Vince Young’s financial situation is the subject of a legal battle. Young has asserted his financial advisor, Ronald Peoples, secured a seven-figure loan during the NFL lockout that the ex-NFL qb claims wasn’t authorized by him. Peoples claimed in a deposition that Vince Young wanted to throw himself a birthday party that would cost $300,000 so he reached out to Pro Player Funding LLC about the loan.
“I think we still would have been OK to go ahead and survive until the next season, but he had a birthday event coming up that he paid 300 and some thousand dollars for,” Peoples testified. “That’s what prompted that call.”
Vince Young’s representatives have denied this claim. The loan was secured the day before Young’s 28th birthday. People’s also said that Young’s monthly expenses would sometimes run as high as $200,000 per month.
“It’s almost like I can have a $30,000 budget that I know we had to pay here, but then, you know, I get an invoice for a Ferrari that he just bought for $176,000, and they want their money,” he testified.
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February 12, 2013
