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re: John L Smith is bankrupt (new details in story)
Posted on 9/19/12 at 11:42 pm to Razorologist
Posted on 9/19/12 at 11:42 pm to Razorologist
After seeing the "everyone smile" look, seeing how much he has in his checking account, and seeing how he coaches, I'm a little worried about him after he leaves. I wonder what kinds of prospects he'll have.
1
Posted on 9/19/12 at 11:47 pm to Bellabama
he is going the matt foley route. motivational speaker that lives in a van down by the river.
john l future
john l future
Posted on 9/19/12 at 11:48 pm to geauxaddai
quote:
The documents also show the coach as having $300 cash on hand and $500 in his checking account.
This is just sad, a new low. I see no joy in kicking a downed dog.
Posted on 9/19/12 at 11:50 pm to dbt_Geaux_Tigers_196
He comes on TV and I have to look away. It's just depressing.
Posted on 9/19/12 at 11:51 pm to heartbreakTiger
Posted on 9/20/12 at 12:23 am to Bellabama
I feel sorry for the guy and his family...
Posted on 9/20/12 at 12:30 am to Daigeaux
I do a bit, but he's still a fricking awful coach that's driving Arkansas into the ground
Posted on 9/20/12 at 1:41 am to geauxaddai
quote:
25.7 million in debt.
Send that looney toon over to Pedo State. Only a nut would coach the PSU Pedos.
Posted on 9/20/12 at 2:00 am to Bellabama
I'm in college and I have way more money than an SEC head football coach. :grindin:
Posted on 9/20/12 at 2:05 am to NIH
I have no sympathy for the man. He's earned 19 years of D1 head coach pay days and didn't plan soundly. I'm just glad my state and my fan heart is paying the price for it.
He was the coach I most wanted gone from the staff last season and I bought into the wacky figure head keeping the team loose and focused. He's kept them confused and unguided.
Posted on 9/20/12 at 4:54 am to geauxaddai
Posted on 9/20/12 at 7:48 am to geauxaddai
Say it ain't so John.
Posted on 9/20/12 at 7:51 am to geauxaddai
how in the hell does a grown man with a job only have $500 in his checking account? Is the rest in his savings or something? Does he have a savings account?
Posted on 9/20/12 at 7:51 am to geauxaddai
FYI he didn't go bankrupt b/c he bought to many clown suit's on credit, he got into some real estate deals that got sideways during the downturn.
Posted on 9/20/12 at 7:53 am to CtotheVrzrbck
quote:
He was the coach I most wanted gone from the staff last season
Just curious but why is that? Our special teams besides a few shitty plays last year was pretty good I thought.
This post was edited on 9/20/12 at 7:55 am
Posted on 9/20/12 at 8:30 am to JordonfortheJ
quote:If he provided a guaranty on a commercial real estate transaction, then it isn't that difficult. He obviously should have been better advised. No way should he have had personal recourse on a commercial transaction as a passive investor. Too many variables that you can't control and don't have the time to keep tabs on as a full time coach.
How the hell do you get in over 25 million dollar of debt?
Posted on 9/20/12 at 8:32 am to dbt_Geaux_Tigers_196
quote:
This is just sad, a new low. I see no joy in kicking a downed dog.
I sort of agree, but that means we would have to stop making fun of Vince Young too, and I'm just not ready to do that yet.
Posted on 9/20/12 at 8:32 am to TJRibMe
quote:
If he provided a guaranty on a commercial real estate transaction, then it isn't that difficult. He obviously should have been better advised. No way should he have had personal recourse on a commercial transaction as a passive investor. Too many variables that you can't control and don't have the time to keep tabs on as a full time coach.
i honestly think 90% people hear $25 million bankruptcy and think he went out and blew $25 on cars and clothes, blows my mind.
Posted on 9/20/12 at 9:33 am to trillhog
Why didn't he just bet 25 mil on Bama plus the spread last week. If I were him I'd bet 3m per game for the next 9 games, pay off my 25m debt and walk away with 2m in the pocket. All at the expense of the Flagship nation. 
Posted on 9/20/12 at 10:10 am to Crow Pie
quote:
Guess who he bet on the last 3 weeks?
Holy shite I just figured it out.
John L Smith is betting his entire salary each week on the opposing teams and purposefully throwing the games to get himself out of debt.
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