Clinton Portis says he’s not broke, but he admits that a few bad business deal have left him the target of several creditors.
We reported this morning, that Portis owed various creditors over $1 million in debts, including back taxes to the IRS.
Portis reached out to TMZ to explain his financial issues.
The long story short … Portis says he’s still dealing with the financial fallout from a bad investment deal in 2008 … where he sank a ton of cash into a casino that ultimately went bankrupt.
Portis — along with several other former NFL players — later sued a financial adviser who allegedly duped them into investing in the first place.
“This been ongoing since 2011, 2012 … we just gotta go thru the court process,” Portis tells us. “There’s nothing else I can do. My lawyers are currently dealing with this.”
Portis continues … “At the time I was the biggest name and had the deepest pockets. Now, they’re trying to hold me solely responsible for what was a bad business deal involving a lot of different people.”
Now, Portis reportedly owes more than $1 million to various creditors — including $450k in taxes, $287k to the MGM Grand in Vegas and has other issues with real estate and car loans.
“My lawyers are on top of it,” Portis says … “I’m still eating. Look at my Instagram. I’m not starving. I’m gaining weight.”
“I’m doing fine. I’ll be okay.”
I’m not one to judge anybody else’s finances, but who in their right mind would try to open a casino?