The Story Of How Michael Vick Lost Millions
Banks in Toronto; South Bend, Ind., and Charlotte, N.C., demanded repayment of more than $6 million in loans used to finance a car rental business, a wine enterprise and other ventures. A sports marketing company that he hired and fired even before he was drafted in 2001 hounded him for another $5 million in lost fees. And he faced breach of contract charges on two other deals.
“Even without the dogfighting case, Michael had been the victim of some very flawed advice by a number of professionals who were supposed to know what they were doing and were supposed to be helping him,” observed Peter Ginsberg, the nationally renowned bankruptcy lawyer who is trying to preserve what little remains of Vick’s net worth.
Full Story: ESPN
On December 23, 2004, Vick signed a 10-year contract with the Atlanta Falcons worth $130 million with a $37 million signing bonus, making him the highest paid player in NFL history at that time and one of the highest paid ever in sports.
Source: Wikipedia
Everybody is scheming on this man’s money, Mo money, mo problems.
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August 17th, 2008 at 1:27 am
oh shit finally i can say 1st bitches
1st bitches
August 17th, 2008 at 1:51 am
Vick fucked up, plain and simple.
August 17th, 2008 at 1:55 am
Thats why when you are getting that free ride in college you show up to class.
Instead of majoring in finger painting try a degree that might help you manage your own finances.
You be allright tho Vick. He already got a multi-million dollar offer to play for a start up pro football league. I beleive worth about 30 mil.
August 17th, 2008 at 4:31 am
okk dude had a contract nd was expectin $$ 130 millie
played w. sum doggz nd his funds got chopped
deals hittin nd missin dats natural
da ones who are paid jus got more hits den missesss LOL
he was smart he invested $$ built up his assets sure he was playin football but he had $$ in other thingss that would have been beneficial in the long haul
but wat he did wrg was invest some of dat $$ on credit
cuz as evident dat $$ was not guaranteed till he did the whole 10 yrs
LESSON LEARNED DONT SPEND B4 YOU GET
August 17th, 2008 at 8:18 am
Vick life is fucked up over some dogs i dnt get it tho TI had army guns and all he got was house arrest that dnt make since unless TI snitched on the gun dealers
August 17th, 2008 at 9:27 am
@ #5
“How Do You Explain How Homie Breezeee
He Said You Keep Your Mouth Shut, Or You Eat The Cheezeee”
August 17th, 2008 at 11:32 am
high profile = moving target to make an example of
new money = a quick loss by being too trusting
lesson learned about wearing the heart on the sleeve
August 17th, 2008 at 11:33 am
For those who don’t understand what I’m talking about..these are the things that land you in jail/prison for a long time rather than recieving a slap on a wrist for crimes that are much worse than dog fighting.
August 17th, 2008 at 11:34 am
damn vick. they always tryin take a nigga down. he already messed up and is in jail and ya’ll still tryin to take his money. damn, he goin be alright tho.
August 17th, 2008 at 11:38 am
I agree with number #3. I seriously knew football players that went to VA Tech and majored in something that was extremely irrelevant in todays economy.
Thats why when ,preferably, black men that come from a broken background and/or from the hood, all they know is FOOTBALL/SPORTS, WOMEN, DRUGS, RAP MUSIC, Foreign Cars and the mentality of GET MONEY. They know nothing else. so when VICK got this deal, 130 million dollar contract and a 30’something million sign on bonus,up front, he went “SPEND MONEY CRAZY!!”
OH!! and his brother, Marcus……. fuckin’ disappointment!!! Its sad when you see raw talent in someone, BUT just the people they chill with and the folks you call friends has SO much influence on your direction in life and can COMPLETELY FUCK IT UP. I saw his friends just destroy his life with the drugs, gurls, the hype, etc.
Hopefully, other young black boys will see how the VICK brothers life got fucked up by dealing with the wrong folks, and not thinking before they acted. Hopefully young black boys will see, all that so called “I’m a thug” shit is stupid/absurb and is ONLY ENTERTAINMENT on television.
Its d
August 17th, 2008 at 1:37 pm
FUCK VICK WHO CAREs?
August 17th, 2008 at 1:49 pm
dogs we talkin bout dogs,we talkin bout dogs lol Allen Iverson. But dogs all this for dogs it is a felony but come on people hate Micheal Vick because of dogs listen dogs fight all the time i know that these were financed dog fights but dogs fight all the time. people kill animals all the this probably wont get through the people with the business suits head but listen it is more problems in this world then micheal vick fighting dogs we watch Micheal Vick`s case more than we watch the real news,we care about things like swimming for gold medals more than we watch what is really going on in the country like china having slavery but some how still get the olympics funny
August 17th, 2008 at 2:47 pm
But everybody got they hand in the pot
So either you cut them off or hand them a knot
This is how it is when you got $$. 1/2 the people in your circle are out for their best interests not yours. Don’t be naive!
Vick will be OK though. He will rebuild his image and get a few big deals.
Its rediculous that he is incarcerated in the first place. For dog fighting? But thats a whole nother subject.
August 17th, 2008 at 6:29 pm
anyone knows the girl at the end of bow wow’s like you video, the one he hops in the car with cuz she’s hot. if anyone knows holla at me
August 17th, 2008 at 9:05 pm
I don’t feel bad for him. When you have that much money, learn what to do with it. Don’t put it in the hands of other people because they’re gonna do what’s best for them, not you. Take it as a lesson learned, Mike. When you get out, rebuild your image, make some more money, and MANAGE IT YOUR DAMN SELF.
August 17th, 2008 at 10:16 pm
They are really out to get him! And paying 1 million dollars in restitution for 60 dogs get the hell outta here. I watch that dog show on the discovery channel where they take away peoples dogs for being mistreated and they don’t have to pay for nothing when the dogs get taking away!
http://www.myspace.com/wavesmusic360
August 18th, 2008 at 12:38 pm
what a fuckin loser…
March 21st, 2009 at 11:35 pm
fuck micheal vick hes a dickhead for fighting thos dogs its people like him who give pitbulls a bad name he should sit and rot in jail for wat he did fuckin 23 month sentence people are fuckin stupid people should treat him like he treated those dogs