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Evander Kane files for Bankruptcy

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  • Evander Kane files for Bankruptcy

    Evander Kane has filed for bankruptcy with over $25M in liabilities.... yikes

    https://theathletic.com/2316763/2021...ne-bankruptcy/

  • #2
    I guess he regrets taking these pics

    Click image for larger version

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    MEMBER OF THE 2012 AND 2015 RYDER CUP CHAMPS!

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    • #3
      I'm only surprised that he filed while still playing, and with his large contract still in effect.

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      • #4
        Originally posted by 4wedges View Post
        I'm only surprised that he filed while still playing, and with his large contract still in effect.
        apparently took a loan out and used his contract as collateral.
        MEMBER OF THE 2012 AND 2015 RYDER CUP CHAMPS!

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        • #5
          I don't subscribe so couldn't read the article, did they say what the cause was?

          Was he adopted by Jack Johnson's parents?
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          • #6
            Maybe he bet it all on Trump.....

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            • #7
              Originally posted by Jeffc View Post

              apparently took a loan out and used his contract as collateral.
              Bought everybody in his family an AMG and bought 3 homes worth $10M... with the loan.

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              • #8
                Originally posted by Marty Canuck View Post
                Maybe he bet it all on Trump.....
                Maybe...

                "Kane said his monthly income amounts to minus-$91.131.13. He said he lost $1.5 million over the past month while gambling and has seven dependents who currently live with him."
                What's in the Sunmountain 4.5?

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                • #9
                  Originally posted by ace in the hazard View Post

                  Maybe...

                  "Kane said his monthly income amounts to minus-$91.131.13. He said he lost $1.5 million over the past month while gambling and has seven dependents who currently live with him."
                  Professional sports teams provide all kinds of services to their players, why a financial advisor is not one of them is beyond me when they are paying these guys millions of dollars per year.

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                  • #10
                    Originally posted by ace in the hazard View Post

                    Maybe...

                    "Kane said his monthly income amounts to minus-$91.131.13. He said he lost $1.5 million over the past month while gambling and has seven dependents who currently live with him."
                    That’s......impressive.
                    What the hell is he betting on?
                    Does he ever win?

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                    • #11
                      Originally posted by SeanAvery2point0 View Post

                      Professional sports teams provide all kinds of services to their players, why a financial advisor is not one of them is beyond me when they are paying these guys millions of dollars per year.
                      Good friend of mine does that for a living actually. But it is up to the players to sign up for it on their own.

                      Chris has written books on the subject. Not sure if naming it here violates forum rules?

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                      • #12
                        Originally posted by Marty Canuck View Post

                        Good friend of mine does that for a living actually. But it is up to the players to sign up for it on their own.

                        Chris has written books on the subject. Not sure if naming it here violates forum rules?
                        Thought I read or heard somewhere that a discussion with NBA rookies was mandatory.

                        Sounds like he is surrounded by enablers.
                        WITB

                        D: PING G410 Plus 9*
                        F: PING G25 16.5*
                        H: PING G400 19* & 22*
                        I: PING G400 5 - PW
                        W: Cleveland CBX2 50*- 54*- 58*
                        P: PING Anser 1966 TR

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                        • #13
                          Originally posted by Pingeye2_fan View Post

                          Thought I read or heard somewhere that a discussion with NBA rookies was mandatory.

                          Sounds like he is surrounded by enablers.
                          True that they might get some direction as rookies but young guys making more money than they ever even imagined possible are a funny bunch.

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                          • #14
                            Originally posted by Marty Canuck View Post

                            True that they might get some direction as rookies but young guys making more money than they ever even imagined possible are a funny bunch.
                            For sure, think about a 14 year old in the Dominican years ago, probably didn’t have a baseball glove and 5 years later he’s in America with money and temptations everywhere.
                            WITB

                            D: PING G410 Plus 9*
                            F: PING G25 16.5*
                            H: PING G400 19* & 22*
                            I: PING G400 5 - PW
                            W: Cleveland CBX2 50*- 54*- 58*
                            P: PING Anser 1966 TR

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                            • #15
                              You can't make them take on financial advisors. I cannot imagine modern sports leagues don't have tons of info and support. The players union does a lot of work here also. I've seen in real life how this works. The TV series with Dwayne Johnson called Ballers on HBO documents it well. It's the entourage. The group surrounding the player that includes family and childhood friends they feel responsible for. Often for good reasons and out of a sense of loyalty and trust. A Raptors rookie moved into our building. He had two friends from his hometown that moved in as well. He went on to have a average NBA career. Not great, not bad. He rented a nice double unit. He rented another large condo in the same building for his two buds. Very nice guys. But then he started a local business and one of the two was the "manager". In our discussions with him, he knew nothing about management, didn't even understand local labour rules or tax filings. Soon it had all kinds of issues the player discussed with us briefly. It needed professional management or at least a part time accountant to help. He was weary to bring someone in as his buddy might be offended. The two buds frequented our pub and ran up significant tabs with their friends, all paid by the player. Not $100 here or there but $1000+ entertaining girls with expensive wine and cognac. Both had high end SUV's to drive. The player left the Raps so we never saw the outcome. But my mate is good friends with Butch Carter and he talks about how much influence and these groups can have on players. The challenges with players he sees not managing their life well. He tries to help but it's up to the player.

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