Copy linkEmailFacebookWhatsAppXLinkedInBlueskyThreadsImpact Link
SaveSaved
This story is available exclusively to Business Insider
subscribers. Become an Insider
and start reading now.Have an account? .
ESPN debuted the latest installment of their incredible "30 for 30" series, with "Broke," a look at how millionaire athletes end up losing all their money.
2012-10-03
Many of the stories we have heard before (lavish spending, child support, failed businesses). But it was different to hear those same stories as told by the athletes themselves.
Within the interviews, there was bitterness. There was blame. There was sadness. There was regret. But most of all, there were outrageous quotes about how it happened.
It was clear that the athletes had little concept of how much they were spending
ESPN
And there was also the competition to have more than other athletes
ESPN
Many athletes also don't realize that most businesses fail
ESPN
The 'had to have it' mentality is very prevalent
ESPN
The athletes also weren't shy about blaming others
ESPN
And saying 'no' is something many of these athletes struggle with
ESPN
In many cases, the athletes felt a sense of responsibility for those that helped them become stars
ESPN
Even when it is just little things like cell phones
ESPN
There's also the responsibility of raising children, even after an athlete's career has ended
ESPN
After time they don't realize how much their spending adds up
ESPN
The athlete mentality is generally that they will just keep playing and keep making money, but it rarely works that way
ESPN
In many cases the athletes sounded bitter, but Bernie Kosar was able to find a silver lining
ESPN debuted the latest installment of their incredible "30 for 30" series, with "Broke," a look at how millionaire athletes end up losing all their money.