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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