Seven years after winning a women's record five Olympic track and field medals and snagging multimillion-dollar endorsement deals, Marion Jones is almost broke. The sprinter is heavily in debt, fighting off court judgments, and down to a bank balance of about $2,000, according to recent court records reviewed by the Los Angeles Times. Last year a bank foreclosed on her $2.5 million mansion in an area of Chapel Hill, N.C., where Michael Jordan was a neighbor. She was also forced to sell two other properties, including her mother's house, to raise money. Jones's financial woes were revealed in a 168-page deposition in a breach-of-contract suit she filed in Dallas against veteran track coach Dan Pfaff. Pfaff countersued and won a judgment against Jones for about $240,000 in unpaid training fees and legal expenses. Legal bills have plagued Jones since 2003, when suspicions of drug use emerged and she was linked to the Bay Area Laboratory Co-Operative after a federal raid. Last year, a Jones urine sample tested positive for the performance-enhancing drug EPO. Although she was cleared when a backup sample tested negative, she missed at least five major international meets, forfeiting an estimated $300,000 in appearance and performance fees. (Boston Globe)
Tuesday, June 26, 2007
Marion Jones in Debt...
It looks like Marion Jones has ran into (no pun intended) some hard times!