Lenny Dykstra To Auction Off World Series Ring
The NY Daily News reports that the former baseball legend began shopping the items around about a month after he filed for bankruptcy, presumably when he was still in control of his own finances. Now a court-ordered trustee is handling his affairs and the NY Daily News says that Dykstra was recently banned from the Lake Sherwood community in Southern California where he still owns a mansion he bought from Wayne Gretzky. Another home he owns nearby is already on the market. He has had the former Gretzky mansion on the market for as much as $24.95 million but it is currently not for sale pending some ongoing legal action filed by Dykstra about work done to the home. The listing pics are shown in the gallery below.
Dykstra, who just a few short years ago was held up as an example of how to be smart with your money after retiring from professional sports, is now said to be worth less than $50,000. The sudden shift in Dykstra's fortunes is due to a variety of factors including a divorce, the struggling economy and the failure of his "The Players Club" magazine, a magazine meant to offer sound advice to professional athletes. In March 2008, the New Yorker wrote a glowing piece on Dykstra titled "Nails Never Fails" about the former Mets player's magazine and his investing strategies. By December of last year, former employees of the magazine were telling stories of unpaid bills and missed payrolls and the magazine had ceased publication.
Gallery: Lenny Dykstra in Thousand Oaks