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

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million judgment from the latest ofhis troubles. Kosar, of and related companies also lost foreclosure judgments on multifamily properties in theTampas area, and face a pendingg foreclosure lawsuit against a His Bernie Kosar’s Steakhouse was evicted from its Southy Miami space in November. Many Sout h Florida and Cleveland sports fans remembe Kosar for his stellar success onthe field. He led UM to its firstf football national championshipin 1984, then played 12 seasonas in the NFL, mostly with the . Kosar, now 45, played his final season with thein 1996.
The UM trusteer is a minority owner of boththe NHL’z and the , an team that sat out the past seasonm along with the rest of the The (Cleveland) Plain Dealer reported that the Gladiatorss lost $2 million to $2.5 millionj in the inaugural 2008 season, during whicb Kosar was team presiden t and guided the team to the semi-finals. the Panthers have discusseds merging the team with a New York Street & Smith’s SportsBusinesa Journal has reported. It appear s Kosar could use some moneyu to paymounting judgments. In April, National City Bank won a $4.2 millio n judgment against Kosar andBJK LLC.
It was based on the remainingy delinquent amount of a promissor y note that was increasedto $12 millionh in 2005, with Kosar as a personalp guarantor. The lawsuit does not say what BJK and Kosat used themoney for, but it said he defaulted on the note in June 2008. Kosar’e attorney, David Lister of Weston, did not retur n repeated callsseeking comment. West Palm Beach-based attorneh Michael T. Kranz, who represents National City Bank, also did not returhn several calls. Kosar’s attempt at running some multifamilty propertieson Florida’s Gulf Coasrt did not work out too either. Kosar and his Boardwalk LLC on May 11 losta $2.
9 milliobn foreclosure judgment to Florida Bank in Pinellaes County Circuit Court. The 36-unirt building was scheduled for public sale onJune 16. In Kosar and his Oakmont LLC losta $3.3 million foreclosure judgment to Florida Bank in Hillsborougg County Circuit County over a Tampa apartment The bank has another foreclosurd lawsuit pending in Pinellas Countgy against Kosar and his PCV LLC. Kosatr also faces significant tax problems, including $59,881 in unpaids property taxes on his Weston home and acombineds $93,647 in federal tax liens against him over his personal incomr taxes, including some years filede jointly with ex-wife Babette However, Kosar did fully pay a separate $228,806 federal tax lien placed on him in July 2008.
When The Plai n Dealer questioned Kosar about those previously unpaidf taxesin August, Kosar said some bill s were lost in the shuffle during his “Divorce is difficult enough as it is, especiallyg for someone who wasn’t reallyh looking to do that,” he told the paper. “So, who owes what and all of thatbecomeas hard, but whatever I owe, obviously I woulf pay.” Kosar’s home, at 2940 Paddock is currently listed online for sale for $3.5 million. It was purchasec for almost the same amountin 2006.