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  1. #1
    jmcdon00's Avatar
    jmcdon00 is offline Jersey Retired Snake Champion, Moto Trial Fest 2: Mountain Pack Champion, LL City Truck 2 Champion, Arithmetic sequence Champion, Troops Tower Defense Champion
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    Sprewell's yacht repossessed

    http://msn.foxsports.com/nba/story/7145264?MSNHPHMA
    Former basketball star Latrell Sprewell, who famously rejected a $21-million contract offer three years ago, calling it insulting and saying he had a family to feed, had his 70-foot yacht repossessed Tuesday.

    Armed with an order from U.S. Magistrate Judge William E. Callahan Jr., a federal marshal seized the $1.5-million, Italian-built vessel in Manitowoc, Wisc., where it sat in storage, Milwaukee's Journal Sentinel reported. A New York bank is claiming the yacht's owner, a company run by Sprewell, 36, has defaulted on a mortgage loan.
    The firm, LSF Marine Holdings, hasn't made monthly payments of $10,322 on time and hasn't maintained the necessary insurance on the 6-year-old vessel, North Fork Bank alleges. It wants the yacht, "Milwaukee's Best," sold to pay off the $1.3 million it says is remaining on the loan. Sprewell has guaranteed the loan personally, a contract filed with the court shows. He could not be reached for comment on the repossession, the newspaper reported.

    Sprewell played 13 National Basketball Association seasons. He last appeared in 2004-'05 for the Minnesota Timberwolves and at the beginning of that season rejected a three-year, $21-million contract extension. In the midst of negotiations, Sprewell scoffed at the idea of playing out the season and then becoming a free agent.

    Why would I want to help them win a title?" he said. "They're not doing anything for me. I'm at risk. I have a lot of risk here. I got my family to feed. Anything could happen."

    The four-time all-star played out the season but hasn't returned to the league.



  2. #2
    BloodyHorns82's Avatar
    BloodyHorns82 is offline Jersey Retired Feed The Frog Champion
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    Re: Sprewell's yacht repossessed

    I bet that 21 million is sounding pretty good to Spree right about now!
    hell he could have about 15 more of those yachts if he wanted.
    ;D

  3. #3
    cajunvike's Avatar
    cajunvike is offline Jersey Retired
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    Re: Sprewell's yacht repossessed

    I hear that the boat in question has a Spree Paddle Wheel...LOL
    BANNED OR DEAD...I'LL TAKE EITHER ONE

  4. #4
    COJOMAY is offline Jersey Retired
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    Re: Sprewell's yacht repossessed

    Maybe some NFL team could buy it and have their own "Love Boat."
    ;D
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    When you require nothing, you get nothing; when you expect nothing, you will find nothing; when you embrace nothing, all you will have is nothing.

  5. #5
    ThorSPL's Avatar
    ThorSPL is offline Team Alumni
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    Re: Sprewell's yacht repossessed

    That was funny..I laughed.


    Trust me, I'm a doctor.

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  6. #6
    BadlandsVikings's Avatar
    BadlandsVikings is offline Jersey Retired
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    Re: Sprewell's yacht repossessed

    "COJOMAY" wrote:
    Maybe some NFL team could buy it and have their own "Love Boat."
    ;D

    ROTFL!!!!

  7. #7
    Marrdro's Avatar
    Marrdro is offline Beware My Spreadsheet, Bitches!
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    Re: Sprewell's yacht repossessed

    I wonder how he is gonna catch enough fish to feed his family now?

    (I stole that form a talking head on ESPN).
    ;D
    Many many thanks to my talented friend Jos for the new Sig.http://img.photobucket.com/albums/v343/josdin00/Vikings/Marrdro_sig.jpg

  8. #8
    VKG4LFE's Avatar
    VKG4LFE is offline Jersey Retired Tetris Champion, Monkey GO Happy 4 Champion
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    Re: Sprewell's yacht repossessed

    I feel really bad for him.........

    I get the most pissed off looks from people with my VKG 4 LFE Wisconsin license plate, and I LOVE IT!!

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