T.O. is broke as shit haha

Mikefrombx

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#1
I think this great when they talk about his child support to three of four mothers, of his four children.

Just goes to show what happens when you are such a shithead that no nfl team wants to deal with you.


By Susanna Kim
@skimm
Follow on Twitter
Jan 20, 2012 1:39pm
Friendless and Nearly Broke, Terrell Owens Says ‘I’m in Hell’
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(Peter Yang /GQ)

Terrell Owens, the former NFL star receiver who has signed to play for and co-own an indoor football team, is friendless and nearly broke, he told GQ magazine. “I’m in hell,” Owens, 38, said he tells people who ask about his well-being.
After the Cincinnati Bengals did not renew his one-year, $2 million contract last year, Owens has been suffering from his financial shortcomings, including ventures gone bad and child support for his four children, he said.
The $80 million or so he had made in his career is almost gone, he said, but not because he lived a lavish lifestyle.
In a profile story in GQ’s February issue, Owens said his financial advisers lured him into risky investments such as an Alabama entertainment complex that cost him $2 million. He later learned the venture was illegal in the state and violated the NFL’s policy of prohibiting players from investing in gambling, he said.
He also owns a slew of properties that he thought he would be able to rent before the housing market tanked, he said. He has a home in Los Angeles that cost him $499,000 and a multimillion-dollar home that is for sale in Atlanta. The home in New Jersey for which he paid $3.9 million was sold in late 2010 for $1.7 million, he said.
Owens also pays $44,600 a month in child support for his four children, ages 5 to 12. Three of the four mothers have sued him.
The football player laments about losing trust in people and friends. When people text and ask where he is, he answers, “I’m in hell.”
“I don’t have no friends,” he told GQ. ”I don’t want no friends. That’s how I feel.”
SHOWS: World News
 

Creasy Bear

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#2
Way to buck the stereotype.

T.O.- Typical Orangutan
 

LilJimmyRbinson

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#3
I can almost feel bad for him on everything but the kids. TNB having 4 kids with 4 women.
 

fletcher

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How long before he goes the MC Hammer route and starts shilling legal loan sharks and cash for gold pawn shops?
 

Creasy Bear

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#5
How long before he goes the MC Hammer route and starts shilling legal loan sharks and cash for gold pawn shops?
When you hear him on an XM commercial you'll know he hit rock bottom.
 

samurai

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Nothing makes me happier than to see a world class asshole/prima donna take a complete header. Well done shitdick.
 

bb1mobile

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#8
Why don't you hit your buddy Drew up for some cash?

He's never steered you wrong before. :haha7:
 

VMS

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#10
He also owns a slew of properties that he thought he would be able to rent before the housing market tanked, he said.
He bought big houses, didn't he?

Dumbass. Big, nice houses are always the biggest pain in the ass to rent out. Yeah, they generate more income, but the don't generate as much income as a percentage of the cost. They're in good school districts, in good neighborhoods, but what you have to charge for them is too high for a lot of renters to get in on them.

You want to go into rentals? Buy a place with a stable population (ie- not Detroit or some other place that people are moving out of in large numbers) where the property is cheap and the rent is (comparatively) high. It's not rocket science, dumbass.

And stop getting involved in fucking "entertainment" projects. Entertainment projects are bullshit.

If I had "baller" money, I'd be looking at the only other "ballers" who've made enough to become truly, truly big. Like, big enough to become franchise owners themselves. In the modern day, there are two: Michael Jordan and Jerry Richardson. Chances are, you never made as much as Jordan as a player, so following in his footsteps is out.

Follow Jerry Richardson. You have enough money: buy a fucking fast food franchise. McDonald's would be the best choice, but Hardees, Taco Bell, etc. can all work if you get the right people in place. You never see a McDonald's that's gone out of business. Only a McDonald's that's moved down the street to a better location. Other fast food place don't do quite as well, but the percentage of success if much, much higher.

Stop opening up restaurants with your name on it. Nobody cares. The sit-down restaurants owned by pro athletes uniformly fail, and fail badly. People are always going to eat. Whether they eat healthy or not is their fucking choice and their fucking problem. McDonald's isn't going out of business any time soon. If you're an athlete, you should be able to save the money to buy a franchise and you should be able to get the introductions to the people who can help you get a franchise.
 

Kugzilla

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Chino Kapone

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They said when he went to UTofC he asked where all the orange was. He didn't know he wasn't at the REAL UT.
 

LilJimmyRbinson

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#15
Actually this shows how shitty the laws are. He's paying child support based on the 5% of his life he was making Cowboys money with apparently no clause for the 70% of his life he won't be making that money.
 

Neckbeard

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#16
The $80 million or so he had made in his career is almost gone, he said, but not because he lived a lavish lifestyle.
In a profile story in GQ’s February issue, Owens said his financial advisers lured him into risky investments such as an Alabama entertainment complex that cost him $2 million. He later learned the venture was illegal in the state and violated the NFL’s policy of prohibiting players from investing in gambling, he said.
"What? It is against my employer's policy and rules and is furthermore illegal in the state it will occur? And it only costs 2 million? OF COURSE I WANT IN ON THAT SHIT, NIGGA!"

Typical NFL Behavior.
 

Neckbeard

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He claims he never lived a life of luxury and he lived THERE?!
 

Creasy Bear

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Actually this shows how shitty the laws are. He's paying child support based on the 5% of his life he was making Cowboys money with apparently no clause for the 70% of his life he won't be making that money.
Child support payments are never modified by "a clause" in the original agreement or court order. If the financial situation of the payee changes, then it falls to said payee to request a hearing and ask a judge to grant a payment modification.

Fuck 'em. If you don't like the way the child support laws are written... then get snipped, wear a bag(or two), or just keep it in your pants.
 

Ballbuster1

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#24
44.6K a month on 4 lil niglets? How much of that ever reaches them?

I'll bet the baby mommas suck up all that shit. Fuck you TO....:haha7:
 

Jon the Cop

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#25
Nothing makes me happier than when some DB like TO gets what he had coming to him.