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06-25-2010, 12:39 PM
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#1 |
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Living Legend
Join Date: Jan 2008
Posts: 22,345
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Mark Brunell to file for Bankruptcy
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R.I.P. #21 |
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06-25-2010, 12:42 PM
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#2 |
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Playmaker
Join Date: Feb 2004
Posts: 4,575
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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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06-25-2010, 12:45 PM
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#3 |
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\m/
 
Join Date: Feb 2004
Location: NY
Age: 52
Posts: 99,537
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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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06-25-2010, 12:50 PM
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#4 |
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Living Legend
Join Date: Mar 2006
Location: PA
Age: 45
Posts: 17,460
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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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06-25-2010, 12:54 PM
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#5 |
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Living Legend
Join Date: Mar 2006
Location: PA
Age: 45
Posts: 17,460
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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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06-25-2010, 12:54 PM
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#6 |
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Serenity Now
 
Join Date: Feb 2004
Location: Canada
Posts: 2,008
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Re: Mark Brunell to file for Bankruptcy
52 million isn't what it used to be...
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06-25-2010, 12:58 PM
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#7 |
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Pro Bowl
Join Date: Jun 2006
Location: Charleston , SC
Posts: 5,001
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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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Just win. Last edited by artmonkforhallofamein07; 06-25-2010 at 02:52 PM. |
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06-25-2010, 01:14 PM
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#8 |
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Playmaker
Join Date: Oct 2009
Location: Stephens City, VA
Posts: 2,947
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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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Time to nut up or shut up |
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06-25-2010, 01:14 PM
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#9 | |
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\m/
Join Date: Feb 2004
Location: NY
Age: 52
Posts: 99,537
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Re: Mark Brunell to file for Bankruptcy
Quote:
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06-25-2010, 01:19 PM
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#10 |
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Playmaker
Join Date: Oct 2009
Location: Stephens City, VA
Posts: 2,947
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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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Time to nut up or shut up |
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06-25-2010, 01:25 PM
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#11 |
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Playmaker
Join Date: Dec 2008
Location: Three Chopt Virginia
Age: 47
Posts: 2,906
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Re: Mark Brunell to file for Bankruptcy
Maybe he can sell his SB ring?
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A funny thing happened on the way to the temple. The moneychangers bought the priesthood. |
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06-25-2010, 01:26 PM
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#12 |
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Living Legend
Join Date: Oct 2006
Location: Arlington, VA
Posts: 17,299
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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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06-25-2010, 01:42 PM
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#13 | |
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The Starter
Join Date: Dec 2005
Posts: 1,994
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Re: Mark Brunell to file for Bankruptcy
Quote:
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06-25-2010, 01:57 PM
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#14 |
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Playmaker
Join Date: Feb 2004
Location: Germantown, Md.
Posts: 4,832
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Re: Mark Brunell to file for Bankruptcy
This is just so difficult to believe.
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A revolution is coming and it will be televised. |
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06-25-2010, 02:13 PM
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#15 |
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The Starter
Join Date: Jul 2008
Posts: 2,440
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Re: Mark Brunell to file for Bankruptcy
I was pretty shocked when I read this
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"Tough times don't last but tough people do" -Mike Shanahan HTTR |
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