Thursday, November 20, 2014

With Parents Like These…? Parents Bankrupted NHL Star


NHL Star Jack Johnson of the Columbus Blue Jackets (Kirk Irwin/Getty Images)

Blue Jackets player Jack Johnson of the US National Hockey League (NHL) has filed for bankruptcy.

The Daily Beast carries this report:

Despite earning more than US$18 million so far in his career, and US$5 million this year, Columbus Blue Jackets player Jack Johnson has filed for bankruptcy.

The reason: his parents. While Johnson only said in a statement, that “I picked the wrong people who led me down the wrong path,” those wrong people were reportedly his parents. After dumping hockey super-agent Pat Brisson in 2008, Johnson turned over control to his parents. His mother, Tina, reportedly took out at least US$15 million in high-interest loans from non-conventional lenders against her son’s future earnings.
Johnson’s parents also reportedly bought a multi-million dollar home in Manhattan Beach, California and spent more than US$800,000 on upgrades. 
Johnson now claims assets of “less than US$50,000” and debts of “more than US$10 million.” He has reportedly cut off all contact with his family.

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