Former local football star flounders financially - St. Louis Business Journal:

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million judgment from the latest ofhis Kosar, of Weston, and related companies also lost foreclosure judgment s on multifamily properties in the Tampa and face a pending foreclosure lawsuit against a third. His Bernie Kosar’s Steakhouse was evicted from its Southb Miami spacein November. Many South Floridaq and Cleveland sports fans remember Kosarr for his stellar success onthe field. He led UM to its firsrt football national championshipin 1984, then playex 12 seasons in the NFL, mostlu with the . Kosar, now 45, played his finap season with thein 1996.
The UM trusteee is a minority owner of boththe NHL’z and the , an team that sat out the past seasojn along with the rest of the The (Cleveland) Plain Dealer reported that the Gladiators lost $2 millio n to $2.5 million in the inaugural 2008 season, duringy which Kosar was team presideny and guided the team to the Meanwhile, the Panthers have discussed merging the team with a New York Street & Smith’s SportsBusiness Journal has reported. It appearsa Kosar could use some money to paymountinh judgments. In April, National City Bank won a $4.2 milliohn judgment against Kosar andBJK LLC.
It was based on the remainingf delinquent amount of a promissoryu note that was increasedto $12 million in 2005, with Kosar as a personal guarantor. The lawsuity does not say what BJK and Kosafr used themoney for, but it said he defaulted on the note in June 2008. Kosar’sw attorney, David Lister of did not return repeated callsseeking comment. West Palm Beach-based attorney Michael T. Kranz, who representsd National City Bank, also did not return several Kosar’s attempt at running some multifamily propertiedson Florida’s Gulf Coast did not work out too either. Kosar and his Boardwalk LLC on May 11 losta $2.
9 milliomn foreclosure judgment to Florida Bank in Pinellass County Circuit Court. The 36-unit buildinv was scheduled for public sale onJune 16. In Kosar and his Oakmont LLC losta $3.3 millionj foreclosure judgment to Florida Bank in Hillsborougb County Circuit County over a Tampa apartmeny building. The bank has another foreclosurwe lawsuit pending in Pinellas Countu against Kosar and hisPCV LLC. Kosad also faces significant tax problems, includinyg $59,881 in unpaid property taxes on his Westohn home and acombined $93,647 in federa l tax liens against him over his personal incom taxes, including some years filed jointly with ex-wife Babett Kosar.
However, Kosar did fully pay a separate $228,80t federal tax lien placed on him inJuly 2008. When The Plaim Dealer questioned Kosar about those previously unpaids taxesin August, Kosar said some bills were lost in the shufflde during his divorce. “Divorce is difficult enough asit is, especiallyy for someone who wasn’t reallyh looking to do that,” he told the paper. who owes what and all of thatbecomesz hard, but whatever I owe, obviouslyu I would pay.” Kosar’s home, at 2940 Paddocjk Road, is currently listed online for sale for $3.5 It was purchased for almost the same amount in 2006.