Mark Brunell is bankrupt

[ghm125]

is all I can come up with after reading his story! 50 million! dollars!

[K0ZZ]

An average person makes maybe 1 to 1.5 mil in their lifetime, (with the later being a bit on the higher end)

Am I supposed to be feeling sympathy for someone that makes 50X that and blows through it in a tenth of the time?

Not at all.

[JayBee74]

I know the guy is very religious. I wonder if he was tithing 10% to the church?

[wwharton]

Quote: Originally Posted by chicagopax

An average person makes maybe 1 to 1.5 mil in their lifetime, (with the later being a bit on the higher end) Am I supposed to be feeling sympathy for someone that makes 50X that and blows through it in a tenth of the time? Not at all.

No (not sure anyone here does)... don't really see why anyone should hate him either though.

[lonewolf371]

Quote: Originally Posted by NDAlum

I understand wanting to invest However there is something called common sense. It is not wise to "invest" what you can't afford to lose I feel no sympathy for risk takers who lose their money

Have you taken an economics class? Sitting on your money is silly.

Now there is a huge difference between low-risk investment and high-risk investment. I think we know which one happened here.

[bkrich83]

Quote: Originally Posted by lonewolf371

Have you taken an economics class? Sitting on your money is silly. Now there is a huge difference between low-risk investment and high-risk investment. I think we know which one happened here.

Pretty sure he has an accounting degree from Notre Dame. So yes I believe he has.

[ghm125]

Quote: Originally Posted by JayBee74

I know the guy is very religious. I wonder if he was tithing 10% to the church?

maybe thats why hes on a "bad luck streak"...he wasnt....Im just saying

[p_rushing]

Quote: Originally Posted by ghm125

is all I can come up with after reading his story! 50 million! dollars!

Quote: Originally Posted by chicagopax

An average person makes maybe 1 to 1.5 mil in their lifetime, (with the later being a bit on the higher end) Am I supposed to be feeling sympathy for someone that makes 50X that and blows through it in a tenth of the time? Not at all.

Quote: Originally Posted by JayBee74

I know the guy is very religious. I wonder if he was tithing 10% to the church?

Again guys this is nothing new and he hasn't lost all his money. He filed for Chapter 11 because he had too many liabilities and couldn't afford to continue to pay for all of them after his partners stopped paying for years. He was basically paying for everything himself. The guy still has millions in assets, but couldn't continue at the pace. He filed so he could come up with a plan to pay back all the creditors.

This article is from 2010 when he originally filed.
http://sports.espn.go.com/nfl/news/story?id=5326679