINE: DIVERSIFY, DIVERSIFY, DIVERSIFY PERIOD if you follow simple rules of logic when investing you will NOT go bankrupt!

[tryfuhl]

Originally Posted by GMScud

I disagree. He put too much into investments. Any intelligent adult could tell you not to invest so much that you aren't left with enough to cover your liabilities. Said investments went bad and he lost his shirt. With as much money as he's made, he should have socked away enough to live off of seperate from those investments. Poor planning. He blew it IMO.

I will say I'm pretty surprised that a guy as seemingly intelligent as Brunell finds himself in this situation.

Yeah, putting all of an investment group's money into one type of asset if that's the case is pretty durrrr...

I mean if you're going to lose it all it might as well have been in cars and boats, hookers and blow, etc.. same outcome

buying in MI during the height of the boom... who thought that that was a good idea?

[SolidSnake84]

Okay i've read other articles, and it is not Brunell and his family that are bankrupt.

it is his former company, Champions LLC. Brunell was paying the loan solely on his own, and for his own well-being, could not afford to pay it any more. He was also unable to reach any kind of settlement with the creditors.

So Mark Brunell and his family are fine. His company however, is not.

[tryfuhl]

Originally Posted by SolidSnake84

Okay i've read other articles, and it is not Brunell and his family that are bankrupt.

it is his former company, Champions LLC. Brunell was paying the loan solely on his own, and for his own well-being, could not afford to pay it any more. He was also unable to reach any kind of settlement with the creditors.

So Mark Brunell and his family are fine. His company however, is not.

yeah that was kind of cleared up.. just wonder how much of his money he sunk into it