The Associated Press
Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors.
Vick filed Chapter 11 papers in U.S. Bankruptcy Court in Newport News, Va., on Monday. The seven largest creditors listed in the court papers are owed a total of about $12.8 million.
The suspended Atlanta Falcons quarterback hopes he "can, after the conclusion of the bankruptcy case, rebuild his life on a personal and spiritual level, resurrect his image as a public figure, and resolve matters with the NFL such that he can resume his career," according to the filings.
Vick is serving a 23-month prison sentence at the U.S. Penitentiary in Leavenworth, Kan., after pleading guilty last year to bankrolling a dogfighting ring. He was subsequently suspended indefinitely without pay and lost all his major sponsors, including Nike. He also faces state charges related to dogfighting.
The debt includes part of a signing bonus that the Falcons are seeking to recover.
After the plea on dogfighting charges, the Falcons tried to recover about $20 million in bonuses Vick earned from 2004 to 2007. But a federal judge held that Vick is entitled to keep all but $3.75 million of the money paid to him for playing football through the 2014 season.
According to the filings, Vick's other debts include $4.5 million owed to Richmond-based Joel Enterprises Inc., and $550,000 owed to Radtke Sports Inc. for breach of contract.
ROONEYS MAY LOSE CONTROL OF STEELERS: A deal could be reached within days to sell a majority interest in the Pittsburgh Steelers to the chairman of a Pittsburgh-based investment firm, taking control of the NFL franchise away from the Rooney family.
The shares would be sold to Stanley Druckenmiller, chairman of Duquesne Capital management, making him principal owner of the team. Two officials familiar with the talks identified the buyer as Druckenmiller and said Monday that the deal could be completed by the end of the week. They declined to be identified because they were not directly involved in negotiations.
Druckenmiller's interest was first reported Monday by The Wall Street Journal, which said a secret study by Goldman Sachs valued the franchise at between $800 million and $1.2 billion.
The report came a day after Dan Rooney said he and his son, team president Art Rooney II, were attempting to buy out his four brothers in an effort to retain "substantial ownership of the team."
The impending sale is the result of a feud among members of one of sport's most renowned families and has been simmering about two years.
NFL HIRES SECURITY DIRECTOR: The NFL hired Pennsylvania's state police chief for a new position that will cover all aspects of stadium security from fan behavior to signal stealing.
But Col. Jeffrey Miller, who begins work as director of strategic security Aug. 18, said Tuesday there was far more to the job than ensuring no repeat of the episode last year involving the New England Patriots.
"I think it's safe to say that the league is obviously sensitive to any issue which could affect the integrity of the product that they put out on the field," Miller said.
SECOND MAN ARRESTED IN WALKER CASE: A second man was arrested on charges of abducting, beating and robbing Oakland Raiders wide receiver Javon Walker in Las Vegas last month.
Deshawn L. Thomas, 40, was arrested Monday in Las Vegas and held without bail at the Clark County jail, police said.
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