Tuesday, May 25, 2010

$10.5 Million and Still Broke


New York Knick Eddy Curry isn't really broke. He just doesn't know how to manage money.
EC just went to court to try and get some creditors off his back, but once the judge found out Eddy has a personal chef on staff, drives a Rolls Royce, gives his parents, sister and father-in-law $16,000.00 a month, pays $17,000.00 in monthly rents, spends another $30,000.00 in household expenses and has over 12 cars, stiffing his creditors was out the question.

Eddy borrowed $570,000 from All Star Capital in Las Vegas at 85% interest and never paid a dime of it back. The judge ordered Eddy to pay All Star $75,000.00 a month plus interest and All Star may seize three of Eddy's cars: A pair of 2009 Land Rovers and a Phantom convertible.

Oh and did I mention Eddy borrowed $2 million from the NBA and owes Juan Howard $350,000.00?