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Warren Sapp has a new chapter in life...Chapter 7

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Old
04-07-2012, 12:26 AM
  #1
BwayBshirt
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Warren Sapp has a new chapter in life...Chapter 7

Filed in Florida:

http://profootballtalk.nbcsports.com...es-bankruptcy/

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He has filed under Chapter 7, which will result in full liquidation of his $6.45 million in assets (including a “Large Nude women painting” . . . it’s unclear whether the painting or the women are large) to pay his $6.7 million in debts.

According to the filing, Sapp owes the IRS more than $900,000, along with hundreds of thousands of dollars in child support.

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04-07-2012, 12:34 AM
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Sucks for him, I hope he figures it out.

With that said, for him wrongfully outing Shockey on twitter as the 'snitch' in this whole bounty mess:



Karma Mr. Sapp, Karma.

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04-07-2012, 12:48 AM
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EpochLink
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He makes 45,000 a month being an analyst on NFL network..how the **** can this guy be broke!?!?!

Oh wait, he owes 4 woman child support money a month..his assets he claimed where his 240 pairs of shoes..

Really Sapp?? Shoes? #smh

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04-07-2012, 01:57 AM
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Avs_19
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Another idiot professional athlete.

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Originally Posted by Oilbleeder View Post
Irvin.....

NFLN should start doing some random drug testing because he's definitely on something.

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04-07-2012, 10:10 AM
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04-07-2012, 11:40 AM
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Another idiot professional athlete.



Irvin.....

NFLN should start doing some random drug testing because he's definitely on something.
Just 2 brothers from the glory days of The U sharing a moment!

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04-07-2012, 11:57 AM
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GKJ
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He's going to be on welfare by the time Shockey is done suing him

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04-07-2012, 02:12 PM
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Marc the Habs Fan
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It amazes me time and time again that so many ex-athletes go broke.

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04-07-2012, 02:20 PM
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Originally Posted by Marc the Habs Fan View Post
It amazes me time and time again that so many ex-athletes go broke.
Why? It's not like most of them went to school to get educated. (on the flip side, I don't think the big NCAA schools care about their education either; football is big business).

But even then, they make poor decisions when in school/gone pro: many babies with different mothers, poor financial decisions, poor investment advice...they probably figure that mult-million dollar paycheck is a bottomless well. Throw on top that the typical NFL career is short.

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04-07-2012, 03:18 PM
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I'm sure that SuperBowl ring will turn up soon after everything is settled.

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04-07-2012, 04:03 PM
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I think it's funny. The guy is a jerk.

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04-07-2012, 07:19 PM
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Quote:
Originally Posted by EpochLink View Post
He makes 45,000 a month being an analyst on NFL network..how the **** can this guy be broke!?!?!

Oh wait, he owes 4 woman child support money a month..his assets he claimed where his 240 pairs of shoes..

Really Sapp?? Shoes? #smh
Sapp's average monthly income isn't $45,000, it's $115,000.

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04-07-2012, 08:22 PM
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Originally Posted by Blades of Glory View Post
Sapp's average monthly income isn't $45,000, it's $115,000.
Like I said, how the **** can Sapp be broke

Karma sucks for you Sapp

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04-07-2012, 09:32 PM
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Quote:
Originally Posted by Oilbleeder View Post
Karma Mr. Sapp, Karma.
If karma were in effect something tragic would happen to Shockey daily.

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04-07-2012, 10:33 PM
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Quote:
Originally Posted by EpochLink View Post
Like I said, how the **** can Sapp be broke

Karma sucks for you Sapp
He's a big boy. Big boys gotta eat

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04-07-2012, 11:46 PM
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EpochLink
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I wonder if NFL network and HBO will renew Sapp's contract this year

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04-07-2012, 11:48 PM
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Quote:
Originally Posted by EpochLink View Post
I wonder if NFL network and HBO will renew Sapp's contract this year
I would be shocked if NFL Network did, he's not that great anyway and he opened up NFLN to a lawsuit by Shockey.

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04-07-2012, 11:59 PM
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The fact he thinks whoever turned in NO is a "snitch" and they did something wrong, makes me laugh at this news. We need less people like him around.

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04-08-2012, 12:30 AM
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Quote:
Originally Posted by guinness View Post
Why? It's not like most of them went to school to get educated. (on the flip side, I don't think the big NCAA schools care about their education either; football is big business).

But even then, they make poor decisions when in school/gone pro: many babies with different mothers, poor financial decisions, poor investment advice...they probably figure that mult-million dollar paycheck is a bottomless well. Throw on top that the typical NFL career is short.
My question is, are they too stupid to have financial advisors? Either that, or the advisors tell them whatever as long as they get their cut or the athlete just doesn't care what they say.

For someone who's one of the better players at their position in athletics, there's no reason to go broke. Smart finances tell you that you could live quite well off the money you make and put some away till after 50.

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Old
04-08-2012, 01:42 AM
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EpochLink
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I guess Terrell Owens has a new buddy in Warren Sapp..heck, Antonio Cromartie the same boat.

Why can't these guys be like Warrick Dunn and make good use of themselves.

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04-08-2012, 03:17 AM
  #21
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Great thread title.

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Old
04-10-2012, 12:56 AM
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DaMick
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His contract wont be renewed with that stupid move(Some sources have said it was a coach on his staff who gave Williams up not Shockey)

Curious how he changed his twitter moniker now...(QBKilla to warrensapp)

Can you say damage control?

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04-10-2012, 09:37 PM
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EpochLink
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Seems like NFL Network and Warren Sapp have "mutually" parted ways...

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04-10-2012, 09:39 PM
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Nose of Sutter
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I Lol'ed at the title. Why can't sports players manage their money? Or if they just blow it use it for a good cause like Warrick Dunn does, like another poster said.

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04-10-2012, 10:25 PM
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Why can't sports players manage their money?
Because they don't know how to and/or they get terrible advice.

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