Money issues and Vince Young have become synonymous. Especially when you hear of stories of him spending $5,000 a week at The Cheesecake Factory.
Young blames his money woes on his former agent and financial adviser for his money woes and has sued them both for misappropriating millions of Young’s money.
And what happens once you sue someone? That’s right, depositions happen. And in a sworn deposition given by his former financial advisor Ronnie Peoples, it is revealed that during the 2011 lockout Young allegedly took out a high interest loan to finance a $300,000 party he threw for himself.
The former financial adviser for ex-NFL quarterback Vince Young said under oath that he arranged a high-interest, seven-figure loan for Young during the 2011 lockout because the player wanted to throw himself a $300,000 birthday party even though he was running low on funds.
Ronnie Peoples, president and CEO of Peoples Financial Service Inc. in Raleigh, N.C., said during a videotaped deposition last month that he contacted New York-based Pro Player Funding LLC about the loan after being informed that Young already had paid for the party.
“I think we still would have been OK to go ahead and survive until the next season, but he had a birthday event coming up that he paid 300 and some thousand dollars for,” Peoples testified. “That’s what prompted that call.”
Of course Young and his attorney Trey Dolezal deny that any of that ever happened. But can we really put this past a man who would spend $5,000 a week at The Cheesecake Factory of all places?