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Broke Athletes: Vince Young and 5 Other Athletes Who Went Bankrupt

Reckless spending has lead many sports figures to bankruptcy

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Michael Vick

Michael Vick owed $20 million in debt to dozens in creditors but it appears he’s on his way to settling these debts. Vick lost millions in salary, endorsements, playing time and did prison time on dog fighting charges. The Philadelphia Eagles quarterback had to file for bankruptcy before going to prison but at least he’s still making money. Vick made $7 million this season as well as an undisclosed amount with a Nike endorsement deal plus other endorsement deals.

Article printed from InvestorPlace Media, http://investorplace.com/2014/01/broke-athletes-vince-young/.

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