NFL Season 09-10

jonharky · 06-19-2009, 11:30 PM

Just thought I'd let you know:

Former QB Kosar files for bankruptcy, owes Browns $1.5M
June 19, 2009
CBSSports.com wire reports

MIAMI -- Former NFL and Miami Hurricanes star quarterback Bernie Kosar has filed for bankruptcy protection in Miami.

Kosar's Chapter 11 filing Friday lists assets between $1 million and $10 million and liabilities of between $10 million and $50 million.

Kosar owes almost $1.5 million in "unsecured debt" to the Cleveland Browns, who he played for from 1985 to 1993. Kosar also owes his ex-wife Babette $3 million and $725,000 (from a personal loan) to the owner of the Cleveland Gladiators of the Arena Football League. He owes a bank more than $9 million for bad real estate deals.

The 45-year-old Kosar got divorced in 2007 and last year saw his steakhouse go out of business.

Kosar, who also played for Dallas and Miami, retired from the NFL in 1996.

GreekGodX · 06-20-2009, 05:16 AM

Quote:

Originally Posted by jonharky

Just thought I'd let you know:

Former QB Kosar files for bankruptcy, owes Browns $1.5M
June 19, 2009
CBSSports.com wire reports

This doesn't surprise me. Most professional athletes have no clue how to control their money. Who knows how much of that money was blown to booze and pain killers.

06-19-2009, 11:30 PM	#1
jonharky Feeling at Home Join Date: Dec 2008 First Name: Jon Location: The Yak, MI Posts: 892 Trading: (1)	Re: NFL Season 09-10 Just thought I'd let you know: Former QB Kosar files for bankruptcy, owes Browns $1.5M June 19, 2009 CBSSports.com wire reports MIAMI -- Former NFL and Miami Hurricanes star quarterback Bernie Kosar has filed for bankruptcy protection in Miami. Kosar's Chapter 11 filing Friday lists assets between $1 million and $10 million and liabilities of between $10 million and $50 million. Kosar owes almost $1.5 million in "unsecured debt" to the Cleveland Browns, who he played for from 1985 to 1993. Kosar also owes his ex-wife Babette $3 million and $725,000 (from a personal loan) to the owner of the Cleveland Gladiators of the Arena Football League. He owes a bank more than $9 million for bad real estate deals. The 45-year-old Kosar got divorced in 2007 and last year saw his steakhouse go out of business. Kosar, who also played for Dallas and Miami, retired from the NFL in 1996. __________________ "I don't want to have it all, I just want to have enough!!