AGONY OF FINANCIAL DEFEAT: When professional athletes go bankrupt Via HunterTOSun
Heavyweight champion Holyfield earned a whopping $250 million during his reign. It wasn’t enough. In 2008, he kissed his $10 million, 109-room Atlanta mansion goodbye when the bank foreclosed on the spendthrift fighter.JACK CLARK — MLBThe former San Francisco Giants first baseman liked cars. A lot. He first declared bankruptcy in 1992. Clark owned 18 luxury autos, including a $700,000 Ferrari, a Rolls Royce and others. Media reports said Clark was trying to pay 17 car payments at once.
Detroit Red Wings captain Steve Yzerman, Brendan Shanahan, and Sergei Fedorov show their joy after beating the Washington Captials 4-1 in Game 4 of the Stanley Cup Finals June 16, 1998 in Washington. THE CANADIAN PRESS/Paul ChiassonLousy investments. The former Detroit Red Wing and Hockey Hall of Famer was fleeced for nearly $60 million forcing Fedorov back to the KHL to try to make a few dollars. He sold nearly all of his property portfolio and others were foreclosed.
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