Philadelphia Eagle's football star Michael Vick has reportedly blown through $30 million in four years.
TMZ is reporting that legal documents filed in his bankruptcy case state that Vick has made $31 million since he failed for bankruptcy in 2008, that money is now gone.
He didn't spend it on lavish parties, jewels or expensive cars. Instead, a big chunk of it went to taxes and creditors.
"The math is pretty simple -- Vick had to pay a total of $29.6 mil -- of that, $10.9 went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and accountants, and the rest is for various things, including child support and living expenses," TMZ says.
Vick is now left with $1.5 million, TMZ says. A financial rebound is imminent in Vick's future. Just last year, he signed a 6-year, $100 million contract, plus endorsement deals, clothing line and from his newly released memoir Finally Free.
On Tuesday, Vick tweeted to his followers: "Just watched 30 for 30 on Espn........Be smart with your $"
Phily.com reports that Vick's living expenses have been restricted to $300,000 a year, per his bankruptcy agreement.
"He's hardly living the high life," USA Today says.
Vick gained notoriety in 2007 when it was discovered he was running a dog fighting ring at his home in southeastern Virginia. State and federal investigations led to gruesome details of abuse, torture and the execution of dogs painted a bad image of Vick and sparked a public outrage. He was sentenced to 23 months in prison for his part in the operation, which involved the drowning and hanging of pit bulls.
He filed for bankruptcy in 2008, citing debt of $10 to $50 million, which included a 2.5 million loan and $4.5 million for breach of contract.
Finally Free was released details his experience throughout his rise to stardom and how his life spiraled out of control, including his bankruptcy and dog fighting trial.
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