Brunell Has $24.7M in Liabilities

According to his bankruptcy filing, free agent quarterback Mark Brunell has $5.5 million dollars in assets, 60% of which is a $3.1M home in Ponte Vedra, Florida, but $24.7 million dollars in liabilities, Roger Bull of the Florida Times-Union reports.

Most of the liabilities are personal guarantees that Brunell made on commercial loans involving limited liability companies, including Champion LLC, a real estate and development company Brunell partnered with former teammates Todd Fordham and Joel Smeenge on.

Over $11 million dollars of Brunell's listed liabilities are tied to Champion LLC.

"They bought some land and they got killed, like a lot of people did," attorney Rick Wilcox, who filed the bankruptcy filing for Brunell, told the Times-Union.

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