Vince Young: Broke, And Doesn’t Know Why

    September 19, 2012
    Amanda Crum
    Comments are off for this post.

Vince Young, currently a quarterback without a country, is deeply mired in financial troubles. To be blunt, he’s broke, and no one can really pinpoint why.

During a legal battle–which involves Pro Player Funding LLC, a company which allegedly loaned Young over a million dollars last year and is trying to collect repayment–the argument flips back and forth between Young’s “out of control” spending and bad financial advisors as the reason for his money woes. NFL.com’s Dan Hanzus seems to think it’s the latter.

“Perhaps Young has always depended on other people to handle business that should’ve been his,” he wrote.

Young was released from the Buffalo Bills prior to the start of the season, and although no one has said that his legal troubles are the reason, his attorney commented along those lines.

“I wasn’t in the room when they (the Bills) made a decision, but what would you think?” Trey Dolezal said. “It certainly wouldn’t help me if I’m the owner or the head coach knowing all this is going on with Vince and then he goes out and plays poorly.”

At one time, Young was worth an estimated $26 million from a contract with the Tennesee Titans; now that’s all gone, with accusations that Young’s uncle is one of the people responsible for the rapid decline of his fortune. He is currently engaged in a lawsuit against his former agent, Major Adams, and a financial planner, Ronnie Peoples, for obtaining the Pro Player loan in his name without his knowledge and misappropriating funds.


    It is usually someone that the broke artist/athlete know that mde their fortunes “disappear.” Sad, but true . . . trust no one!!!!!

  • Tom

    A fool and his money are soon parted. True then, true now. With a $26 Million contract, he managed (by whatever means and with whatever outside “advice”) to go broke. Tell me precisely how much sympathy I am supposed to muster here. First of all, there are a number of very well-established institutions who could have each managed a small portion of his rather enormous income and made considerable money for him. By spreading it among different concerns, he would have limited the damage that any given errant money-manager could have done to his wealth. He did not do that. He trusted a lawyer? How much sense does it take to know better than to trust a lawyer, any lawyer? It would have taken little effort on his part to have avoided this all together and to put himself in a far safer, and much richer, position. I’m afraid that I can’t feel too sorry for him. The tiniest bit of common sense would have prevented this in the first place.

  • LaylaM13

    It does not take a financial genius at those levels even if you stick the money in a traditional account at those amounts the interest would support you and your family nicely, I do not feel the least bit sorry for these athletes they walk around with diamonds dripping off of them and with a different SUV for each day of the week and then wonder where it all went? How many people are busting their rumps working for a living and will never see a fraction of that kind of money? And don’t get me started about what he could have done for charity??!!

  • Joe

    A black man should know better than to trust anybody with his money.

  • bill

    no education you dummy. you kids dont want to go to school,you make a bunch of money and you end up like this poor ass hole.