News 92 FM

Former Quarterback Vince Young Says He Might Have Signed Loan Papers

Comments: 0  | Leave A Comment
Vince Young (Credit: Getty Images/Patrick McDermott)

Vince Young (Credit: Getty Images/Patrick McDermott)

Former NFL quarterback Vince Young continues to have money problems.

News 92 FM’s Steve Ottesen has the latest:

 

Vince Young is fighting repayment of a $1.9 million dollar loan that was made by the financial group Pro Player Funding during the summer of 2011.

The NFL had locked out the players in a contract dispute, and no one was getting paid, yet somehow Young’s name ended up on paperwork for a loan that demanded a $600,000 interest payment up front.

During a recent deposition, Young testified, “I went to sign some papers… but I don’t remember what it was.”

He told the lawyers he also never questioned why one million dollars of his salary went to Pro Player while he was with the Philadelphia Eagles, but like a common payday loan it did.

In May of last year the 20-percent loan went into default for non-payment.

Five days later, young sued his former agent and manager for $5.5 million dollars, claiming they misappropriated his funds and used the loan money for their own benefit.

In addition to the Pro Player judgment for the 1.7 million left on the loan, his former agent and manager are now counter suing Young whose football career seems to have ended up in the court of law rather than the field of play.

RELATED STORIES:

Get Breaking News On Your Phone…Text “News” to 80185!

For more Local, Sports, Traffic and Breaking News, LIKE us on Facebook below!

Join the Conversation! Share and Discuss!

Tags: » » » » » » »

Comments

Follow

Get every new post delivered to your Inbox.

Join 3,489 other followers