Zion Williamson, Family Reportedly Hit With $1.8 Million Lawsuit

by Larry Leo

July 28, 202310 Comments

According to the Associated Press, the New Orleans Pelicans star and his family have been hit with a $1.8 million lawsuit for failing to pay back most of a $2 million loan from a California-based tech company specializing in finance and data storage from September 2021...

quote:
ESPN.com obtained the lawsuit, saying Williamson's stepfather and business manager, Lee Anderson, asked for a $150,000 payment up front to start the potential business relationship.

"Based on Williamson's statements to Ankr, Ankr reasonably believed that Anderson possessed the authority to negotiate business arrangements for Williamson.

"Anderson represented that the loan was urgently needed, as the family had taken on expensive investments including the purchase of certain real estate in New Orleans and could not meet their obligations due to the temporary suspension of payments from Williamson's sponsorship deals resulting from an injury."

(The Spun)

Filed Under: New Orleans Pelicans

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cajunmud•9 months

Don't you love how family members of a big bread winner think that money is also theirs?

LesnarF5•9 months

Common sense doesn't enter here no where to be found!

LesnarF5•9 months

Zion with one bad decision after another. Why have your stepdad take care of your professional business? They do have actual qualified professionals who's job is to do that. Just dumb as a brick!

HoustonGumbeauxGuy•9 months

NBA is full of idiots

theCrusher•9 months

He's going to end up with nothing.

Akit1•9 months

It’s incredible how each story about Zion is never good news.

Shaq4prez•9 months

Zion needs to get as far away from the step dad as possible. He's making millions and Anderson is playing Monopoly with his money.

CR4090•9 months

Why would he need a loan, when the Pelicans were still paying him? The injury does not negate a contract. Ankr should have known better. Dumbasses.

PeleofAnalytics•9 months

People take out loans all the time when they have the cash on hand already. If the terms are good, you are better off taking the debt.