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Thread: Evander Kane Files for Bankruptcy with $26.8 Million in Debt

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    Evander Kane Files for Bankruptcy with $26.8 Million in Debt

    "Everyone says you should be a good loser. If you’re a good loser, you’re a loser."
    - John Tortorella


    "Never be a spectator of unfairness or stupidity. Seek out argument and disputation for their own sake; the grave will supply plenty of time for silence."
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    lmao

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    There's gotta be backstory of him signing something he didn't understand.

    No one is this dumb.

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    Oof that’s got to hurt


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    I'll never understand bankruptcy.....how do you not understand how to spend responsibly? If you cannot pay for it then save. I just don't get it. I also don't understand how you can go through a bankruptcy and be absolved of your debt.

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    This might have something to do with it....



    Cosmopolitan Drops $500,000 Casino Marker Case Against NHL’s Evander Kane
    The Cosmo sued Kane last November because the Canadian NHL veteran had been given eight lines of credit in amounts ranging from $20,000 to $100,000 on April 15, 2019, which he had not paid back.

    Kane was in town that day because the Sharks were facing the Las Vegas Golden Knights in the NHL playoffs.

    Letting Off Steam
    The Cosmopolitan lawsuit demanded repayment of the markers plus legal costs from Kane, who signed a $49 million contract extension with the Sharks in 2018 and is expected to earn $8 million this year.
    https://www.casino.org/news/cosmopol...-evander-kane/

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    Just a bad apple. Good thing he never ended up with us.

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    Evander Kane Files for Bankruptcy with $26.8 Million in Debt

    I’ve seen enough bankruptcy in my auction work to keep me on the straight and narrow financial path for ten lives.

    NYS Lottery winner who bought ‘all’ of his friends motorcycles so they could tour together. But some of them worked so he paid them not to. We sold plenty of garage toys when that one hit the fan.

    Another example was a child of a CA Lottery winner. She spent her share down to ‘0’ in less than two years. How? Flying friends to Las Vegas and giving them money to gamble with. Yup, that kind of dumb.

    It’s easy to out-spend your income when your head gets too big for your wallet. Add gambling to the mix? If that was Kane’s weakness then he could have signed a $100M contract and it still would have all blown up. “Bigger money, bigger problems” is truth for some people. Craig Carton from WFAN fame had his own nightmare. There are plenty of examples.

    Kane didn’t help himself with those pictures of him using ‘mad stacks’ as a cell phone or as a massage tool. Yeah those pics made him a tool. Gambling can lead to addiction. For everyone he owed money to I hope he recovers for them and himself. Looks like he’s heading to discharge debt though...ugh.

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    #imthebadguy

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    Quote Originally Posted by phillyb[emoji769
    ;1039171]

    It’s the people who do stuff like this that always end up broke. So dumb.


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    Quote Originally Posted by Keirik View Post
    This might have something to do with it....




    https://www.casino.org/news/cosmopol...-evander-kane/
    Casinos love to extend lines of credit to people who at least in the beginning have lots of money. And silly people gamble with that like it's free money. And most of them lose, sooner rather than later. Not that different from Craig Carton.
    "At first you go bankrupt slowly, then all at once".

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    Quote Originally Posted by Bugg View Post
    Casinos love to extend lines of credit to people who at least in the beginning have lots of money. And silly people gamble with that like it's free money. And most of them lose, sooner rather than later. Not that different from Craig Carton.
    "At first you go bankrupt slowly, then all at once".
    If he has a gambling addition I hope he seeks help.
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    I find this to be very sad. This exact thing happens a lot in the NFL and particularly with athletes who grew up in poor households. They've never been taught how to save, or better yet invest their money.

    I think rookies go through some kind of class in the NHL - I could be making that up - but all these guys should have financial planners.
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    Quote Originally Posted by ThirtyONE View Post
    I find this to be very sad. This exact thing happens a lot in the NFL and particularly with athletes who grew up in poor households. They've never been taught how to save, or better yet invest their money.

    I think rookies go through some kind of class in the NHL - I could be making that up - but all these guys should have financial planners.
    Yea I’ve heard they have to take a class but I assume it’s like the dmv safety video which most people sleep through.

    Having a financial planner is important but so is actually listening to one.


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    The athletic article about his situation said Evander also listed 7 dependents.....all as living with him. 6-month-old daughter, his sister, 27, his uncle, 54, his mother, 55, another uncle, 59, his father, 60, and his grandmother, 77.

    Wonder how much their “helping” his money situation lol

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    I have an uncle and aunt who hit the lottery for ~40M a little over 20 years ago, they both had amazing careers at IBM pretty much had all you could ask for prior to hitting the lottery. Huge home in north jersey and one of the huge homes down here on the beach in Mantoloking. Three young boys maybe ages 3, 8, 11. They lost their minds instantly. Walked away from their careers and decided they were going to become real estate moguls down in FL. Same shit as you guys mentioned 5-6 cars etc. Couldn't get enough of anything and everything. The boys grew up in a make believe world. Oldest one was on one of the early MTV spring break series, went to the U of Miami, got an great job in NYC at Barclays.

    They got their last check about 3 years ago, the two youngest are caddies down there, they live with their parents in a 3 bedroom apartment. They share 3 cars between them. The oldest he was a functioning alcoholic since college, fit right in on Wall St. Made a good living but it wasn't enough once the big checks ran out. He was hospitalized in Sept and never left, he literally drank himself to death passing away a few days after thanksgiving @ 34.

    Shorter one - wife's step Dad hit the NJ lottery for 12M in the late 80's. He was back working the jack hammer for PSEG within 3 years at 64 years old living in a one bedroom apartment.

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    Quote Originally Posted by ThirtyONE View Post
    I find this to be very sad. This exact thing happens a lot in the NFL and particularly with athletes who grew up in poor households. They've never been taught how to save, or better yet invest their money.

    I think rookies go through some kind of class in the NHL - I could be making that up - but all these guys should have financial planners.
    Quote Originally Posted by Keirik View Post
    The athletic article about his situation said Evander also listed 7 dependents.....all as living with him. 6-month-old daughter, his sister, 27, his uncle, 54, his mother, 55, another uncle, 59, his father, 60, and his grandmother, 77.

    Wonder how much their “helping” his money situation lol
    I don't know what Kane's parents did when he he signed his first "big" deal, but from the # of dependants listed, it sounds like he was their meal ticket.

    There's no telling how much of this was his doing vs his "family".

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    Quote Originally Posted by Pete View Post
    I don't know what Kane's parents did when he he signed his first "big" deal, but from the # of dependants listed, it sounds like he was their meal ticket.

    There's no telling how much of this was his doing vs his "family".
    Definitely. That’s what it seemed like to me. Again, we don’t know how close he was to family.....but it doesn’t look good....lol

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    Forgive me for being naive on the subject, but, how can one claim bankruptcy when he is due millions more in the coming months?

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    Quote Originally Posted by SaveByRichter35 View Post
    Forgive me for being naive on the subject, but, how can one claim bankruptcy when he is due millions more in the coming months?
    Because he probably owes more than what he will be making + assests. The title says he's in 26.8M in debt, he makes $7M.

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