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Mark Brunell Is Broke But Would Still Like To Sell You Some Property

Sad news today as USAToday is reporting that Mark Brunell has filed for Chapter 11 bankruptcy, and that he is facing multiple lawsuits on account of failed real estate investments. The details:

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Brunell faces multiple lawsuits because of failed real estate and business loans, according to the Florida Times-Union. One of those includes a loan to a partnership called Champion LLC, which included Brunell's former teammates in Jacksonville, Joel Smeenge and Todd Fordham.

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The three-time Pro Bowler also has a dispute in Jacksonville over a $2.2 million loan for a real estate project.

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It would seem that while Brunell was quite the NFL quarterback, the vagaries of real estate investment eluded him. Brunell emailed the Florida Times-Union to explain his difficulties:

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"The timing of the group's real estate acquisitions at the height of the real estate market, in hindsight, clearly was not good. In the end, we couldn't and I am no longer able to shoulder this burden."

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Now I'm not a financial wiz, but it takes some fairly terrible investing to blow through $52 million dollars. Hopefully, Brunell will be able to recoup some of the money that he lost by reselling the Brooklyn Bridge to Albert Haynesworth.

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