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Smiling John L Smith (Arkansas Interim HC, former Spartan screwin' it up)

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NFBuck;2217627; said:
That's actually pretty sad. Seeing that press conference the other day, you have to wonder how heavily this stuff is weighing on him. I can't imagine being 63 and flat broke...
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I can't imagine being employed in a premiere school as the head of their football program and being flat broke.
 
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Arkansas coach Smith claims over $25M debt in bankruptcy filing

New documents filed in Arkansas coach John L. Smith's bankruptcy show he has debts of more than $25 million and assets of just over $1.2 million.
Smith filed for Chapter 7 bankruptcy earlier this month after real-estate investments he made in Kentucky went sour. The documents filed Wednesday show Smith's biggest assets are two retirement accounts worth about $600,000 each. Smith claims both are exempt from liquidation.
The largest debt listed is $20 million owed to a business in Louisville, Ky., called Terra Springs LLC.
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After Arkansas fired Bobby Petrino, Smith accepted a 10-month contract worth $850,000 to lead the Razorbacks.

Entire article: http://www.cbssports.com/collegefoo...ith-claims-over-25m-debt-in-bankruptcy-filing
 
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