Once a highly paid Multi-Million Dollar Athlete Terrell Owens has been on a downhill road that just won’t seem to turn around. Often times I feel sorry for T.O. because I realize that he is only human, but quickly I’m reminded by sports fans that Terrell caused his own downfall.
After his 2006 GQ interview many had begun to predict the athletes downfall.. However Owens was the last to take notice.. The fans were right. T.O.’s life has spiraled out of control and many blame his lack of humility for it. In addition T.O. was tied up in a lot of real estate that went south when the market gave out. He lost $2 million on a New Jersey home, and pays $750,000 a year in mortgages on various rental properties. In addition, he lost $2 million on a ill-fated Alabama electronic bingo venture, and says someone once drained a $270,000 bank account that he owned.
Terrell Owens, the former NFL star receiver who has signed to play for and co-own an indoor football team, is friendless and nearly broke, he told GQ magazine. “I’m in hell,” Owens, 38, said he tells people who ask about his well-being. After the Cincinnati Bengals did not renew his one-year, $2 million contract last year, Owens has been suffering from his financial shortcomings, including ventures gone bad and child support for his four children, he said.
The $80 million or so he had made in his career is almost gone, he said, but not because he lived a lavish lifestyle. In a profile story in GQ’s February issue, Owens said his financial advisers lured him into risky investments such as an Alabama entertainment complex that cost him $2 million. He later learned the venture was illegal in the state and violated the NFL’s policy of prohibiting players from investing in gambling, he said.
He also owns a slew of properties that he thought he would be able to rent before the housing market tanked, he said. He has a home in Los Angeles that cost him $499,000 and a multimillion-dollar home that is for sale in Atlanta. The home in New Jersey for which he paid $3.9 million was sold in late 2010 for $1.7 million, he said. Owens also pays $44,600 a month in child support for his four children, ages 5 to 12. Three of the four mothers have sued him.
The football player laments about losing trust in people and friends. When people text and ask where he is, he answers, “I’m in hell. I don’t have no friends,” he told GQ. ”I don’t want no friends. That’s how I feel.”
I don’t keep up with sports, so I’m wondering what did Terrell say that was really so bad? And why are Kita and Moe trying to get their own show? Seriously, are they really that interesting? Are they going to fight too?