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Latrell Sprewell's Yacht Repossessed

Former NBA bad boy Latrell Sprewell's days of cruising Lake Michigan aboard his yacht are over. A U.S. Marshal seized Sprewell's 70-foot yacht, "Milwaukee's Best." The $1.5 million yacht has a $1.3 million loan and the bank claims that Sprewell has not kept up with the $10,322 monthly payments and has not maintained proper insurance on the boat. The bank would like the boat sold to repay the debt. Sprewell famously turned down a $21 million contract a few years back. The yacht was built in 2001by Azimut-Benetti and Sprewell bought it in 2003.


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