10 Ways Sports Stars Blow All Their Money
Rich professional athletes squandering their millions has become a sad cliché.
A Sports Illustrated article this year showed how shockingly common financial ruin is:
- By the time they have been retired for two years, 78% of former NFL players have gone bankrupt
or are under financial stress because of joblessness or divorce. - Within five years of retirement, an estimated 60% of former NBA players are broke.
- Numerous retired MLB players have been similarly ruined.
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