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re: ESPN 30 for 30: Broke
Posted on 10/2/12 at 10:45 pm to BilJ
Posted on 10/2/12 at 10:45 pm to BilJ
well mark brunell had a bunch tied up to fast food chains, too. they go belly up also
i'm not saying mashburn will go broke, but he's not exactly bucking the trends
and like 5 years ago everyone was on dykstra's nuts for being a supposedly prodigal investor...and we saw what happened there
TO has a lot of stupid bills, but i think he has like $20-25M in real estate. 2008 fricked a ton of people, in and out of sports
i'm not saying mashburn will go broke, but he's not exactly bucking the trends
and like 5 years ago everyone was on dykstra's nuts for being a supposedly prodigal investor...and we saw what happened there
TO has a lot of stupid bills, but i think he has like $20-25M in real estate. 2008 fricked a ton of people, in and out of sports
Posted on 10/3/12 at 12:53 pm to SlowFlowPro
quote:
well mark brunell had a bunch tied up to fast food chains, too. they go belly up also
i'm not saying mashburn will go broke, but he's not exactly bucking the trends
I suspect one of the big differences between Mashburn and Brunell is whether they put themselves in debt to finance the restaurants. I would bet Mashburn saved a bunch of money while he was in the NBA and started launching his restaurants with cash. If one or two went bad, no sweat off his back. Whereas we know for a fact that Brunell put himself in debt for a lot of ventures.
Also, Mashburn may have been more thoughtful. Apparently he owns Outback and Papa Johns outlets. Brunell went into Whataburger. I don't know what the national intake for those chains are but I suspect the first two are better investments.
Theoretically, if you get the kind of money Mashburn and Brunell made, you should never have to go into debt again. The more debt you have, the more vulnerable you become. I think that's likely the biggest factor in all this.
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