High-interest loan helped pay for Vince Young's $300K birthday party
BY DANNY ROBBINS Associated Press
Wednesday, February 13, 2013
2/13/13 at 5:41 AM
DALLAS - The former financial adviser for ex-NFL quarterback Vince Young said under oath that he arranged a high-interest, seven-figure loan for Young during the 2011 lockout because the player wanted to throw himself a $300,000 birthday party even though he was running low on funds.
Ronnie Peoples, president and CEO of Peoples Financial Service Inc. in Raleigh, N.C., said during a videotaped deposition last month that he contacted New York-based Pro Player Funding LLC about the loan after being informed that Young had already paid for the party.
"I think we still would have been OK to go ahead and survive until the next season, but he had a birthday event coming up that he paid 300 and some thousand dollars for," Peoples testified.
Young and his attorney dispute Peoples' account.
Original Print Headline: Loan helped pay for Young's $300K birthday party