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Former Sox player has some money issues


Kyyle23

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QUOTE (KyYlE23 @ Dec 26, 2009 -> 10:24 PM)
http://sports.espn.go.com/mlb/news/story?id=4771388

 

Chan Ho Park is suing Chad Kreuter for failing to pay off a little less than half of a 460,000 dollars(which has grown with interest).

 

Ouch

 

Its funny that Chan Ho Park who bankrolled 70 million dollars for doing nothing the last decade is that angry over 230 grand.

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http://mlbsecrets.com/baseball/salary/Kreuter/Chad/kreutch01

 

What's most interesting about this case is that here's your average MLB "journeyman" catcher who played 16+ seasons and made over $8 million dollars in his career, yet even that apparently wasn't enough.

 

It would be interesting to see where things went awry, as it would be instructive to former and especially future players to understand more about investments and finding the right accountants/agents to manage their finances...or perhaps this was just a case of getting caught up in the real estate market like the rest of America around 2000-2008?

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QUOTE (caulfield12 @ Dec 28, 2009 -> 02:22 AM)
http://mlbsecrets.com/baseball/salary/Kreuter/Chad/kreutch01

 

What's most interesting about this case is that here's your average MLB "journeyman" catcher who played 16+ seasons and made over $8 million dollars in his career, yet even that apparently wasn't enough.

 

It would be interesting to see where things went awry, as it would be instructive to former and especially future players to understand more about investments and finding the right accountants/agents to manage their finances...or perhaps this was just a case of getting caught up in the real estate market like the rest of America around 2000-2008?

What's even more interesting is how this will affect his job at USC.

 

 

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