According to TMZ Sports, An American Football quarter back lost $160k in a worthless and bogus investment
NFL Player Loses N26m, Months After Signing $100m (N16bn) Contract
New Orleans quarterback Drew Brees cancelled out a court case against teammate Kevin Houser for making him lose $160k
Drew Brees who claimed he was advised by New Orleans Saints teammate Kevin Houser to put his money into a defunct movie studio and for that reason, he felt duped and sued his longsnapper mate to court
The duo have been in defence of their claims with Houser saying that he NEVER pushed or compelled Brees into the investment, urging Drew to take the loss as it I part of business and as a man; well that had been on for a year until the pair agreed an out of court settlement
Terms of their settlement is not yet disclosed but suggests that Houser may have agreed to let some money out in compensation for the Brees’ lose
Brees agreed to a Saints 5-year, deal On July 13. The contract has the largest amount of guaranteed money in NFL history; of the contract will be paid the first year.
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