Online edition of India's National Newspaper
Tuesday, Jun 26, 2007
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Online edition of India's National Newspaper Tuesday, Jun 26, 2007 ePaper |
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Los Angeles: Seven years after winning a women’s record five Olympic athletics medals and snagging multimillion-dollar ,endorsement deals, Marion Jones is broke. The U.S. sprinter is heavily in debt, fighting off-court judgments and down to a bank balance of about $2,000, according to recent court records reviewed by the Los Angeles Times. Last year a bank foreclosed on her $2.5 million ,mansion in an area of Chapel Hill, North Carolina, where Michael Jordan was a neighbour. She was also forced to sell two other properties, including her mother’s house, to raise money. Jones’ financial woes were revealed in a 168-page deposition in a breach-of-contract suit she filed in Dallas against veteran track coach Dan Pfaff. Pfaff countersued and won a judgment against Jones for about $240,000 in unpaid training fees and legal expenses. — AP
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