WR Terrell Owens Facing "Financial Disaster"

Wednesday January 25th, 2012

Once one of the top wide receivers in the NFL, Terrell Owens is currently facing a “financial disaster” according to GQ Magazine.

Owens is attempting to sell the multitude of homes which he bought prior to the housing crisis, however most of the houses he purchased are no longer worth what he paid for just a few years ago. He is currently paying as much as $750,000 per year in mortgages, a total that is getting continually harder to manage without an NFL paycheck. To compound issues, Owens is also responsible for $44,600 each month in child support for four children with four different women, according to GQ.

Owens tells the magazine that he has squandered most of the roughly $80 million he earned over the course of his NFL career. The 38-year-old recently signed with the Allen Rangers  in the Indoor League, where he plans to play and also become the co-owner of the team.

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