Mark Brunell to file for Bankruptcy

skinsfan_nn · 06-25-2010, 11:44 PM

Quote:

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 · 06-25-2010, 11:55 PM

Quote:

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 · 06-26-2010, 12:12 AM

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.

SolidSnake84 · 06-25-2010, 12:19 PM

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

Maybe he can sell his SB ring?

skinsfan69 · 06-25-2010, 12:26 PM

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.

Longtimefan · 06-25-2010, 12:57 PM

This is just so difficult to believe.

rbanerjee23 · 06-25-2010, 01:13 PM

I was pretty shocked when I read this

budw38 · 06-25-2010, 05:32 PM

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 · 06-25-2010, 07:29 PM

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.

warpaint · 06-25-2010, 08:32 PM

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 · 06-25-2010, 09:21 PM

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 · 06-25-2010, 09:34 PM

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

budw38 · 06-25-2010, 09:47 PM

Quote:

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 · 06-25-2010, 11:10 PM

Quote:

Originally Posted by Schneed10

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

this.

06-26-2010, 12:12 AM	#3
SolidSnake84 Playmaker Join Date: Oct 2009 Location: Stephens City, VA Posts: 2,953	Re: Mark Brunell to file for Bankruptcy 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. __________________ Time to nut up or shut up

06-25-2010, 12:19 PM	#4
SolidSnake84 Playmaker Join Date: Oct 2009 Location: Stephens City, VA Posts: 2,953	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. __________________ Time to nut up or shut up

06-25-2010, 12:25 PM	#5
Trample the Elderly Playmaker Join Date: Dec 2008 Location: Three Chopt Virginia Age: 47 Posts: 2,906	Re: Mark Brunell to file for Bankruptcy Maybe he can sell his SB ring? __________________ A funny thing happened on the way to the temple. The moneychangers bought the priesthood.

06-25-2010, 12:26 PM	#6
skinsfan69 Living Legend Join Date: Oct 2006 Location: Arlington, VA Posts: 17,439	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.

06-25-2010, 12:57 PM	#7
Longtimefan Playmaker Join Date: Feb 2004 Location: Germantown, Md. Posts: 4,832	Re: Mark Brunell to file for Bankruptcy This is just so difficult to believe. __________________ A revolution is coming and it will be televised.

06-25-2010, 01:13 PM	#8
rbanerjee23 The Starter Join Date: Jul 2008 Posts: 2,440	Re: Mark Brunell to file for Bankruptcy I was pretty shocked when I read this __________________ "Tough times don't last but tough people do" -Mike Shanahan HTTR

06-25-2010, 05:32 PM	#9
budw38 Playmaker Join Date: Mar 2006 Location: Northern,Va. Posts: 2,706	Re: Mark Brunell to file for Bankruptcy 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 .

06-25-2010, 07:29 PM	#10
3Card Camp Scrub Join Date: Nov 2009 Posts: 16	Re: Mark Brunell to file for Bankruptcy 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.

06-25-2010, 08:32 PM	#11
warpaint The Starter Join Date: Aug 2009 Location: The Great State of Texas Posts: 1,022	Re: Mark Brunell to file for Bankruptcy 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. __________________ "Not only do you get a 1st down, but you get a whole new set of downs" John Madden

06-25-2010, 09:21 PM	#12
skinsfan_nn Playmaker Join Date: Apr 2006 Location: Newport News,Virginia Age: 60 Posts: 4,495	Re: Mark Brunell to file for Bankruptcy 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 Fck and back. __________________ "There's no greater feeling than moving a man from Point A to Point B, against his will." #68* THANKS COACH GIBBS FOR EVERYTHING! YOUR THE MAN AND ALWAYS WILL BE!

06-25-2010, 09:34 PM	#13
Schneed10 A Dude Join Date: Feb 2005 Location: Newtown Square, PA Age: 46 Posts: 12,458	Re: Mark Brunell to file for Bankruptcy I really don't understand how people can be this retarded with money. It's completely unfathomable to me. __________________ God made certain people to play football. He was one of them.

Mark Brunell to file for Bankruptcy

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