Former College Football Player Loses Trophy In Bankruptcy Filing
It seems like everywhere I look these days there is a former sports star in trouble. The AP reported on the court-ordered auction of former Nebraska football player Aaron Taylor. The former center and guard's seven championship rings and his Outland trophy brought in $28,500 today. Bids were taken in person and online and the bronze statue sold for $6,800. The auction was forced by the closure of the Huskers-themed Scarlet and Cream Letter Club restaurant and Taylor's bankruptcy. The former college player who went on to be drafted by the Indianapolis Colts started the restaurant in Omaha with other former Nebraska players.The AP reports says that some Nebraska fans donated money to help Taylor try and save some of his memorabilia. Taylor was one of seven Nebraska players who won the Outland Trophy and was awarded All-American honors at two different positions (offensive center and guard).
In his bankruptcy filing earlier this year Taylor said he owed at least $109,543 and had assets worth $5,300 (excluding the value of the rings and trophy). The restaurant owed state and federal taxes including $69,000 owed to the IRS. He had tried to have his memorabilia excluded from the bankruptcy liquidation but under the terms of Chapter 7 he was forced to surrender them.
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