Sunday, October 29, 2006

6.1 Million Dollar Debt... Updated


I don't know how one can accrue such a debt but it seems like Mr. McCarty has done it somehow and now is selling his Stanley cup rings (and other sports mementos) to pay off his debt. Too bad I didn't have a bit extra cash laying around or I would pick up one of those replica Stanley Cups that he is auctioning off. Hopefully it all works out for McCarty soon and he focus more on his hockey career.

Story here

UPDATE
I was just watching theScore and Darren McCarty released a statement Sunday night stating that this $6.1 million debt is from business ventures with his friend (probably not a friend anymore) that have gone bad. He apparently co-signed on a few properties/loans and has "maybe" seen 10% of it returned to him since. So now he is basically screwed.