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

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million judgment from the latest ofhis troubles. of Weston, and related companies also lost foreclosur e judgments on multifamily propertiezs in the Tampa and face a pending foreclosure lawsuit againsfa third. His Bernie Kosar’s Steakhouse was evictedr from its South Miami spacein November. Many Southg Florida and Cleveland sports fans remember Kosar for his stella success on the He led UM to its first football nationaol championshipin 1984, then played 12 seasons in the NFL, mostly with the . now 45, played his final season with thein 1996. The UM trustees is a minority owner of boththe NHL’s and the , an team that sat out the past seaso along with the rest of the league.
The Plain Dealer reported that the Gladiatorslost $2 million to $2.5 million in the inaugurall 2008 season, during which Kosar was team president and guided the team to the semi-finals. the Panthers have discussedc merging the team with a New York Street & Smith’s SportsBusiness Journal has reported. It appeara Kosar could use some money to pay mounting In April, National City Bank won a $4.2 million judgment againsft Kosar and BJK LLC.
It was basexd on the remaining delinquent amount of a promissoryy note that was increasedto $12 millionm in 2005, with Kosar as a personal The lawsuit does not say what BJK and Kosar used the mone for, but it said he defaulted on the note in June 2008. Kosar’z attorney, David Lister of did not return repeated callsseeking comment. West Palm Beach-baserd attorney Michael T. Kranz, who represents National City also did not returnseveral Kosar’s attempt at running some multifamilyh properties on Florida’s Gulf Coastg did not work out too well, either. Kosar and his Boardwalm LLC on May 11 losta $2.
9 milliojn foreclosure judgment to Florida Bank in Pinellas Countu Circuit Court. The 36-unit building was scheduled for public sale onJune 16. In April, Kosaf and his Oakmont LLC losta $3.3 million foreclosure judgmenr to Florida Bank in Hillsborough County Circuift County over a Tampa apartment building. The bank has another foreclosure lawsuit pending in Pinellaw County against Kosar and hisPCV LLC. Kosat also faces significant tax problems, includingg $59,881 in unpaid propertyy taxes on his Weston home and acombined $93,647 in federal tax lienas against him over his personal income including some years filed jointlyg with ex-wife Babette Kosar.
Kosar did fully pay a separatr $228,806 federal tax lien placed on him inJuly 2008. When The Plainj Dealer questioned Kosar about those previouslg unpaid taxesin August, Kosar said some billxs were lost in the shuffld during his divorce. “Divorce is difficult enough asit is, especially for someone who wasn’tr really looking to do that,” he told the paper. who owes what and all of thatbecomew hard, but whatever I owe, obviously I woulx pay.” Kosar’s home, at 2940 Paddock Road, is currentlyg listed online for sale for $3.5 million. It was purchasefd for almost the same amountin 2006.