I believe you've linked to your own post.
This is maaaaybe premature there, ESPN. Maryland #1 FWIW.
I believe you've linked to your own post.
i was wondering if it was the app guess not. This is a first so well done OP.
kinda like an Escher drawing
I think eventually one of us will actually just post what's going on, and when that happens, this link will make perfect sense. Genius startegy on behalf of the OP if you ask me.
Is this some kind of Chinese mind trick?
I guess it's some weird form of masturbation.
As opposed to all those other forms that are TOTALLY NOT WEIRD.
Seriously, think about it sometime. It's weird no matter what form it takes.
Best fail post evah!
I am assuming that being an assistant with the Fort Wayne Mad Ants doesn't pay enough to cover the debt. $30 million is a lot to ask when you're an assistant in the Developmental League. Take it a bit further though - he apparently owes Shawne Merriman about $3.7 million. THAT may not end well.
That being said, regardless of who it is, it's difficult to see people who more or less had everything in front of them at one point make decisions which bring them to this magnitude of trouble, financial or otherwise.
Heh. Couldn't happen to a nicer guy...
Maybe he can go into business w/Rudy.
Might I suggest a title change? Maybe it's my mind in the gutter, but I had a much different idea on what hard times he was running into after reading the "sniff, sniff" part if the title.
Exactly what I assumed as well
I didn't care for him when he was at Duke, but I can't take pleasure in these kinds of stories.
So would one say life is stomping on him?
That's the one part of that Duke-UK game that everyone forgets about. That bitch move should've gotten him kicked out of the game. I wonder if that will get talked about in the Duke documentary.
I hate the phrase "falling on hard times" used in these circumstances. More like showing little foresight and pissing away his wealth. I'm not trying to be a jerk, CL may have been a very cool guy, but he did this to himself. I've gotten by fine on much much less than $61M.
he was not a "very cool guy."
A number of my buddies were at Duke when he was there and he was an unbelievable dick.
That's an ignorant comment, and sounds like the type if thing an MSU grad would say about Michigan. I know lots of Duke alumni and I wouldn't consider any of them to be dicks.
as Assistant Coach for the Fort Wayne Mad Ants should cover this small debt.
Mods have had their work cut out for them today. The muppet guy with holocaust jokes, the guy trolling the basketball thread, the thread complaining about the guy trolling the basketball thread, now this guy.
selection show can't get here soon enough
feel sorry for any high profile athlete who throws it all away. We have had our failures here in the D. Denny McClain comes to mind.
The you have a guy like Ron LeFlour who gets out of prision, works hard, makes the Tigers team, becomes the everyday started, steals 1 kazillion bases, starts in the 1976 All-Star Game and has a good career.
People like that come from privlidge. They think the world owes them something. I agree with Jalen, CL is a little bitch on and off the court.
there are so many people, especially in the D, that have very little after the expenses. CL is a little bitch. I hope he gets everything that is due to him under the law.
Listen, Ron LeFlore's story is not a an example of a guy who did not throw it all away. Sadly.
On May 5, 2007, during an autograph signing, LeFlore was again arrested for failure to pay child support.
I don't think he's quite ready to be the image of turning it around as he has been arrested post playing career as well.
It's hard for me to be sympathetic toward a former professional athlete who manages to piss away $61 million and end up $30 million in debt.
Frank Murphy would be disappointed in your callousness
Couldn't happen to a bigger douchebag. I always hated that Dukie trash.
you racist bastard
The problem with the article is it references the issue as potentially related to his personal wealth etc. Laettner's businesses do not relate to his personal wealth (excepting his own investments in them) and based on the article below it seems they likely have holdings to cover $30 million in debt.
Here's a thought: maybe athletes (i.e., Shawne Merriman, Scottie Pippen) should not invest their money with unproven ex-professional athletes who only get by as "developers" based on their name recognition.
Laettner has always seemed like an arrogant a-holeand it seems his approach to repayment to his investors has followed this approach.
and I'm not so invested in this story--in fact in my original one-minute effort I missed the link--that it changes the funny factor for me.
He didn't lose his health or freedom (jail). So to me, it's worth a shallow "ha ha" in the OT season on a day we could use a distracttion.
Yeah, Laettner and Davis, and their company, owe 30million. Although some of that could be CL personally, it's possible, like you said, that they have plenty of assts to pay off that debt, but for one reason or another they either don't want to or feel they don't have to. For all we know, that company could have assets of 40 million, and CL could still have 20million in the bank from what he made in the league.
I see no reason to feel bad for him based on the information in the article, nor do I feel the need to say anything defending him against the people mocking him. What I take from this article is that CL is likely a poor business man, and Scottie Pippen and Shawn Merriman are dumb investors. Of all the top financial minds in our country, you invest your money with Christian Laettner?
Hard to feel bad for people who piss away more money than I'll ever have in my life.
I'd love to do some research into how NBA stars succeed/fail in their financial matters. Probably the same with lottery winners.
I wonder if money isn't all that dissimilar from handing someone a large bag of sugar. Easy to over indulge and there's no guarantee that you'll know what to do with it once you get it.
Hmm, $61 million. Yeah, I feel really bad for the guy.
to play snotty rich privileged criminal punks on "Law & Order." Instead he played one in real life.
Couldn't have happened to a bigger asshole....looks like his legendary ego has finally gotten the best of him.
I am not sure why this is funny or amusing. He is human and he has a family.
financialy for someone who made over 60 million dollars and is now bankrupt?
I don't feel sorry for him. I am just not LOL-ing at someones misfortunes. Two completely different things.
Because you write for a U of M message board, that gives you the right to give people life lesson's, get teh fuck outta here, your mother's bathroom needs to be cleaned.
Anyone else remember the story of when Jerry Stackhouse beat the shit out of Laettner on a team flight because Laettner wouldn't pay him a poker debt?
Anyone sharing their Very Mature Sympathy for Laettner's financial problems sounds pretty silly, in my opinion. Looks to me like he engaged in some shady business practices and is fighting tooth and nail to avoid paying money he knows he owes. Also, as others point out, we have no idea if this is affecting his personal wealth at all. As far as I can see, there's barely enough in this story to incite schaedenfreude, let alone empathy. Christian Laettner has always seemed like kind of a dick (how the mod knows definitively - and sanctimoniously - that he's not a terrible person is mysterious) and it looks like he's kind of a dick in his off-court dealings. End of.
I'm seeing a show about to start on ESPN2 entitled Fab Five with info saying C Webb and the others talking about their time at Michigan. Is this a new thing?
its the same doc from a year or two ago. I just thought Webber didn't speak in it.
You think that someone with a quality Duke education would have learned some money management skills.
This is a money but you can get there pretty fast leveraging real estate. Impossible to tell how much of this he's really on the hook for and how much is people (apparently former friends) really pissed because they were defrauded, albeit maybe legally.
Not good regardless.