|
"It's not a matter of having lived too large—he was never the type to stockpile Ferraris or build himself a compound; the flashiest car he ever drove was a Mercedes, and while he indeed racked up a few homes that cost as much as $4 million, the only crib he classifies as even mildly sick by pro-ball standards was the one he bought in Atlanta to live in during the Philly off-season.
The problem, he says, is that he's by nature too trusting, loyal to a fault, despite everyone's carping that he's selfish. It's the sad old stereotypical song of the up-from-nothing black athlete: He let other people take care of things."
Owens said financial advisers recommended by agent Drew Rosenhaus lost much of his money in highly leveraged ventures, then houses and apartments he thought he could rent out in a worst case scenario became dead weight in a housing market collapse (none of the properties are particularly excessive, but total a yearly mortgage of about $750,000), and $2 million was lost in an Alabama entertainment complex investment. That venture turned out to be illegal, and also claimed former Redskins running back Clinton Portis as a victim.
|