Vince Young’s possessions To Be Auctioned To Pay Back $1.7M Loan

Vince Yong made close to $26 million in guaranteed money early on his career, but bad financial advice, and expensive birthday parties have left Young in a jam with creditors.

The still unemployed Young is hoping to get signed by any team, and he better hurry up, because those creditors are now lurking.

KHOU 11 News in Houston is reporting that Harris County constables recently visited Young’s home and took an inventory of his possessions, including furniture, jewelry and art.

Young reportedly is allowed to keep $60,000 in personal property, but a judge has ordered the rest of his property to be sold at auction to pay back the loan.

Young took the loan out via Pro Player Funding during the NFL lockout in 2011 and hasn’t paid it back. Reports later surfaced that Young used part of that money to throw himself a lavish birthday that cost somewhere around $300,000.

Young later claimed that he didn’t understand what he was doing when he took out the loan and a financial adviser named Ronny Peoples duped him.

Pro Player took Young to court, after claiming they spent a year chasing him down for their money.

Young’s attorney went to court on Tuesday to attempt to get a temporary restraining order to prevent the inventory of Young’s possessions, but a judge denied that request.

 

 

Leave a Reply