<div class="quote_poster">Quote:</div><div class="quote_post">Former NBA star Latrell Sprewell had his yacht repossessed by the bank holding the loan on the 70-foot, $1.5 million vessel, the Milwaukee Journal-Sentinel reported Wednesday. According to the report, a U.S. Marshal armed with an order from U.S. Magistrate Judge William E. Callahan Jr., seized the yacht, the "Milwaukee's Best," in Manitowoc, Wisc., about 80 miles north of Milwaukee on the shore of Lake Michigan. The bank has claimed in federal court that the owner, LSF Marine Holdings, a company run by Sprewell, has failed to make monthly payments of $10,322 in a timely fashion and has not maintained the necessary insurance on the vessel, according to the report. The bank wants the "Milwaukee's Best" sold to pay off the $1.3 million it says is remaining on the loan, according to the Journal-Sentinel. The newspaper said it could not reach Sprewell for comment. </div> Source: ESPN This has been a rough summer for Minnesota Timberwolve fans. - Minnesota bridge collapses - Kevin Garnett is traded - Mark Madsen is injured in a boating accident - Eddie Griffin is killed in a car accident - Latrell Sprewell is about to go bankrupt
Maybe he was an idiot giving up millions of dollars to play basketball, and then starting to spend lots of money with no steady income.
^^I'm still a fan of his, but no I don't really care. He always does stupid stuff. It kind of sounds like he just got too lazy and missed a few payments or something lol. And shape, hopefully this terrible offseason turns into an amazing one next year. maybe kg wins a title with boston, then opts out and comes back to the wolves and then we win 10 titles in a row! lol
<div class="quote_poster">shapecity Wrote</div><div class="quote_post">Source: ESPN This has been a rough summer for Minnesota Timberwolve fans. - Minnesota bridge collapses - Kevin Garnett is traded - Mark Madsen is injured in a boating accident - Eddie Griffin is killed in a car accident - Latrell Sprewell is about to go bankrupt</div> lol good point! Although they now have their point guard of the future, Sebastian Telfair and the blossoming Al Jefferson
<div class="quote_poster">NYC_Balla Wrote</div><div class="quote_post">Although they now have their point guard of the future, Sebastian Telfair</div> Yeah! go telfair! your so great...
<div class="quote_poster">Bahir Wrote</div><div class="quote_post">Maybe he was an idiot giving up millions of dollars to play basketball, and then starting to spend lots of money with no steady income.</div>Agreed on the first comment. As for the rest, pure speculation and you have NOTHING on which to base such a thing. There's so many ways this could have come to be besides what you think may be the obvious, it seems most of us have forgotten about being "innocent util proven guilty."
