You may be asking how do you blow $50 million dollars? Don’t ask Jets stars Plaxico Burress or Santonio Holmes…ask New York Jets quarterback Mark Brunell (seen below)! The 18-year NFL quarterback is facing a financial nightmare.
We’ve learned the current Jets backup and former Jaguars hero has managed to run through $50 million as an active player and will have to start a 9-to-5 job as soon as his NFL career is over.
And that will be soon. Brunell plans to retire from the Jets after this season and, because of his financial misfortunes, will have to become a regular working stiff. Bankruptcy filings show Brunell has a job lined up to work as a medical sales representative after he’s done holding a clipboard in New York.
Mark Sanchez’s current backup and one of New York coach Rex Ryan’s favorites is appearing more in bankruptcy court than on the field these days.
40 year old Brunell blew all his money with lousy investments into nine businesses — more than half of which are already closed. His most ponderous financial disaster was in Champion LLC, a company that invested in high-end real estate properties. That may have worked out great had the housing market not soured over the course of Brunell’s NFL career.
He also invested in a Whataburger fast-food franchise, and ended up losing every penny he invested and even more according to financial documents. Brunell attempted to cover the loans with his own cash.
If that’s not harsh enough, the three-time Pro Bowl quarterback is facing six lawsuits. Brunell is on the hook for a whopping $24.7 million, according to the litigation.
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