Bernie is Broke

Former Cleveland Browns star quarterback Bernie Kosar has filed for bankruptcy protection in Miami.

Kosar’s Chapter 11 filing Friday lists assets between $1 million and $10 million and liabilities of between $10 million and $50 million.

Kosar owes almost $1.5 million in “unsecured debt” to the Cleveland Browns, who he played for from 1985 to 1993. Kosar also owes his ex-wife Babette $3 million and $725,000 (from a personal loan) to the owner of the Cleveland Gladiators of the Arena Football League. He owes a bank more than $9 million for bad real estate deals.

The 45-year-old Kosar got divorced in 2007 and last year saw his steakhouse go out of business.  Kosar, who also played for Dallas and Miami, retired from the NFL in 1996.

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2 Responses to “Bernie is Broke”

  1. ButchGavlen says:

    This unfortunately does not surprise me, what with the crazy cost of the govt./IRS and what they can and DO do every day, and the cost of X wives; although I notice he borrowed from her. Makes me think they are not enemies and may be trying to slow down the govt agents. The sad thing is it’s going to get a lot worse for a lot more in the coming post-Obama era when it all catches up.

  2. Clayton says:

    That’s what you get for marrying someone named Babette.

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