Stephon Marbury Owes $16 Million to Wells Fargo Bank | Robert Littal Presents BlackSportsOnline

Stephon Marbury Owes $16 Million to Wells Fargo Bank

by Robert Littal | Posted on Tuesday, August 2nd, 2011

Not Starbury????

I am shock.

The problem isn’t with Marbury’s personal funds, but how he has been handling his businesses.  SportsGrid.com has the details.

A few years ago Marbury guaranteed a $16 million loan to Starbury, his namesake company that sells shoes and other apparel. The problem is, the company never paid off the loan, and now Wachovia-turned-Wells Fargo wants its 16 mill back and is pressuring Marbury to pay up. Apparently the collateral he put up for the loan was foreclosed property.

Do they still sell the Starbury shoes?

Lets google and find out please hold…………………………………

It looks like you can at http://starbury.com/ also Starbury has a workout DVD on the way.  I am waiting for the Pilar Sanders workout DVD, but I digress.

He is going to need to sell a lot of DVDs to pay off his loans.

About the Author

Founder of BlackSportsOnline and BonaFide Media. @BlackSportsOnline. Email Robert


Displaying 2 Comments
Add Your Comment
  1. SMH RT @BlkSportsOnline BSO Post: Stephon Marbury Owes $16 Million to Wells Fargo Bank http://bit.ly/pLoram

  2. It contains wonderful and helpful posts.I have read most of them and learned a lot from them.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Current day month ye@r *



BlackSportsOnline