The spouse of Las Vegas Raiders head coach Antonio Pierce filed for chapter earlier this month after it was found that the previous NFL participant was chargeable for money owed amounting to greater than $28 million, in line with a number of stories.
The Las Vegas Overview-Journal reported Tuesday that Jocelyn Pierce filed the petition in Arizona, the place she is a resident, on June 12 as a way to “defend her belongings and people of the marital group” after a sequence of failed investments in automobile dealerships within the early 2010s resulted in collectors searching for to gather judgment from the couple.
Head coach Antonio Pierce of the Las Vegas Raiders attends a information convention throughout obligatory minicamp on the Las Vegas Raiders Headquarters/Intermountain Healthcare Efficiency Heart on June 13, 2024 in Henderson, Nevada. (Ethan Miller/Getty Pictures)
“Within the 2010s, Mr. Pierce was satisfied to spend money on automobile dealerships,” court docket paperwork obtained by the outlet said.
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“Regardless of his position as a mere passive investor with no oversight or administration of the companies’ affairs, Mr. Pierce was requested to signal varied paperwork. Though the Debtor has no direct data of the occasions, private ensures had been later produced bearing Mr. Pierce’s identify. When a number of of the companies defaulted on their loans, the lenders obtained judgments in opposition to the companies and Mr. Pierce as a guarantor.”
Paperwork reviewed by The Athletic went on to state that the 2 lenders, Nissan Motor Acceptance Company and Hyundai Capital America, every maintain a judgment in opposition to Pierce for $23 million and $4.5 million, respectively.
Antonio Pierce and Jocelyn Pierce attend the thirteenth Annual NFL Honors at Resorts World Theatre on February 08, 2024 in Las Vegas, Nevada. (Jeff Kravitz/FilmMagic)
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They reportedly tried to grab Pierce’s wages with the Raiders to fulfill that debt, prompting Jocelyn to file for chapter.
She was granted an extension till July 12 to supply further paperwork after claiming that she didn’t signal any ensures on the mortgage and was pressured to shortly file the declare after the lenders tried to gather it.
Tom Telesco and Antonio Pierce (R) attend a information convention introducing Telesco as the overall supervisor and Pierce as the top coach of the Las Vegas Raiders as their households, together with Pierce’s spouse Jocelyn Pierce (L), look on within the entrance row on the Las Vegas Raiders Headquarters/Intermountain Healthcare Efficiency Heart on January 24, 2024 in Henderson, Nevada. (Ethan Miller/Getty Pictures)
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Pierce, 45, joined the Raiders in 2022 because the linebackers coach. The next yr, he was named interim head coach after Josh McDaniels was fired. He was formally named head coach in January.
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