Commanders Post at The Warpath - View Single Post - Lavar Arrington's Restaurant Goes Bankrupt

Bill B · 06-15-2009, 02:03 PM

My question is why did Lavar even want to open up a restuarant in the first place? I am not sure how much Lavar made while with the Redskins and Giants, but lets say on the low end he took in $30 million total. So after taxes lets he has $15 million in the bank. You can take that $15 million and invest in something super conservative making 5% and pull in $750,000/year before taxes - if someone can't live on that without lifting a finger they need some serious financial help. So I would like to know - who is advising Lavar on his financial investing and why do we see countless stories about athletes and high profile entertainers who invest in businesses and are now practiclly broke? I mean look at Mike Vick - why on Earth is he in so much debt with what he made?

06-15-2009, 02:03 PM	#14
Bill B Impact Rookie Join Date: Oct 2006 Posts: 721	Re: Lavar Arrington's Restaurant Goes Bankrupt My question is why did Lavar even want to open up a restuarant in the first place? I am not sure how much Lavar made while with the Redskins and Giants, but lets say on the low end he took in $30 million total. So after taxes lets he has $15 million in the bank. You can take that $15 million and invest in something super conservative making 5% and pull in $750,000/year before taxes - if someone can't live on that without lifting a finger they need some serious financial help. So I would like to know - who is advising Lavar on his financial investing and why do we see countless stories about athletes and high profile entertainers who invest in businesses and are now practiclly broke? I mean look at Mike Vick - why on Earth is he in so much debt with what he made?