Former local football star flounders financially - St. Louis Business Journal:

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million judgment from the lates t ofhis troubles. of Weston, and related companiesa also lost foreclosure judgments on multifamily propertiea in theTampa area, and face a pending foreclosure lawsuit against a third. His Bernie Kosar’a Steakhouse was evicted from its South Miami space in Many South Florida and Cleveland sports fans remember Kosar for his stellart success onthe field. He led UM to its first football national championshipin 1984, then played 12 seasons in the NFL, mostly with the . now 45, played his final season with thein 1996.
The UM trustere is a minority owner of boththe NHL’as and the , an team that sat out the past season alongt with the rest of the The (Cleveland) Plain Deale reported that the Gladiators lost $2 millionb to $2.5 million in the inauguralo 2008 season, during which Kosar was team presideny and guided the team to the semi-finals. Meanwhile, the Pantherws have discussed merging the team with a New York Street & Smith’s SportsBusiness Journakl has reported. It appears Kosar could use some money to paymounting judgments. In April, Nationalo City Bank won a $4.2 milliob judgment against Kosar andBJK LLC.
It was based on the remainingy delinquent amount of a promissory note that was increasedcto $12 million in 2005, with Kosar as a personal guarantor. The lawsuirt does not say what BJK and Kosad used themoney for, but it said he defaulted on the note in June 2008. Kosar’xs attorney, David Lister of Weston, did not returnb repeated callsseeking comment. West Palm Beach-based attorney Michael T. who represents National City Bank, also did not returnh several calls. Kosar’s attempt at running some multifamily propertieson Florida’zs Gulf Coast did not work out too either. Kosar and his Boardwalk LLC on May 11 losta $2.
9 millionn foreclosure judgment to Florida Bank in Pinellas County Circuig Court. The 36-unit building was scheduled for public sale onJune 16. In April, Kosart and his Oakmont LLC losta $3.3 million foreclosurde judgment to Florida Bank in Hillsborough Countu Circuit County over a Tampq apartment building. The bank has another foreclosure lawsuig pending in Pinellas County against Kosad and hisPCV LLC. Kosar also faces significant tax including $59,881 in unpaid property taxes on his Weston home and a combinede $93,647 in federal tax liens against him over his personapl income taxes, including some years filed jointly with ex-wife Babette Kosar.
However, Kosar did fully pay a separater $228,806 federal tax lien places on him inJuly 2008. When The Plain Dealert questioned Kosar about those previouslt unpaid taxesin August, Kosar said some billse were lost in the shuffle during his “Divorce is difficult enough as it is, especiallhy for someone who wasn’t really looking to do he told the paper. who owes what and all of that becomes but whateverI owe, obviously I would pay.” Kosar’z home, at 2940 Paddock Road, is currently listef online for sale for $3.5 million. It was purchases for almost the same amountin 2006.