63 sats \ 25 replies \ @grayruby 27 Jun \ parent \ on: Raiders head coach is bankrupt? Stacker_Sports
I guess the best thing he can do is become one of the best coaches in the NFL and make a ton of money.
He never should have invested in a car dealership, multiple dealerships
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Apparently
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Why do athletes go broke?
Because they buy businesses they don’t understand like car dealerships
Ironically John Elway owned many car dealerships in Colorado. He sold them all in 2004 for millions of dollars. Elway is the exception
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It's a tough situation for a lot of these guys. They have a ton of money, most don't have anyone they know and trust to advise them on how to manage it.
They have to do something with it, so it's not surprising that they invest in things they're familiar with, like car dealerships.
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Fidelity index fund
Done ✅
Obviously I am oversimplifying
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You're not wrong, but I think these guys get approached by family and friends with "business opportunities". It can be a tough situation for a young man to navigate, not to mention that they probably have never heard of an index fund.
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The players union has to do a better job teaching financial literacy especially for retirement
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I agree and the older players need to do a better job mentoring.
There's probably no getting around it though. We're talking about thousands of multimillionaire men in their 20's with no existing financial sense, after all.
Paul Coffey used to own a number of dealerships in the greater Toronto area. He had to sell a couple of them because they weren’t doing well. Bolton Toyota which used to be Paul Coffey Toyota used to be one of my customers but I never worked with them when Paul owned it.
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Car dealership is no picnic especially if it’s the end of the month especially July and August
Former great player on the Edmonton Oilers Paul Coffey!
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Really, he just needs the players and Mark Davis to like him. Gruden would still be the coach now, if not for the email scandal, and he was doing a fairly mediocre job.
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For OG, that money is insane. He's getting paid almost as much as Trae Young and he's like the third option (at best).
That said, I like the Knicks roster quite a bit. It seems like they're specifically gearing up to take on the Celtics.
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Do you think they can beat the Celtics? I'm still concerned that White and Holiday will be too daunting for Brunson.
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Too many players from Villanova
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It's surprising how well that's working, but I'm a believer in the 'Nova Knicks.
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I thought the best coach was the interim guy in 2021
Rich did a great job
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Yeah, my dad and I were pissed that they didn't give him a chance to earn the fulltime job.
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Especially since Josh McDaniels was hired after him
2 seasons wasted
Who was the OC in 2021?
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I don't remember, because Gruden was essentially the OC before he got canned and then Carr basically managed the offense the rest of the season.
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Greg Olson
Not the tight end
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That's right. I'm not sure what he actually did for the team, beyond getting Gruden's coffee.
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