Report: Michael Vick facing a hefty lawsuit over unpaid loans from 2018

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Michael Vick's turnaround is one of the greatest stories of the past 20-30 years in sports. He was able to get a second chance in the NFL in Philly and his post-football career has been fruitful. He's found work on TV as well as recently joining the athlete management firm Levels Sports Group as the head of its athletic development.

However, according to the Miami Herald, the former Pro Bowl QB is facing a lawsuit from a group of creditors in a Broward County, Fla., circuit court over unpaid loans that date back to 2018.

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The suit claims that the group is going after Vick and his wife for loans totaling the amount of $1.2 million that they received from Atlantic Solutions in Bethesda, Maryland. Vick was supposed to use the money from the sale of his former home, as well as funds from his retirement and pension accounts with the NFL to pay back the money but has yet to do so.

The group's lawyers have reportedly issued subpoenas for Vick and his family, seeking to reclaim their money by seizing valuable assets, including cars, jewelry, and memorabilia. The only thing that isn't allowed to be touched is his new house in Broward County's Southwest Ranches due to Florida's law protecting residents from having their homes seized.

Vick's lawyer claims that the number stated in the lawsuit is inflated.

"Michael Vick takes these matters seriously and is aware of the proceedings and will be sure that all parties who are entitled to receive payment will be paid,” Arthur Jones said in a statement. “However, usurious calculations which produce absurd results should not be countenanced by the courts of Florida. Therefore, all appropriate defenses will certainly be utilized. Further comment on any shenanigans which lead to situations like this may be made available at a later date.”

This is not the first time Vick has had financial troubles. He had also taken out with the same company for $400,000 in loans. Unable to pay it back, it led to a $1.9 million judgment, which he also didn't pay. There are also claims of lawsuits from our very own WFAN after Vick breached a contract to regularly appear on their airwaves.

Despite Vick missing two seasons after serving a 23-month prison sentence over dogfighting he still received over $115 million in career earnings at the time of his retirement, according to Spotrac.

Vick played 13 years in the NFL, most notably with the Falcons and Eagles. He played one season each for the New York Jets and Pittsburgh Steelers towards the end of his career.

Follow Jasper Jones on Twitter: @jonesj2342

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