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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.

Randy Ward, is a die hard Browns fan that hasn't missed a game since the Browns have been back in 99. Randy bleeds Orange and Brown and can't wait for that one day, when the Browns are on top of the mountain. Go Browns and Destination Super Bowl!!!!

2 Comments

2 Comments

  1. ButchGavlen

    June 23, 2009 at 10:20 am

    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

    June 24, 2009 at 6:50 am

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

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