Gregg Posted Thursday at 12:55 PM Share Posted Thursday at 12:55 PM https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/report-antonio-pierce-has-faces-civil-judgments-totaling-28-million This won't be a distraction for the Raiders as we approach TC and preseason. 1 Quote Link to comment Share on other sites More sharing options...
thenorthremembers Posted Thursday at 01:04 PM Share Posted Thursday at 01:04 PM If I am hiring a head coach and see they invested in Nissan and Hyundai in any fashion...I probably pass on that fact alone. 1 4 1 Quote Link to comment Share on other sites More sharing options...
US Egg Posted Thursday at 01:37 PM Share Posted Thursday at 01:37 PM (edited) Would seem unlikely Pierce was running the dealerships. That said, unless they find some financial hanky-panky that he was aware of, I dare say he’s more victim than suspect in this situation. Edited Thursday at 01:44 PM by US Egg 3 Quote Link to comment Share on other sites More sharing options...
T master Posted Thursday at 01:54 PM Share Posted Thursday at 01:54 PM Sounds as if the love highway ends when it comes to a court case for millions with Jocelyn ! But Baby i loved you when ... Quote Link to comment Share on other sites More sharing options...
Bleeding Bills Blue Posted Thursday at 01:57 PM Share Posted Thursday at 01:57 PM 18 minutes ago, US Egg said: Would seem unlikely Pierce was running the dealerships. That said, unless they find some financial hanky-panky that he was aware of, I dare say he’s more victim than suspect in this situation. Don't know enough about the dealership business to truly comment, but it seems like yes he's liable from a money standpoint, but he didn't do anything criminal. In any case, fire your lawyer and hire a better one. 1 hour ago, Gregg said: https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/report-antonio-pierce-has-faces-civil-judgments-totaling-28-million This won't be a distraction for the Raiders as we approach TC and preseason. I wonder how often this happens where the former player just gets cleaned out though and doesn't end up having to file for bankruptcy. 1 Quote Link to comment Share on other sites More sharing options...
NoHuddleKelly12 Posted Thursday at 02:07 PM Share Posted Thursday at 02:07 PM The Raiders have been truly a snakebitten franchise for the duration of Junior's rulership since taking over for Al. Is it coincidence or dumb leadership decisions? Quote Link to comment Share on other sites More sharing options...
ToGoGo Posted Thursday at 02:09 PM Share Posted Thursday at 02:09 PM You know, I really believe the Davises are drawn to these types of characters. It's not bad luck, it's what they are. 1 Quote Link to comment Share on other sites More sharing options...
US Egg Posted Thursday at 02:15 PM Share Posted Thursday at 02:15 PM 13 minutes ago, Bleeding Bills Blue said: In any case, fire your lawyer and hire a better one. ….and your financial advisors. Surely, the Pierces have a lot of questions to ask them. Quote Link to comment Share on other sites More sharing options...
Big Turk Posted Thursday at 02:16 PM Share Posted Thursday at 02:16 PM (edited) Oh man...that's business 101...you never guarantee business assets with personal guarantees that open you up for liability outside the business itself. That's the whole point of having a business entity to begin with...to protect YOU PERSONALLY from this type of stuff. How the hell did his business attorneys allow this? Edited Thursday at 02:16 PM by Big Turk 1 1 2 Quote Link to comment Share on other sites More sharing options...
Ridgewaycynic2013 Posted Thursday at 02:28 PM Share Posted Thursday at 02:28 PM Should have stayed away from car dealerships, and put his money into electronics, intelligence, and surveillance. You know, like Bill did! 1 3 Quote Link to comment Share on other sites More sharing options...
Buffalo Boy Posted Thursday at 02:47 PM Share Posted Thursday at 02:47 PM 29 minutes ago, Big Turk said: Oh man...that's business 101...you never guarantee business assets with personal guarantees that open you up for liability outside the business itself. That's the whole point of having a business entity to begin with...to protect YOU PERSONALLY from this type of stuff. How the hell did his business attorneys allow this? $200 and one piece of paper to set up an LLC in NC. I realize this situation is more involved but wow. 1 Quote Link to comment Share on other sites More sharing options...
BillsShredder83 Posted Thursday at 02:57 PM Share Posted Thursday at 02:57 PM 37 minutes ago, Big Turk said: Oh man...that's business 101...you never guarantee business assets with personal guarantees that open you up for liability outside the business itself. That's the whole point of having a business entity to begin with...to protect YOU PERSONALLY from this type of stuff. How the hell did his business attorneys allow this? whole thing has a tinge of predatory institutions circling an easy target (football player, not businessman, with large $$ to invest), to pick the meat off the bones. attorneys were on the take somehow. he probably got a better rate by backing the business with personal assets, and got convinced that was a great idea 4 1 Quote Link to comment Share on other sites More sharing options...
Augie Posted Thursday at 02:59 PM Share Posted Thursday at 02:59 PM 40 minutes ago, Big Turk said: Oh man...that's business 101...you never guarantee business assets with personal guarantees that open you up for liability outside the business itself. That's the whole point of having a business entity to begin with...to protect YOU PERSONALLY from this type of stuff. How the hell did his business attorneys allow this? As an investor, I would never give an unlimited personal guarantee. As a lender, I would never make the loan without the personal guarantee. That is Lending 101. You don’t give them the money unless you know they are fully committed and can’t just wash their hands and walk away. 1 1 Quote Link to comment Share on other sites More sharing options...
JP51 Posted Thursday at 03:00 PM Share Posted Thursday at 03:00 PM 50 minutes ago, ToGoGo said: You know, I really believe the Davises are drawn to these types of characters. It's not bad luck, it's what they are. I agree, not that this is more than a bad investment... or maybe it is... but the Raiders seem to attract this stuff. Quote Link to comment Share on other sites More sharing options...
Big Turk Posted Thursday at 03:02 PM Share Posted Thursday at 03:02 PM 2 minutes ago, Augie said: As an investor, I would never give an unlimited personal guarantee. As a lender, I would never make the loan without the personal guarantee. That is Lending 101. You don’t give them the money unless you know they are fully committed and can’t just wash their hands and walk away. But yet people go into business all the time and don't end up owing $35 million dollars when the businesses go south. 1 1 Quote Link to comment Share on other sites More sharing options...
Augie Posted Thursday at 03:03 PM Share Posted Thursday at 03:03 PM 1 minute ago, JP51 said: I agree, not that this is more than a bad investment... or maybe it is... but the Raiders seem to attract this stuff. They had Gruden running the show not too long ago on a CRAZY 10 year deal. They sure can pick ‘em! Quote Link to comment Share on other sites More sharing options...
BADOLBILZ Posted Thursday at 03:07 PM Share Posted Thursday at 03:07 PM First thing I thought: Totally on-brand for the Raiders organization 1 Quote Link to comment Share on other sites More sharing options...
Augie Posted Thursday at 03:15 PM Share Posted Thursday at 03:15 PM 2 minutes ago, Big Turk said: But yet people go into business all the time and don't end up owing $35 million dollars when the businesses go south. Everybody failed here, the lender and investor. Not all businesses are driven into the ground. I’d honestly love to know how this was structured, because it’s not as simple as the headlines make it sound. We generally also required that the spouse provided a guarantee as well to prevent any shell games. If it’s a really strong deal the borrower can shop it for the best terms, and maybe someone will cave and skip the full guarantee to get the deal. Obviously this was not foolproof, and the lender was smart to ask for the guarantee. They took a gamble and provided it to get the financing. I’m curious how many other people are on the hook but don’t have the pockets or name recognition to get included in an article like this. Or was it just him? Did it include the spouse? Other investors? There are a lot of unknowns here. 1 1 Quote Link to comment Share on other sites More sharing options...
JP51 Posted Thursday at 03:21 PM Share Posted Thursday at 03:21 PM 17 minutes ago, Augie said: They had Gruden running the show not too long ago on a CRAZY 10 year deal. They sure can pick ‘em! Oh yeah if that is not the poster child for "wanna get away" I have no idea what is. Quote Link to comment Share on other sites More sharing options...
stuvian Posted Thursday at 08:08 PM Share Posted Thursday at 08:08 PM 5 hours ago, NoHuddleKelly12 said: The Raiders have been truly a snakebitten franchise for the duration of Junior's rulership since taking over for Al. Is it coincidence or dumb leadership decisions? apparently it's genetic. Al drafted Jamarcus Russell 1 Quote Link to comment Share on other sites More sharing options...
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