Started By
Message

re: ESPN 30 for 30: Broke

Posted on 10/3/12 at 12:53 pm to
Posted by maine82
Member since Aug 2011
3320 posts
Posted on 10/3/12 at 12:53 pm to
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.
Posted by Keys Open Doors
In hiding with Tupac & XXXTentacion
Member since Dec 2008
31944 posts
Posted on 10/3/12 at 1:42 pm to
Schilling 's biggest problem is that he put way too much of his own money into the video game venture. He got screwed when RI reneged on their promise due to budget cuts but he should have found other means of raising money.

A lot of guys went all in on real estate in the mid 2000s and lost everything. That's how you get a guy like Laettner who had 9 figure net worth and is now getting sued left and right. But since he didn't go all in with his own money, he is doing better than Schilling.

Mccants sounded suicidal. I doubt he has 18 months of sobriety. And Kosar seemed miserable. It is actually surprising how awful his life turned out because he is supposedly very intelligent.

This was a typical Billy Corbin film though. A lot of flash, catchy background music, etc but not a ton of new info.

This post was edited on 10/3/12 at 1:44 pm
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram