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A Fortune magazine article states, however, that a working paper from the National Bureau of Economic Research found that the percentage of NFL players who go bankrupt after two years is a much smaller 1.9%, climbing to 15.7% after 12 years. [6]
The NFL player filed for Chapter 11 bankruptcy in 1991 after his bank attempted to collect on nearly $4 million in failed loans made to Unitas and his business partners in the mid-1980s for the ...
For many football stars, money goes just as quickly as it comes. According to Sports Illustrated, nearly 4 out of 5 former NFL players either go bankrupt or suffer severe financial distress within ...
A stunning 78% of professional athletes go broke after just three years of retirement, Craig Brown, an NKSFB Sports Business Division partner, told FOX Business' "Mornings with Maria" in 2022.
Bankruptcy fraud, concealment of assets, money laundering 6 + 1 ⁄ 2 months imprisonment, 500 hours community service, $200,000 in restitution [230] Released in June 2013 after serving a total of 13 months (7 while awaiting sentencing, 6 + 1 ⁄ 2 afterwards). Placed on probation for three years and also ordered to complete substance abuse ...
Since NFL teams began retiring numbers, 163 players have had their jersey number retired. The Chicago Bears and the New York Giants have the most retired numbers of the teams with 14 each. Reggie White is the only player whose number was retired by two teams (the Green Bay Packers and Philadelphia Eagles).
In September 2017 President Donald Trump said that NFL owners should "fire" players who protest the national anthem. [58] [59] In May 2018, the NFL prohibited players from kneeling in protests during the national anthem. [60] During an interview, President Trump said that the NFL did "the right thing" of releasing the new policy.
For many football stars, money goes just as quickly as it comes. According to Sports Illustrated, nearly 4 out of 5 former NFL players either go bankrupt or suffer severe financial distress within ...