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Why dont they just pay them back?!?!?!? Sports News
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Why dont they just pay them back?!?!?!?


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Why dont they just pay them back?!?!?!?
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Reputation:91
Level:All-Star
Since:Mar 16, 2008

May 15, 2008 12:51 pm
why dont these sports stars just pay whoever they owe money to back? they have the money no doubt.
like mike vick he owes like 2.2 million dollars in bank loans? im not sure on the exact amount but he has the MONEY to pay it back


sports stars kinda make me mad because they have the money to pay these debts back
but they just choose not to

tell me what u think.

Why dont they just pay them back?!?!?!?
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Reputation:87
Level:All-Star
Since:Feb 24, 2008

May 15, 2008 12:55 pm

I don't think this applies to only sports stars.  Some of the richest people I know are exactly the same way.  Part of the reason they became wealthy is because of the constant haggling over any debt they are supposed to pay. 

 


Why dont they just pay them back?!?!?!?
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Reputation:97
Level:Superstar
Since:Dec 18, 2006

May 15, 2008 12:58 pm
Thats because they are a star and they think they are above the law plus they think everything in life for them is free. These people don't know the value of money anymore because they have so much of it and they earn it pretty easy without doing much work except for those few years when they are than the athletes and when they retired, they all become brain dead, thats why some of them resort to selling drugs.

Why dont they just pay them back?!?!?!?
-
Reputation:88
Level:All-Star
Since:Nov 18, 2006

May 15, 2008 12:58 pm
The guy is a serious gambling addict. He has lost as much a 2 million dollars in one day. I'm not sure that he has all that much money left. He was quoted as saying the he would get worried when he gets down to his last 30 million. Serious problem though. He may be "worried" right about now. 

Why dont they just pay them back?!?!?!?
-
Reputation:96
Level:Superstar
Since:Sep 15, 2006

May 15, 2008 1:10 pm

I bet Sir Charles thought his celebrity enough would be enough to get him comped at the casino.  I have to assume he thought he was doing the casino a favor by gambling there.

Hey Barkley!  You're not Michael Jordan!  Pay up, chump!


Why dont they just pay them back?!?!?!?
-
Reputation:92
Level:All-Star
Since:Sep 13, 2007

May 15, 2008 1:14 pm
It could also be that his business manager didn't know about it and forgot to pay it...Do you really think any of these guys handle their own money or debt settlement?

Why dont they just pay them back?!?!?!?
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Reputation:95
Level:Superstar
Since:Nov 19, 2006

May 15, 2008 1:16 pm

I'm willing to bet the main Wynn Casino phone number isn't in Sir Charles' Fave Five anymore.


Why dont they just pay them back?!?!?!?
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Reputation:98
Level:Superstar
Since:Sep 1, 2006

May 15, 2008 1:17 pm
But I wouldn't think Barkley's business manager would just forget about paying off 400k like that.

Why dont they just pay them back?!?!?!?
-
Reputation:98
Level:Superstar
Since:May 16, 2007

May 15, 2008 1:23 pm

These sports stars are no different than us " common folk " except their bank accounts have a few more zeros in them. Most people live in constant debt. Wether its credit cards or cars or mortgages, everyone is in debt someway or another. These people don't have to worry about their home loans because most will pay cash and have a house free an clear, but what they didn't think about was the property tax that they still have to pay. I know how much my taxes are on my $100k house, I couldn't imagine a 2 or 3 mill $ mansion. The more $$$ you have the more sh*t you want. It's the " American dream " I can see clearly how Sir Charles could be broke. We wasn't paid the same amounts as the players get today. Most of these guys put their money into some investors hands and watch him piss it all away on some Florida swamp land. All of these basketball players and sports stars in general all want that to be on that special episode of " Cribs Hottest whips and cribs " Just want to flashy and soo over the top they don't think about the future and how they don't have any $$$ being deposited only withdrawls. I'm not saying I feel bad for them, thats not the case at all! But they make mistakes just like the rest of us.

As for Michael Vick, I bet he is broke. I bet he blew his entire signing bonus early after signing that new deal and was banking on living on his game checks and endorsement deals to get him through the next few seasons. Just like that house that was used for dog fighting, he sold that at a considerable loss just to get out from under a house used for dog fighting. When he could of sold it for much more than its worth just because his name was on the deed. Now everything is dried up and no $$$ being deposited into his accounts and thise he owed $$$ to want their $$ back, for alot of the same reasons, they don't want to be known as an aquittance of a dog fighter.


Why dont they just pay them back?!?!?!?
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Reputation:94
Level:All-Star
Since:Sep 20, 2006

May 15, 2008 1:29 pm

To piggy back what Bullseye said its not all sports guys.  Donald Trump has filed bankruptcy several times to avoid paying stuff back.  I think its a business ploy but there is a difference between gambling and business deals gone bad. 

They should pay their debt.  Also I do criminal investigations and you would be suprised at how wealthy actors and atheletes don't know there own finanaces.  As long as they can go buy it they don't care. 

The lack of Financial education is one our greatest weaknesses and the decline of our civilization.  Not Grand Theft Auto 4. 

Woot.