ESPN’s 30 for 30 documentary Broke is almost prophetic. So many athletes fall to bad financial decisions that leave them in dire straights financially and emotionally. Such is the case with former Titans quarterback Vince Young. According to KHOU Houston, on Monday Vince Young had constables at his home:
…Harris County deputy constables armed with court papers to enforce a $1.7 million judgment against him.
KHOU 11 News has confirmed three constables with Harris County Precinct 5 visited his home in the 12000 block of Legend Manor in Southwest Houston. They took an inventory of his possessions—furniture, jewelry, artwork, to tally up how much it’s all worth.
Apparently this is all to settle a $1.7 million debt from a high risk loan Young took out during the 2011 NFL lockout from the New-York firm Pro Player Funding. Young defaulted on the loan and they won a judgement against him in 2012. He’s been fighting the judgement claiming he was tricked by his former financial advisor Ronnie Peoples. Pro Player Funding has been pursuing this debt for over a year.
I don’t know what will happen for Young after this. He is allowed to keep about $60,000 in personal possessions, but this is still a horrible situation. I hope that he can bounce back mentally, and maybe get a year or two back in the NFL. He needs the money–and a way to turn his life around.
If you were his advisor, what advice would you give Vince Young now?
Your Jersey Girlfriend,