Read Time:1 Minute, 7 Second
Police entered Vince Young’s home Monday morning to settle an old debt.
According to a report by KHOU Houston, police constables in Harris County, Texas, entered Young’s home to take an inventory of all his belongings and value them for auction. These items will be auctioned off by court order to settle a $1.7 million debt Young owes a company called Pro Player Funding.
Pro Player Funding gave Young a high-risk loan during the 2011 NFL lockout that Young then defaulted on. Young claims the company and his former financial adviser Ronnie Peoples duped him into taking out the loan. A court ruled in favor of Pro Player Funding, and Young has been disputing the judgment ever since.
The story is sad on a lot of levels. It’s sad Young couldn’t handle the rapid acquisition of wealth and couldn’t be more responsible with his money. It’s also sad people gave him bad advice and offered him high-risk loans he probably shouldn’t have been offered. Sad all around.
As part of the judgment, Young will be allowed to keep $60,000 worth of personal belongings, but the rest must be auctioned off to settle the debt.
(Thanks to Fox Sports for sharing.)