Tales of professional athletes facing financial ruin are all too common. Whether it’s squandering millions or getting swindled by shady business and investment consultants, some athletes’ wealth falls as quickly as it rises.
In 2009, Sports Illustrated estimated that 78% of NFL players are bankrupt or facing financial stress within two years of ending their playing careers and that among NBA players, 60% are “broke” within five years of retiring from the game.
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