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Matt Light Affected By Real Estate Co. Meltdown...

Discussion in 'PatsFans.com - Patriots Fan Forum' started by BigMike, Jun 21, 2008.

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  1. BigMike

    BigMike PatsFans.com Supporter PatsFans.com Supporter

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    From Boston Business Journal:

    http://boston.bizjournals.com/boston/stories/2008/06/23/story1.html?b=1214193600^1652602

    ....Apparently the Light Foundation lent the firm another $69,000 on top of $105,000 he personally put in.
     
    Last edited: Jun 21, 2008
  2. fgssand

    fgssand PatsFans.com Supporter PatsFans.com Supporter

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    #17 Jersey

    Re: Matt Light Out Big Bucks In Real Estate Meltdown...

    I suspect he will be able to absorb a $100,000 hit a heck of a lot easier than most here.....
     
  3. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    Re: Matt Light Out Big Bucks In Real Estate Meltdown...

    Yeah, I laughed when I saw the amount. That might be big bucks to us, but . . .
     
  4. Drewwho

    Drewwho Rotational Player and Threatening Starter's Job

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    Re: Matt Light Out Big Bucks In Real Estate Meltdown...

    I find this story pretty bogus to be honest! Who the hell cares about a millionaire losing 100K?? I meanwhile am trying to figure out to help my parents heat their house this coming winter!

    Spare us this crap!
     
  5. BigMike

    BigMike PatsFans.com Supporter PatsFans.com Supporter

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    Real Estate Co. Meltdown...

    I feel bad for the guy getting taken, its OT for sure, mods feel free to dump this if you want.
     
    Last edited: Jun 21, 2008
  6. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #24 Jersey

    Re: Matt Light Part of Real Estate Co. Meltdown...

    Well ... perhaps Light will have to play an extra year or two now ... :D
     
  7. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Re: Matt Light Out Big Bucks In Real Estate Meltdown...

    Switch to decaf. :D
     
  8. WhiskeyBreath

    WhiskeyBreath 2nd Team Getting Their First Start

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    No biggie. Pretty much only lost a wild weekend in Vegas.
     
  9. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    Was he wearing a wire when he loaned 'em the money?
     
  10. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    By the way, A Paul, been meaning to tell you, love the sig. Yeats rocks.
     
  11. ALP

    ALP Veteran Starter w/Big Long Term Deal

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    ha, at first i thought light gave em 8 mil....if it was only 170k, i doubt hell lose too much sleep over it
     
  12. Wildo7

    Wildo7 Totally Full of It

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    No wonder he's doing Casual Male XL comercials
     
  13. castlelong1

    castlelong1 Banned

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    ESPN: Patriot involved in Bankruptcy of California Real Estate company

    After that head line five paragraphs are on how much that company Mat Light destroyed helped the community.
     
  14. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Not to hijack the thread, but thanks. Yes, it's one of my favorite poems, and geo-politically it seems appropriate as well.

    Not to mention the pure comedy of a Yeats poem and a Simpsons quote in the same sig...:D
     
  15. BSR

    BSR In the Starting Line-Up

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    It was a real estate investment that didn't work out, big deal. He probably didn't even know he had it as it was made by his money manager. There are probably other investments in his portfolio that nettered him 3x his capital.
     
  16. Relentless649

    Relentless649 On the Roster

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    that wont even phase him with the amount of money that he is making
     
  17. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    yeah, but it doesn't rhyme:confused:

    He couldn't have been that good!:D

    yes, I know who Yeats is/was.;)
     
  18. NormZauchin

    NormZauchin PatsFans.com Supporter PatsFans.com Supporter

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    Light joins the long list of professional athletes who have demonstrated that they are not financial whizs. Fortunately for him, as other posters have pointed out, the money (for him) is small potatoes. I think someone should start a fund that looks at where professional athletes put their money and then shorts those stocks. Call it the Contrarian Jock Fund.
     
  19. Hoodie

    Hoodie Rotational Player and Threatening Starter's Job

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    Isn't the Light Foundation a charitable organization? What's it doing loaning money to a real estate investment firm?
     
  20. Patjew

    Patjew PatsFans.com Supporter PatsFans.com Supporter

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    No Jersey Selected

    Even the whizziest financial whizzes lose money on some deals.
     
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