This is typically the time of year that Christian Laettner gets to be celebrated, repeatedly. We will see the clip of him hauling in Grant Hill’s 3/4 pass and then delivering one of the greatest buzzer beater shots more than any other highlight from past NCAA Tournaments. However, Laettner right now, is dealing with something much more difficult than the terrible Kentucky defense.
The former Duke All-American, along with this former teammate, Brian Davis, will be in court next week in front of a Washington, DC judge. Their real estate loan company has failed to pay another Duke alum, Johnny Dawkins $671,309. They might be held in contempt of court unless they can prove that the failure was due to lack of resources. Laettner and Davis are already paying back former NBA great, Scottie Pippen $2.5 million, who lent them money as well.
Former All-Pro linebacker, Shawne Merrimen is also owed money from the duo. The total due to Merrimen is $3.7 million.
The two former Blue Devils began their real estate careers back in 1995, and by 1999 helped open up a brand new facility for grad students and facility workers to live in. They continued to expand their business over time with new apartments and offices. But Davis and Laettner wanted to grow bigger, faster. They over-extended themselves, and when they got greedy in an attempt to purchase the Memphis Grizzlies, things really began to unravel. In that bid to purchase, they were loaned money from Pippen. The big obviously fell through.
Now Laettner and Davis are scrambling to find funds to pay people back. But with the economy the way it is, and real estate in the toilet, it is unlikely that they will find investors to help cover their payments. Now they need to hope for a last second shot to save themselves from ruins.