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Mark Brunell to file for Chapter 11 bankruptcy

Posted: Fri Jun 25, 2010 10:00 am
by VetSkinsFan
Mark Brunell has made $52m in his career and still filed for bankruptcy. I don't know whether to feel bad for him or what. That's a lot of money to burn thru in 10 yrs.

Re: Mark Brunell to file for Chapter 11 bankruptcy

Posted: Fri Jun 25, 2010 10:25 am
by langleyparkjoe
VetSkinsFan wrote:Mark Brunell has made $52m in his career and still filed for bankruptcy. I don't know whether to feel bad for him or what. That's a lot of money to burn thru in 10 yrs.


Think he'll come back for one more year? Danny has money to help

Re: Mark Brunell to file for Chapter 11 bankruptcy

Posted: Fri Jun 25, 2010 11:01 am
by Irn-Bru
VetSkinsFan wrote:Mark Brunell has made $52m in his career and still filed for bankruptcy. I don't know whether to feel bad for him or what. That's a lot of money to burn thru in 10 yrs.


$52 million is just his contract number. Add endorsements to that and I bet it tops $60 or even $70 million.

However, it's not a personal thing so much as a business decision. Looks like another example of sports stars thinking that their success in one area would easily translate to another. Brunell starts a real estate firm with a couple of former teammates . . . and flops.

I doubt he's going to be hurting when it comes to day-to-day life, though. For the life of me I don't know why these people don't just entrust their money with professionals and live off of the interest — I know I'd be happy with 3-6% of $50 million annually, instead of trying to hit it big with my cousin's startup mouthguard company. :)