Mark Brunell's Crisis: How he lost $50 million

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Updated: 11/01/2011 1:22 pm
JACKSONVILLE, Fla. -- Every little boy dreams of becoming a football star.

As a college quarterback for the University of Washington, Mark Brunell was able to realize that dream. In 1993, the young player was drafted by the Green Bay Packers.

Two years later, a new football franchise would pick up the promising quarterback.

The Jacksonville Jaguars had their franchise QB--and this city's love affair with Mark Brunell began.

Fast-forward 18 years. Mark Brunell is still playing football, but for a different team. And the stories are less about his playmaking and more about his financial troubles.

Despite becoming a three-time Pro Bowl player, winning a Super Bowl, and making upwards of 50 million dollars, Mark Brunell is broke.

The money is gone, and Action News has uncovered the papers that show how Jacksonville's beloved former quarterback is now playing defense in Bankruptcy court.

According to court filings, Brunell sank his fortune into nine businesses and enterprises, five of which are no longer in operation. Brunell is now the focus of no less than six lawsuits.

Among the biggest financial losers was a company called Champion LLC, which purchased high-end investment properties. But when the real estate market crashed, Brunell lost every cent of his investment and even more trying to cover the loans with his own money.

Another financial bust was Brunell's investment in a Whataburger franchise. His entire investment was lost on that venture. In all, there are $24,729,766 in claims against the former Jags QB.

"He's trusting and maybe that's a weakness. He looks for the best in people," said Michael Huyghue, Commissioner of the United Football League. In Brunell's day, Huyghue spent more than five years in the front office at the Jaguars.

Huyghue knows Mark as a man of faith and family. He says Brunell is a smart, educated man--and never one to flaunt his success.

"There's no better character person, he's got toughness as an athlete [...] a guys guy. He's the kind of person who will always do the right thing, but his story is more widespread. Not just in football, but other sports as well."

Ken Ruettgers retired from the Green Bay Packers in 2006 and started a non-profit to help players learn how to live without football.

"It's something like 78% of former NFL players, two years after their last game are either bankrupt, divorced, or unemployed," said Ruettgers.

So while Mark Brunell's story is not uncommon--he has handled his financial misfortune with grace. According to his bankruptcy filings, once he retires from the Jets this year he will come home to Ponte Vedra to work as a medical sales representative.

Brunell also continues to do charitable work through his family's foundation.

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The views expressed here do not necessarily represent those of Action News Jacksonville

brunell1 - 11/2/2011 12:02 AM
0 Votes
Brunell is my boy. Best player ever. #1 fan ever. boom

scott32207 - 11/1/2011 9:27 PM
1 Vote
"...papers we uncovered..." from public filings, nice detective work. This is old news and certainly not real news. What does UFL Commissioner Michael Huyghue have to do with any of it? So he worked with Brunell during his Jaguars years, big deal, what's the connection? When Brunell's lawyers "politely" declined to provide ActionNews with any information...ActionNews should have realized there was no story. What a huge waste of time and resources. There is a reason why local news is so bad....a good reason.

ActionJaxOn - 11/1/2011 7:53 PM
0 Votes
Mark Brunell is a tough player. I cannot comment on him personally, I do know that fame CAN be difficult. I would prefer he NOT be a "a medical sales representative" if that means he works for a pharmaceutical company. Keep something important in mind: Drug companies sell the SAME drugs in Canada but in Canada they cost MUCH less - even at their retail (NO insurance coverage) price (with a prescription). Here is a snip from the NY Times article "Looking to Canada, Not Candidates, for Prescription Drugs" printed July 24, 2004 "...Wisconsin Gov. Jim Doyle and Minnesota Sen. Mark Dayton, remain critical of the Medicare overhaul, with Dayton using his own money to fund bus trips for seniors to fill their prescriptions for less than market rates in the United States." Bus trips for drugs have been common all over the northern states. Seniors saved a great deal of money, yet pharma companies still sold the medicine. Why? Because they still made a profit. In the USA they make an astounding profit but governments in other countries do not let them gouge the people who are vulnerable - people in need of medicine. Let's kick lobbyists out of Washington. Also, there is a great News video broadcast Monday, October 31, 2011 on DemocracyNow.org, dealing with Pharma. Check it out.

IDF1FAN - 11/1/2011 5:52 PM
0 Votes
This is very sad, he is one of my favorite qb's. I suggest you start a trust fund, where fans and viewers can donate to him if they wish, and the money would stay in the trust until after his BK and he can use it afterwards. I assume if he got donations during his BK they would go to him debtors, and he may end up without anything once all is settled until he starts his new job. I know the BK courts do NOTHING to help the debtor so it will be an amazing gift to help him stay afloat if you can help make it happen!

AnonymousAdvo - 11/1/2011 5:32 PM
0 Votes
Bandit...did you ever fight in a war? I know no one is asking for my pity. Yeah he may have done some good for some people,but also know that people in the limelight be they athletes or stars will act one way and say they are donating to this or that.But come in contace with that person without a camera around and see if they act the same. I do know some people who have come in contact with him in that situation and he acted like they didn't exist.And you don't know me but I can tell you for a fact that I help people almost on a daily basis!It takes more than money to help people!I guess though I don't help much...I just work with troubled teens and keep them from commiting suicide,but that's not much.I love our troops! They are the biggest heroes around.I know they don't ask for pity,but I do feel they deserve better pay than they receive!so chill!

Celticguy2 - 11/1/2011 5:18 PM
0 Votes
i still have a beanie babie type bear with his number on it from when the jags came into the league. He is a great guy with a good future ahead of him.

skins fan - 11/1/2011 4:36 PM
0 Votes
know the feeling.Lost money dealing with Lauden Golf there in your area.Should have went with What-a-burger myself.

skins fan - 11/1/2011 4:30 PM
0 Votes
Take it and run with it MARK.You tryed and trusted and still played the best you could for your teams.Wish you the best. Skins Fan

leishirsute - 11/1/2011 3:27 PM
0 Votes
Mark is a class act. He's trusting and giving and others would have benefited via his charity if he didn't have his own fanancial problems. Jacksonville needs another sportscaster - HINT!

Bandit - 11/1/2011 9:05 AM
2 Votes
Hey AnonymousAdvo, He isn't asking for your pity and neither are the troops who signed up to be in the military. The guy made some bad investments and he filed chapter 11 to pay back his creditors. He wasn't involved in the making of the story and wasn't asking you for a handout. He probably helped out more people in a week of his life than you ever did in your entire life and he will continue to do so as you will continue to whine about everything. I served in the military by choice and enjoyed it and didn't ask for anyones pity and did just fine.
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