The legal battle between Dwyane Wade and his ex-wife, Siohvaughn Funches continues on. During the finals it was revealed that Funches’ lawyers wanted to chat with Pat Riley about Dwyane’s income. Now comes another lawsuit were Siohvaughn is alleging Dwyane owes her $1 million from his past endorsements and Heat contract.
Siohvaughn is suing her former husband, his attorney, his financial adviser and companies she believes he has endorsement deals with for allegedly refusing to uphold an agreement between the ex-couple. The alleged agreement required all of DWade’s income from endorsements and marketing contracts plus half of his July 2006 NBA contract income be deposited directly into a “mutual account.”
Instead, the lawsuit alleges, Wade and his agents and attorneys have made an “end run” around the agreement by deciding “when and how much of those funds should be deposited into the mutually agreed upon account.”
Siohvaughn Wade complained in the lawsuit that she has been unable to pay her mortgage and insurance on her home and car.
When I interviewed Siohvaughn in May, she stated at that time her mortgage was $75,000 behind and that her car insurance had been cancelled. She also refuted claims that she had already received a lump sum payment of $1 million.