Mind Over Sports

WHY DO SO MANY PROFESSIONAL ATHLETES DECLARE BANKRUPTCY SHORTLY AFTER RETIRING?

Posted on: May 2, 2012

This is a question often raised and the answer is pretty simple. They don’t have a Bobby Brett to handle their finances, as he did for his brother George. When George was playing for the Kansas City Royals, I lived in Kansas City and owned an advertising agency and on occasion hired George to do commercials for my clients. And in order to get that accomplished, I had to go through Bobby, who was his financial adviser and confident. Bobby was a tough person to deal with but he was always straight forward with me and was always truthful. And I believe it was because of his diligence in handling George’s cash flow that helped George to be as successful as he was. When he came to bat, he never worried about his finances because he knew he had Bobby in his corner. Today, both are multi-millionaires and own a couple of minor league baseball franchises in the northwest United States.

It’s too bad Warren Sapp, Michael Vick, Mike Tyson, Johnny Unitas, Bjorn Borg and Mark Brunell didn’t have a Bobby in their corner. It’s been estimated that 78% of all NFL players will declare bankruptcy or face joblessness and divorce a mere two years after they finish their careers.

Citing the rate at which pro athletes declare bankruptcy after their professional careers end, former Major League Baseball player Doug Glanville wrote in one of his magazine columns that the problem lies with the speed at which the money comes in. He advises strong financial and life planning for athletes to avoid money woes after the playing stops. And I advise that they find someone like Bobby to cover their backs.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

N. V. I.
National Visualization Institute

Learn how to visualize, resulting in increased performance.

CONTACT MARV FREMERMAN
PHONE: 417-773-2695

Sports related, Health related, and Business Sales related.

SAMPLE VISUALIZATION SPORTS VIDEO: Visit our HTML tutorial




Welcome to Outdoor Wilderness Adventures
If you are interested in booking a hunting or fishing trip anywhere in the world, with over 800 destinations to choose from, contact Marvin Fremerman at marv@outdoorwildernessadventures.com or call 417-773-2695. We will put you in direct contact with outfitters we recommend.

If you would like to review a list of our more than 800 outfitter destinations, click through the bear that appears below.


Hunting & Fishing Trips

Click Here

Personalized Counseling



Self-esteem building workshops and positive visualization seminars for athletes, sports teams, cancer patients and at-risk youth. Also available for speaking engagements.

E-Mail Marv

marv@mindoversports.com

Or call 417-773-2695

Categories

Buy Marv’s Books!

Contact Marv

If you would like to contact Marv directly, he may be reached at:

Marv Fremerman
Mind Over Sports
2320 West Westview Street, Unit A.
Springfield, MO 65807

417-773-2695

marv@mindoversports.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 89 other followers

hit counter
%d bloggers like this: