Oakland Raiders: Legendary QB Ken Stabler in Tax Trouble
– Jul 7, 2012
Oakland Raiders’ renowned quarterback Kenny Stabler has fallen on hard times since leading the team to a Super Bowl XI victory.
After three DUI arrests, Stabler was forced to quit his broadcasting job in 2009 where he was the radio color commentator for the University of Alabama football team. Stabler attended the college before being drafted by the Raiders in the 1968 NFL Draft.
Now, without a broadcasting job or any major source of income, the 1974 NFL MVP is in major trouble with the IRS, according to Brendan Kirby of Alabama’s Press-Register.
Last week, a federal judge in Mobile, Alabama ruled that the former Raiders’ star owes over $265,000 to the IRS.
Stabler first owes $125,685.76 in unpaid taxes which he has accumulated between 1999 and 2011. In addition to that, the Stabler Co., which the quarterback created to arrange speaking appearances and consulting work, owes $134,166.28 in unpaid taxes as well as a $5,509.76 civil penalty.
Stabler’s attorney Robert Galloway is worried about the former quarterback’s ability to make monthly payments based on his income, which at this point is only appearances at NFL events.
“It had just been sitting on the back burner. It was just kind of cleaning up a loose end. He’s pretty much retired.”
In order to pay the tax debt, Stabler had previously sold all of his properties to help pay the debts. However, his last piece of property only raised $157,000, which was not enough for the IRS.
The legend known as “The Snake” will now move forward after the judge’s most recent ruling. Jail time for the NFL great is unlikely, but Stabler will likely now be spending the rest of his life making appearances and signing autographs to pay off his debts.
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