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30 for 30 did an episode on this. It was so interesting and while true many get scammed out of their money, a lot more are spending it check to check. Quotes f
by JiNCMG 9y ago
30 for 30 did an episode on this. It was so interesting and while true many get scammed out of their money, a lot more are spending it check to check.
Quotes from the show
"I had more mortgages than HUD"
"I had 30 to 40 cell phone contracts"
"No athlete wants to earn a few percentage points in bonds. They wanna go for the big dollars, Open restaurants, clubs and car washes! They conquered sports now they will own their next endeavor"
Worst stat from the show: 60% of athletes are broke within 5 years and 70% are divorced within 3 years.
Shocking stat: There is (was?) a website that tracks athletes as they go from town to town so women can go hook up with them.
Many of these quotes are from the big money makers in various sports (NBA, NFL, MLB). They also interview the ones that were able to maintain their money. Like Jamal Mashburn who told his mom that he was going to set her up with a new house and car and before he could finish she told him to save it and take care of himself first.
- emodendroket 9y ago> Quotes from the show "I had more mortgages than HUD" "I had 30 to 40 cell phone contracts" "No athlete wants to earn a few percentage points in bonds. They wanna go for the big dollars, Open restaurants, clubs and car washes! They conquered sports now they will own their next endeavor" I mean those all sound like athletes either getting scammed or getting in over their heads with business endeavors.