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Posted (edited)

 

He mentions it at around the 3:00 minute mark. If he can sign on with a team he wants it to be a Super Bowl contender. Buffalo was the first team he mentioned. 

Edited by Greg S
changing "his" to "he"
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Posted
1 hour ago, aristocrat said:

Poor guy blew 100 million bucks. Tough

I’ve never understood how some of these guys just blow through that kind of money so quickly, I mean, how hard is it to hide five million in a trust for a rainy day????

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Posted
1 minute ago, Don Otreply said:

I’ve never understood how some of these guys just blow through that kind of money so quickly, I mean, how hard is it to hide five million in a trust for a rainy day????

He had to take out loans to pay off other loans for businesses that failed. It’s hard to say no to friends who come to you to start businesses. 

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Posted

This is a tragic story. Generational talent coming out of college. Hopefully he gets a financial advisor so he doesn't have to keep getting punched in the face for a living 

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Posted
Just now, aristocrat said:

He had to take out loans to pay off other loans for businesses that failed. It’s hard to say no to friends who come to you to start businesses. 

   Not for me it’s not, No! Is a word I would happily use under said circumstance, it strikes me that he is a financial moron, never ever loan large money to friends, especially if you want to keep them as friends, that and friends shouldn’t be asking. 
 

   When you are that rich, there is very little to gain by getting a little more rich, I mean, with say a hundred thousand or so annually you can live well, travel, eat really good food, etc etc, why piss it all away on stupid ventures???  I guess humans will never stop doing stupid stuff…, 

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Posted
23 minutes ago, Don Otreply said:

I’ve never understood how some of these guys just blow through that kind of money so quickly, I mean, how hard is it to hide five million in a trust for a rainy day????

 

Well, when you buy everything on credit and have crazy outgoing cash flow, and suddenly something happens, like you get cut and start making way less and you can't make cash flow...that's a rainy day. 

 

Some of the stuff on its own isn't something that loses a ton of value either, like super nice cars, houses, gold jewelry, except it's super customized...so they go to try and liquidate and realize they can't sell it, because nobody wants a $300k car with your initials on it, or some custom paint job...so again, rainy day. 

Posted
1 minute ago, HardyBoy said:

 

Well, when you buy everything on credit and have crazy outgoing cash flow, and suddenly something happens, like you get cut and start making way less and you can't make cash flow...that's a rainy day. 

 

Some of the stuff on its own isn't something that loses a ton of value either, like super nice cars, houses, gold jewelry, except it's super customized...so they go to try and liquidate and realize they can't sell it, because nobody wants a $300k car with your initials on it, or some custom paint job...so again, rainy day. 

 

Or you can find yourself in a situation like Mike Tyson and have Don King rob you blind of everything you have.

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Posted
38 minutes ago, KDIGGZ said:

This is a tragic story. Generational talent coming out of college. Hopefully he gets a financial advisor so he doesn't have to keep getting punched in the face for a living 

 

The tragic part is his ability to procreate.  He beat his kid bloody.  A true POS.

 

I won't tip him at the Delta Sonic.

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