Bankrupt athletes are a dime a dozen. Just look at the ESPN Documentary “Broke”.
Antoine Walker, a former All-Star and NBA Champion, recalls his rode to bankruptcy in an interview with Stephen Smith and Skip Bayless on ESPN’s First Take.
Walker recalls the many investments he made in real estate as a personal guarantor.┬áÔÇťPersonally, I was involved in a lot of real estate projects with the banks where I was the personal guarantor of the loans,ÔÇŁ he said. ÔÇťAnd when the recession hit back in 2007 and 2008, the banks went really hard after the money.
According to TMZ Walker was forced to sell his Miami Heat Championship Ring in order to pay debts.
Read more at NewsOne.