Punch Posted March 10, 2012 Share Posted March 10, 2012 Interesting story with multiple ties to WNY athletes: http://sports.yahoo.com/blogs/nba-ball-dont-lie/christian-laettner-owes-30-million-unpaid-loans-sports-215427065.html Link to comment Share on other sites More sharing options...
boyst Posted March 10, 2012 Share Posted March 10, 2012 I never did like him much and I love Duke. Link to comment Share on other sites More sharing options...
truth on hold Posted March 10, 2012 Share Posted March 10, 2012 (edited) I wonder if the ants are po'd because he owes them money too? He "is currently an assistant coach for the Fort Wayne Mad Ants in the NBDL ...." Edited March 10, 2012 by Joe_the_6_pack Link to comment Share on other sites More sharing options...
CowgirlsFan Posted March 10, 2012 Share Posted March 10, 2012 I never did like him much and I love Duke. I had no problem with him being a Maverick. Link to comment Share on other sites More sharing options...
Rico Posted March 10, 2012 Share Posted March 10, 2012 Interesting story with multiple ties to WNY athletes: http://sports.yahoo....-215427065.html Great pic. I never did like him & I hate Duke. Link to comment Share on other sites More sharing options...
T master Posted March 10, 2012 Share Posted March 10, 2012 Interesting story with multiple ties to WNY athletes: http://sports.yahoo.com/blogs/nba-ball-dont-lie/christian-laettner-owes-30-million-unpaid-loans-sports-215427065.html What football team did he play for ??? This is a football blog ?? Link to comment Share on other sites More sharing options...
bbb Posted March 10, 2012 Share Posted March 10, 2012 What football team did he play for ??? This is a football blog ?? Lake Shore Eagles. I believe Shawne Merriman plays football? This is a blog? Link to comment Share on other sites More sharing options...
BEAST MODE BABY! Posted March 10, 2012 Share Posted March 10, 2012 Lesson #8567 in business: Never personally guarantee a loan when you're highly leveraged. Link to comment Share on other sites More sharing options...
jr1 Posted March 10, 2012 Share Posted March 10, 2012 "the real-estate ventures of Laettner and Davis, which operated under a multitude of names" never a good sign Link to comment Share on other sites More sharing options...
\GoBillsInDallas/ Posted March 10, 2012 Share Posted March 10, 2012 http://online.wsj.com/article/SB10001424052970204603004577269920969246672.html Link to comment Share on other sites More sharing options...
zazie Posted March 10, 2012 Share Posted March 10, 2012 Sounds like they kept raising money while some ventures were failing,. Very bad faith way to do business. But it was not a ponzi scheme - they did not use new investors to keep old investors happy. They just effed up. Stupid, but civil in nature, not criminal. Saving grace and silver lining. Link to comment Share on other sites More sharing options...
benderbender Posted March 10, 2012 Share Posted March 10, 2012 What football team did he play for ??? This is a football blog ?? This is a forum. But even if it were a blog, I think the fact that it's an interesting story would qualify it to be discussed in a blog. Link to comment Share on other sites More sharing options...
The Poojer Posted March 10, 2012 Share Posted March 10, 2012 it has ties to a current buffalo bill, plus laetner is a buffalo guy, played for nicholls i believe and was from angola, so it is appropriate to be here in my opinion What football team did he play for ??? This is a football blog ?? Link to comment Share on other sites More sharing options...
Punch Posted March 10, 2012 Author Share Posted March 10, 2012 What football team did he play for ??? This is a football blog ?? The article specifically refers to "Buffalo Bills All-Pro linebacker Shawne Merriman" and includes direct quotes from him as he is one of the many investors owed money by Laettner. The subject line says "OT" because the main story is about Laettner, a WNYer, and despite Merriman's involvement it is not nominally about Merriman. "OT" means Off-Topic, which is often used by message board posters to identify topics that fall outside the designated subjects associated with a particular message board. Although this article involves both a renowned professional athlete from WNY and a current Buffalo Bill I felt it should be distinguished from the usual topics regarding the upcoming draft, pending free agents, and Buddy Nix's naptimes. Thank you for your response and please enjoy the rest of my football blog. End sarcasm and Go BILLS! Link to comment Share on other sites More sharing options...
aristocrat Posted March 10, 2012 Share Posted March 10, 2012 Sounds like they got a bit arrogant after their first venture but it sounds like they may be able to pay back creditors with the sale of that first venture. Its amazing what they built down this way and how far the values have fallen. Link to comment Share on other sites More sharing options...
zazie Posted March 10, 2012 Share Posted March 10, 2012 Sounds like they got a bit arrogant after their first venture but it sounds like they may be able to pay back creditors with the sale of that first venture. Its amazing what they built down this way and how far the values have fallen. yes they had some bad luck which is being compounded by credotors forcing them to sell into a down market. Which means they may never be able to pay off ALL the creditors. And with this terrible publicity. thye will find it difficult to start again at least in this business. And I am pretty sure that mad hens assistant to NBA head coach is a difficult jump. Nichols bastard! Link to comment Share on other sites More sharing options...
vincec Posted March 11, 2012 Share Posted March 11, 2012 (edited) Lesson #8567 in business: Never personally guarantee a loan. when you're highly leveraged. Fixed. Edited March 11, 2012 by vincec Link to comment Share on other sites More sharing options...
eball Posted March 11, 2012 Share Posted March 11, 2012 Effing Dookie. Link to comment Share on other sites More sharing options...
KD in CA Posted March 11, 2012 Share Posted March 11, 2012 I never did like him much and I love hate Duke. Fixed "the real-estate ventures of Laettner and Davis, which operated under a multitude of names" never a good sign That by itself is not a good sign. They're !@#$ing basketball players and people are giving them money to develop real estate projects? Hello?? Fixed. Exactly. Find investors willing to take equity or don't take the money at all. Link to comment Share on other sites More sharing options...
Fan in San Diego Posted March 11, 2012 Share Posted March 11, 2012 That by itself is not a good sign. They're !@#$ing basketball players and people are giving them money to develop real estate projects? Hello?? Exactly. Find investors willing to take equity or don't take the money at all. When real estate is rising anybody can look like a genius in real estate. Link to comment Share on other sites More sharing options...
Recommended Posts