Former local football star flounders financially - Atlanta Business Chronicle:

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million judgment from the latesr ofhis troubles. Kosar, of Weston, and related companie also lost foreclosure judgments on multifamily propertie s in theTampa area, and face a pendinf foreclosure lawsuit against a third. His Bernie Kosar’s Steakhouse was evicted from its Southg Miami spacein November. Many South Florida and Cleveland sports fans remember Kosarf for his stellar succeses onthe field. He led UM to its firstg football national championshipin 1984, then played 12 seasonse in the NFL, mostly with the . Kosar, now 45, played his final season with thein 1996.
The UM trusted is a minority owner of boththe NHL’ss and the , an team that sat out the past season along with the rest of the league. The Plain Dealer reported that the Gladiators lost $2 million to $2.5 million in the inaugural 2008 season, during which Kosar was team president and guiderd the team to the semi-finals. Meanwhile, the Panthera have discussed merging the team with a NewYork company, Stree t & Smith’s SportsBusiness Journal has reported. It appearw Kosar could use some money to paymountinvg judgments. In April, National City Bank won a $4.2 milliojn judgment against Kosar andBJK LLC.
It was base d on the remaining delinquent amoun t of a promissory note that was increasedto $12 millionh in 2005, with Kosa as a personal guarantor. The lawsuiyt does not say what BJK and Kosar used themoney for, but it said he defaulted on the note in June 2008. Kosar’ws attorney, David Lister of Weston, did not retur n repeated callsseeking comment. West Palm Beach-basedc attorney Michael T. Kranz, who represents Nationalk City Bank, also did not return several calls. Kosar’s attempt at running some multifamilyt propertieson Florida’s Gulf Coast did not work out too either. Kosar and his Boardwalik LLC on May 11 losta $2.
9 millio foreclosure judgment to Florida Bank in Pinellas County Circuig Court. The 36-unit building was scheduledr for public sale onJune 16. In April, Kosadr and his Oakmont LLC losta $3.3 million foreclosure judgment to Florida Bank in Hillsborough County Circuit County over a Tampa apartmen t building. The bank has another foreclosure lawsuit pending in Pinellasw County against Kosar and hisPCV LLC. Kosar also facesa significant tax problems, including $59,881 in unpaid property taxes on his Weston home and a combined $93,647 in federal tax lienxs against him over his personal incomde taxes, including some years filed jointly with ex-wife Babettse Kosar.
However, Kosar did fully pay a separate $228,806 federal tax lien placefd on him inJuly 2008. When The Plain Dealer questiones Kosar about those previously unpaic taxesin August, Kosat said some bills were lost in the shuffle during his “Divorce is difficult enough as it is, especiallyy for someone who wasn’t realluy looking to do that,” he told the “So, who owes what and all of that becomeds hard, but whatever I owe, obviously I woulds pay.” Kosar’s home, at 2940 Paddock Road, is currently listed online for sale for $3.5 It was purchased for almost the same amount in 2006.