Who does AB owe money to?
Brown filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court of the Southern District of Florida.
The paperwork mentions a $1.2 million court judgment to Anton Tumanov — a truck driver who sued Brown for assault and battery during an altercation in 2020 and was awarded the funds after Brown failed to appear in court for the lawsuit he filed against him.
He also owes Avanti Solutions $28,589. The company sued Brown last year, alleging he did not pay them for work like transporting stage art and providing production management and performer choreography for his appearance at hip-hop concert “Rolling Loud” in 2022.
Brown apparently owes $296 to a South Florida plumber and hundreds of thousands of dollars in credit card debt as well, reports Times Union.
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Learn MoreHe’s faced financial troubles before
This isn’t the first time Brown has landed in deep water over money problems. He took over as owner of the Albany Empire in March 2023, but the team ended up getting booted from the National Arena League for not paying their dues and fees — which totalled around $22,000.
He was also arrested in October for over $30,000 in outstanding child support payments.
Brown made over $88 million throughout his 12-year career — playing for the Pittsburgh Steelers and the Tampa Bay Buccaneers — but currently claims he has less than $50,000 in assets.
Statistics show 78% of professional athletes go broke after retirement.
Experts say part of the problem is that many of them aren’t prepared to land a large sum of money in such a short period of time and don’t know how to manage it wisely — but hiring a financial adviser or wealth manager can help.
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