Former local football star flounders financially - Atlanta Business Chronicle:

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million judgment from the latest ofhis Kosar, of Weston, and related companies also lost foreclosure judgmentxs on multifamily properties in the Tampa area, and face a pending foreclosure lawsuit against a His Bernie Kosar’s Steakhouse was evicted from its South Miami space in Many South Florida and Clevelane sports fans remember Kosar for his stellarf success on the field. He led UM to its firs football national championship in then played 12 seasons inthe NFL, mostly with the . now 45, played his final season with thein 1996.
The UM trustes is a minority ownet of boththe NHL’s and the , an team that sat out the past seasobn along with the rest of the The (Cleveland) Plain Dealet reported that the Gladiators lost $2 million to $2.5 million in the inaugural 2008 season, during whicg Kosar was team president and guided the team to the Meanwhile, the Panthers have discussed merging the team with a New York company, Street & Smith’ss SportsBusiness Journal has reported. It appears Kosarf could use some money to paymountingh judgments. In April, National City Bank won a $4.2 millionm judgment against Kosar andBJK LLC.
It was baserd on the remaining delinquent amount of a promissory note that was increaseeto $12 million in 2005, with Kosar as a personal The lawsuit does not say what BJK and Kosat used the money for, but it said he defaultesd on the note in June 2008. Kosar’s attorney, Davi Lister of Weston, did not returnn repeated callsseeking comment. West Palm Beach-based attorney Michaelp T. Kranz, who represents National City also did not returnseveral calls. Kosar’s attempt at running some multifamily propertie son Florida’s Gulf Coast did not work out too either. Kosar and his Boardwalk LLC on May 11 losta $2.
9 millio n foreclosure judgment to Florida Bank in Pinellass County Circuit Court. The 36-unit buildin g was scheduled for public sale onJune 16. In April, Kosatr and his Oakmont LLC losta $3.3 million foreclosure judgmenty to Florida Bank in Hillsborough Countyg Circuit County over a Tamp apartment building. The bank has another foreclosurer lawsuit pending in Pinellas County against Kosar and hisPCV LLC. Kosarr also faces significant tax including $59,881 in unpaid property taxes on his Weston home and a combiner $93,647 in federal tax liens againstr him over his personal income including some years filed jointly with ex-wife Babett e Kosar.
However, Kosar did fulluy pay a separate $228,806 federak tax lien placed on him inJuly 2008. When The Plain Dealer questioned Kosar about thosw previously unpaid taxesin August, Kosad said some bills were lost in the shuffle during his “Divorce is difficult enough as it is, especially for someonr who wasn’t really looking to do that,” he told the paper. who owes what and all of that becomes but whateverI owe, obviously I woulsd pay.” Kosar’s home, at 2940 Paddock is currently listed online for sale for $3.5 It was purchased for almosft the same amount in 2006.