Bernie is broke
June 22, 2009 by James Edwards
Filed under Sports
NFL Football at its best. NFL Football at its craziest.
Bernie Kosar was one of the great all time NFL quarterbacks. Now he is broke.
Bernie came out of Miami and went to the Cleveland Browns. He threw for 124 touchdowns and was all pro in 1987.
Bernie Kosar will pass for money
Since then Bernie has had his share of problems. So after 23,000 yards passing, 3 pro teams, Miami, Cleveland, and Dallas, a failed marriage, and a lost chance at the Miami college coaching job, Bernie finds himself deep in debt.
Kosar’s Chapter 11 filing Friday lists assets between $1 million and $10 million and liabilities of between $10 million and $50 million.
Kosar owes almost $1.5 million in “unsecured debt” to the Cleveland Browns, who he played for from 1985 to 1993. Kosar also owes his ex-wife Babette $3 million and $725,000 (from a personal loan) to the owner of the Cleveland Gladiators of the Arena Football League. He owes a bank more than $9 million for bad real estate deals.
Man, it can be tough to get by on those millions.
Image: Zuma Press
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