25 Rich Athletes Who Went Broke

by Drea Knufken May 18, 2009, 2:02 pm 405.1k Views

22. Jack Clark

MLB player since 1975
Estimated lifetime earnings: $20 million

When Jack Clark declared bankruptcy on listed debts of $11.4 million and assets of $4.8 million, his lawyer made a statement. “He had some expensive hobbies, and I think they got ahead of him.”

Ya think? The man owned 18 automobiles, including a 1990 Ferrari that cost $717k alone. His three customized, tricked out 1992 Mercedes Benzes cost around $125k each. All in all, he still owes money of 17 of his cars, as well as the failed drag racing course he meant to race them on. Add to that half a mil in back taxes, and you have some expensive hobbies, indeed.

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22. Jack Clark

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Bjorn Borg Darren McCarty Deuce McAllister Dorothy Hamill Evander Holyfield Jack Clark Johnny Unitas Lawrence Taylor Leon Spinks Raghib "Rocket" Ismael Rollie Fingers Scott Eyre Scott Harrison Sheryl Swoopes toparticles Travis Henry

Written by Drea Knufken

Currently, I create and execute content- and PR strategies for clients, including thought leadership and messaging. I also ghostwrite and produce press releases, white papers, case studies and other collateral.