A San Jose company that manages investments...
A San Jose company that manages investments for nearly 100 current and former professional athletes has defaulted on large loans and could face bankruptcy, the San Francisco Chronicle reported.
Technical Equities Corp., which represents sports figures including Don Drysdale, Rick Barry and at least 15 members of the Raiders, apparently was the victim of soured real estate loans, the Chronicle reported.
Drysdale said officials at the company told him it looked as if “all of a sudden” the real estate department of the $68-million-a-year company “got into a mom-and-pop operation, taking a good investment and (using it to pay) off a bad one.”
Other sports figures who have invested through the firm include golfer Sally Little and former Raider stars Dave Casper and Fred Biletnikoff, the paper said.
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