San Jose Sharks star Evander Kane has reportedly filed for bankruptcy.
According to the New York Post, the Athletic reported that Kane has filed for bankruptcy and listed liabilities of $26.8 million. Kane also reportedly listed a gambling debt of $1.5 million to The Cosmopolitan. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football)
According to USA Today, his assets are listed at nearly $11 million.
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In case you were wondering just how much money Kane has made since being drafted into the NHL in 2009, it’s north of $50 million, according to Spotrac!
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How is this possible? Seriously, how the hell does a man who has made $50 million during his playing career go bankrupt?
Not only is Kane reportedly bankrupt, but his liabilities are through the roof. How do you rack up liabilities worth $26.8 million?
Whenever I hear about athletes losing money, it always blows my mind. Maybe it shouldn’t, but I’m always shocked.
I don’t make millions of dollars annually, and yet, I’ve never found myself in financial distress. How can someone making much more than me manage to seemingly loss most or all of it?
Better luck in the future, Kane! It sounds like he’s going to need it.