Rodriguez reportedly being sued in real-estate deal

Sporting News staff reports When it rains, it pours. Ask Rich Rodriguez. The Michigan football coach is being sued for allegedly defaulting on a real-estate deal, AnnArbor.com reports. Nexity Bank is trying to recuperate $3.9 million from Rodriguez and four partners involved in a high-end condominium development called "The Legends of Blacksburg," which is within walking distance of Virginia Tech's Lane Stadium in Blacksburg, Va., according to the report. Rodriguez was served with a summons and complaint in his football office on Aug. 24. Rodriguez's financial advisor, Mike Wilcox, says his client is the victim of a real-estate Ponzi scheme, according to the report. He released the following statement Monday: "Several other coaches and prominent individuals are involved in this transaction that was initiated in 2004," Wilcox said. "This is a personal issue, and as Coach Rodriguez's financial advisor, I and his legal counsel ...