25 Rich Athletes Who Went Broke

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25 Rich Athletes Who Went Broke

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Drea Knufken
Drea Knufken
Currently, I create and execute content- and PR strategies for clients, including thought leadership and messaging. I also ghostwrite and produce press releases, white papers, case studies and other collateral.
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  • May 19, 2009 at 9:24 am

    It always shocks me when i hear stories like this. Not only should they have a manager that should be look after them but they should have a life manager. This can be a friend, college or adviser (basically someone they can trust).

    Most know they are going to have a short career and plans should have been made to make the most of it.

  • Autumn
    May 19, 2009 at 4:03 pm

    Overpaid losers at life.

  • May 19, 2009 at 7:08 pm

    Wow what a bunch of dumb asses. You can tackle or throw a ball fast all you want but you are still a jerk wad who can’t watch two dimes stay in your pocket. I love it! Let’s hear it for the “working schlub”.

  • May 19, 2009 at 7:10 pm

    Hey Jack Clark I have that card if you want to buy it from me…… whoops sorry that was insensitive ……hahahahaha

  • John
    November 22, 2009 at 8:54 pm

    Only have one child if u make $40,000+ a year or have none at all.

  • C.D.
    June 15, 2010 at 3:06 am

    A … Fool and His or her … money are soon parted …… Who said dat …. ?

  • June 17, 2010 at 6:58 pm

    lets give ’em some credit …..once in their lives they had earned millions….I’ll give you that!!!!!

  • steve davis
    July 3, 2010 at 9:34 pm

    When do we get to add Obama and america to the list?

  • Yeah its me
    July 31, 2010 at 1:29 pm

    They should just name this article “Stupid People”

  • etry bdfe
    August 18, 2010 at 10:22 pm

    That what cootchie will do to you! Pom pom rules!

  • rogerZ
    September 25, 2010 at 4:25 pm

    You must mean add Bush and America to the list. Bush came in with a surplus and left the country in bankruptcy.

    Don’t blame Obama- A hole.

  • damohre
    November 1, 2010 at 4:54 pm

    oh no, blame OBAMA

  • December 17, 2010 at 1:32 am

    dont forget Cecil fielder, thats why sweet Prince dont talk to his daddy, “cuz he lost my mommas house where she stay” Atlantic city got big daddy money

  • Chuck. Manson
    February 1, 2011 at 3:59 pm

    Other than the older athalites who dodn’t make that much money back in the day, these people had milions of dollors. Why be so greedy and gamble with risky investments. Just put in the bank and live off the interest. I also like how they all blame some one else for their stupid mistakes. What a bunch of losers.

  • Jaloper
    February 2, 2011 at 4:48 pm

    It happens to both black and white.

  • Max
    February 4, 2011 at 12:18 pm

    Antoine Walker should be on the list but he filed for bankruptcy after the article was published. In 99 he’s got a 6 year $71 mil contract with the Celtics and his career earnings are about $110 mil. This is a brief from wikipedia about bankruptcy. Sad, sad, sad.

    On May 18, 2010, Walker filed for Chapter 7 bankruptcy protection in the Southern District of Florida (Miami) as case number 10-23558 with total assets of $4.3 million and debts of $12.7 million. The filing listed four pieces of real estate including a $2.3 million Miami home that is underwater with a mortgage of $3.6 million, and three other properties in Chicago, one listed for $1.4 million. Nazr Mohammed paid half the fee of Walker’s bankruptcy attorney.[16]

  • February 16, 2011 at 4:21 am

    Its sad these athletes aren’t able to maintain some level of wealth. It must be crushing to their egos.

  • October 25, 2011 at 2:44 pm

    Many of these athletes did not get correct credit education before they enter into the professional sports arena causing them to make poor decisions as they acquire wealth. There are companies out there that teams/organizations should partner with to create more financial stability. One of my clients, Banco Capital Corporation does just that. It offers services such as credit education and restoration. I wish that this was something that the NCAA could implement to help prepare the future stars for tomorrow.

  • January 3, 2012 at 10:37 pm

    This a good article you should read the book “From Athletics to Business” it talks about Why do so many athletes end up in financial ruin? This book uncovers the principles that make athletes and millionaires more susceptible to economic ruin and bad behavior. Discover the 12 universal attributes that athletics teaches that should help mold athletes into prime candidates for post career success. This book may be the first of its’ kind to offer true insight into the epidemic of financial ruin that has plagued athletes for almost a century and offer the solutions to end this affliction.

  • February 5, 2012 at 8:01 am

    To any athlete who lost it all, don’t worry, there’s always a spot for you over at American Jewelery & Loan.

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