From $100 Million to $12 Million In Debt: Shannon Sharpe and Chad Johnson Blast Adrian Peterson’s Financial Disaster

Shannon Sharpe and Chad “Ochocinco” Johnson recently discussed Adrian Peterson’s financial fumble — from earning more than $100 million as an NFL running back to facing more than $12 million in debt.& Photo via Instagram, @adrianpeterson How and Why Peterson Had a Mega Debt The “Nightcap” hosts took to the Sept. 15 episode of their podcast to examine Peterson’s struggle to manage his wealth after retirement, a challenge many athletes face, after a judge ruled last month that the seven-time Pro Bowl player must turn over assets to help satisfy a debt. As former star players, they were particularly struck by Peterson’s overspending, recognizing how it undermined his financial success following his impressive NFL career with the Minnesota Vikings. One particularly egregious example highlighted in the podcast was Peterson’s decision to take out a loan for an exotic-themed birthday celebration, flying in 300 guests first class while showcasing tigers and camels.& “Who takes out a loan to throw themselves a birthday party, unless you’re trying to impress the partygoers?” Sharpe said. The hosts also discussed Peterson’s potential bankruptcy, with Sharpe pointing out that his credit is likely ruined, leaving him unable to offer collateral due to his financial struggles. Sharpe...