It’s not hyperbole to say that Damon Dash‘s finances are a wreck. The Roc-A-Fella Records founder allegedly abandoned an upstate New York mansion; leaving behind clothes, artwork and drug paraphernalia after his failure to keep up with the rent payments.
If you’re into hoops, chances are you remember Steve Francis. The high flying guard tore up the NCAA for a couple of years at Maryland and, for a handful of years, looked like he was on his way to being an all-time great in the NBA. Well, that didn’t happen.
Dame Dash is broke. The Hip-Hop mogul and founder of Roc-A-Fella Records is in dire financial straights under a heaping amount of personal debt.
Allen Iverson is now short one home. The former NBA star’s Atlanta mansion has been sold in a foreclosure auction.
Terrell Owens is steady losing. The latest entry on T.O.’s extensive list of L’s comes via real estate, with the former NFL wide receiver selling his massive Georgia mansion for less than half the original asking price.
It’s simple mathematics; spend less than you earn. Allen Iverson is not adhering to this concept. The former NBA MVP is spending about $359,000 per month on an income of $65,000 per month. Bubba Chuck still pushes a Maybach, though.
“You got champagne taste, but you only got beer money,” says Herman Edwards. “That’s not good!” Tonight’s latest 30 For 30 special via ESPN Films is titled “Broke” and will spotlight the financial struggles of professional athletes. Considering the amount of schadenfreude that goes down when athletes that have it all squander their fortunes on […]