1. Notes: 196 / 4 months ago  from gq
    gq: Terrell Owens: Broke, Alone And In Exile This morning, the news came that Terrell Owens—future Hall of Fame wide receiver and one of the most famous men in football—will play for and co-own the Allen Wranglers, a tiny, unknown indoor football league team in Texas. It’s a long, long way from the NFL, but at least T.O. has a job. GQ contributor Nancy Hass just profiled Owens in our February issue, and it’s a sad, fascinating portrait of a broke, lonely superstar slowing coming to grips with the twilight of his career. The full piece is here. Below, an excerpt about the remarkable state of Owens’s finances. Under similar circumstances, a lesser talent with a smaller ego might eat crow and feign gratitude. Owens’s lack of contrition is either principled or plain crazy, considering how much he needs to play. Not just the kind of “need” you see in superstars whose egos are wrapped up in being in the limelight, the ones who can’t let go as age slows them down. Needs it, as he’s not afraid to admit. Owens may have made a lot of money in his career—at least $80 million—but he insists almost all of it is gone. It’s not a matter of having lived too large—he was never the type to stockpile Ferraris or build himself a compound; the flashiest car he ever drove was a Mercedes, and while he indeed racked up a few homes that cost as much as $4 million, the only crib he classifies as even mildly sick by pro-ball standards was the one he bought in Atlanta to live in during the Philly off-season. The problem, he says, is that he’s by nature too trusting, loyal to a fault, despite everyone’s carping that he’s selfish. It’s the sad old stereotypical song of the up-from-nothing black athlete: He let other people take care of things. He says his financial advisers (informally recommended by Rosenhaus) put him in a series of risky, highly leveraged ventures that he didn’t discover until autumn 2010, when he finally demanded a full accounting. And of course there were the houses and condos, which he had always figured he could rent out; they became dead weight when the real estate market collapsed in 2008. Individually they weren’t terribly lavish, but together the mortgage nut is reportedly almost $750,000 a year. The Atlanta house is on the market; the south Jersey place he paid $3.9 million for was sold for $1.7 million in late 2010. Most egregious of all was the ill-fated Alabama entertainment complex (with an electronic-bingo component) that cost him $2 million. He invested, he says, at the suggestion of his advisers and a lawyer they steered him to, Pamela Linden. The venture turned out to be illegal in the state, not to mention a violation of the NFL’s policy prohibiting players from investing in gambling. Owens is suing Linden, as is Clinton Portis, the former Redskins running back who also invested. (Several other players and the boxer Floyd Mayweather Jr. also got sucked into the venture.) “I hate myself for letting this happen,” he says. “I believed that they had my back when they said, ‘You take care of the football, and we’ll do the rest.’ And in the end, they just basically stole from me.” Smh…what a shame…

    gq:

    Terrell Owens: Broke, Alone And In Exile

    This morning, the news came that Terrell Owens—future Hall of Fame wide receiver and one of the most famous men in football—will play for and co-own the Allen Wranglers, a tiny, unknown indoor football league team in Texas. It’s a long, long way from the NFL, but at least T.O. has a job. GQ contributor Nancy Hass just profiled Owens in our February issue, and it’s a sad, fascinating portrait of a broke, lonely superstar slowing coming to grips with the twilight of his career. The full piece is here. Below, an excerpt about the remarkable state of Owens’s finances.

    Under similar circumstances, a lesser talent with a smaller ego might eat crow and feign gratitude. Owens’s lack of contrition is either principled or plain crazy, considering how much he needs to play. Not just the kind of “need” you see in superstars whose egos are wrapped up in being in the limelight, the ones who can’t let go as age slows them down. Needs it, as he’s not afraid to admit. Owens may have made a lot of money in his career—at least $80 million—but he insists almost all of it is gone.

    It’s not a matter of having lived too large—he was never the type to stockpile Ferraris or build himself a compound; the flashiest car he ever drove was a Mercedes, and while he indeed racked up a few homes that cost as much as $4 million, the only crib he classifies as even mildly sick by pro-ball standards was the one he bought in Atlanta to live in during the Philly off-season.

    The problem, he says, is that he’s by nature too trusting, loyal to a fault, despite everyone’s carping that he’s selfish. It’s the sad old stereotypical song of the up-from-nothing black athlete: He let other people take care of things. He says his financial advisers (informally recommended by Rosenhaus) put him in a series of risky, highly leveraged ventures that he didn’t discover until autumn 2010, when he finally demanded a full accounting. And of course there were the houses and condos, which he had always figured he could rent out; they became dead weight when the real estate market collapsed in 2008. Individually they weren’t terribly lavish, but together the mortgage nut is reportedly almost $750,000 a year. The Atlanta house is on the market; the south Jersey place he paid $3.9 million for was sold for $1.7 million in late 2010. Most egregious of all was the ill-fated Alabama entertainment complex (with an electronic-bingo component) that cost him $2 million. He invested, he says, at the suggestion of his advisers and a lawyer they steered him to, Pamela Linden. The venture turned out to be illegal in the state, not to mention a violation of the NFL’s policy prohibiting players from investing in gambling. Owens is suing Linden, as is Clinton Portis, the former Redskins running back who also invested. (Several other players and the boxer Floyd Mayweather Jr. also got sucked into the venture.)

    “I hate myself for letting this happen,” he says. “I believed that they had my back when they said, ‘You take care of the football, and we’ll do the rest.’ And in the end, they just basically stole from me.”

    Smh…what a shame…

     

  2. Notes

    1. parisau reblogged this from iamsmitty
    2. iamsmitty reblogged this from gq
    3. anindiscriminatecollection reblogged this from gq
    4. naforo reblogged this from gq
    5. livnoezishiem reblogged this from gq
    6. deutschen reblogged this from sportspage and added:
      http://protostarmonsite.blogspot.com/
    7. nothingbetterthanblack reblogged this from gq
    8. jaeisla reblogged this from gq
    9. famejihad reblogged this from gq
    10. rafiqramafitra reblogged this from gq
    11. raysboomboomroom reblogged this from gq
    12. subaroosmiles reblogged this from hate-n-love
    13. jokesterjay reblogged this from gq
    14. jordantreylegacy reblogged this from gq
    15. supercrap reblogged this from gq and added:
      Always believe in 2nd chances or redemption. I’d love to see this guy get another chance. who knows
    16. unigiro reblogged this from sportspage and added:
      Terrell Owens: Broke, Alone And In Exile This morning, the news came that Terrell Owens—future Hall of Fame wide...
    17. shanny-bear reblogged this from gq
    18. gentlemenswagger reblogged this from gq
    19. ckmethodz reblogged this from gq
    20. missdjgemz reblogged this from blasianboo921
    21. itsjustt reblogged this from lukesituation
    22. ullneverseeatipsylikeme reblogged this from gq
    23. moonstarclothing reblogged this from gq
    24. shockspot reblogged this from gq
    25. joemonji reblogged this from gq
    26. tma23 reblogged this from gq and added:
      Smh…what a shame…
    27. echou20 reblogged this from sportspage
    28. prince707 reblogged this from gq
    29. absintheshots reblogged this from gq
    30. daydreamntn reblogged this from gq
    31. stevensor reblogged this from gq
    32. thebrown1 reblogged this from gq
    33. mjstumblin reblogged this from gq
avatar_128
 
 
 
 

Following

dom-kennedyaestheticphotosphotojojovelvetfangswaitinglinesautomotivatedfuckyeahperfectdollsstylingmenindiernbagentninebackalleyviewsurferdude182calikiiddthatspecialtouchnsfwstreetetiquetteobsexxedwbsloankaroliskjgqdefjamblrtooodopedopeliliest0rturous-loveenam0reparkandbondcondenasttravelershempiiorangieporangiepuddingpieglamrruspatlamtheviciouscircussimplypirippedbackpocketpassagedenfertpainlv01svpplybrianpuspostoppingshoplilcaitlin123notitjimothycricketlukewitzgeejewbeefuckyeahmenswearjennnstarissrissx0xrealkidera
 

Tumblr