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Vick spends but doesn't squander money

Oct. 4, 2012 at 1:42 PM   |   Comments

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PHILADELPHIA, Oct. 4 (UPI) -- Though a gossip website says the Philadelphia Eagles' Michael Vick has "blown through" his $30 million income, his debts were anticipated, court documents say.

TMZ.com reported "Vick has blown through nearly $30 million since filing for bankruptcy in 2008, nearly 95 percent of his total income," but the overwhelming portion of his expenses, including tax bills and court-mandated payments to creditors after he was convicted and imprisoned on charges relating to a dog fighting operation, were expected, The Philadelphia Inquirer reported Thursday.

Citing legal documents in his bankruptcy case, the majority of Vick's income was directed to taxes, creditors, lawyers, accountants and child support payments, the website said.

"Not exactly 'squandering,'" the newspaper commented.

Vick also has income from endorsement contracts, a clothing line and a book, "Finally Free," the newspaper said.

The book is currently the best selling football book, and the sixth-best selling sports book, on the Amazon.com book list.

Topics: Michael Vick
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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