Houston judge orders NFL MVP Adrian Peterson to turn over assets to pay $12M debt – thesportstak

Houston judge orders NFL MVP Adrian Peterson to turn over assets to pay M debt – thesportstak

September 10, 2024

Houston judge has requested previous NFL MVP Adrian Peterson to surrender assets to address $12 million in the debt. Peterson borrowed the money in March 2017 to pay off other debts

SportsTak

Wed – 11 Sep 2024

Houston judge orders NFL MVP Adrian Peterson to turn over assets to pay $12M debt

Photo Caption: Adrian Peterson in frame (Getty)

Story Highlights:

  • Houston judge has requested previous NFL MVP Adrian Peterson to surrender assets.

  • Peterson borrowed the money in March 2017 to pay off other debts.

A Houston judge has requested previous NFL MVP Adrian Peterson to surrender assets to address $12 million in the debt, as per numerous reports. Per a court request obtained by USA Today and Field Level Media, the appointed authority has requested constables to go with obligation gatherer Robert Berleth to Peterson’s Missouri City, Texas, home as Berleth holds onto Peterson’s resources. Houston’s Missouri City is a suburb. In July, Berleth requested an escort from the court.

 

“The receiver requests constable accompaniment when the receiver levies the numerous assets known to be stored at (the property) to keep the peace and prevent interference with the receiver’s duties,” Berleth’s request reads, per the reports.

 

Peterson “is known to have numerous assets” at his home, according to the request. The judge granted Berleth’s request on Monday.

 

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According to USA Today, the debt stems from a loan of $5.2 million that Peterson obtained in 2016 from Pennsylvania lender DeAngelo Vehicle Sales LLC, where “vehicle” refers to financial instruments rather than automobiles. Peterson was in his last season with the Minnesota Vikings when he took out the credit. According to reports, Peterson borrowed the money in March 2017 to pay off other debts and agreed to repay it with interest.

 

Peterson was eligible at the time for the Vikings’ 2017 $18 million team option. The Vikings declined the choice, making Peterson a free specialist. He then marked a two-year, $7 million agreement with the New Orleans Holy people. Per the court recording, the obligation stays extraordinary and has heightened. In 2021, it resulted in a judgment against Peterson of $8.3 million, and fees and interest have continued to rise to approximately $12.5 million.

 

“No offsets have been made against this judgment to date,” Berleth stated in a July court filing.

 

“This is yet another situation of an athlete trusting the wrong people and being taken advantage of by those he trusted,” Peterson’s attorney Chase Carlson issued a statement addressing the debt in 2019.

 

Peterson and his representatives have not discussed the Monday verdict in public. This isn’t Peterson’s most memorable issue with obligation. In 2019, he was ordered to repay a separate loan of $2.4 million, which he owned. Peterson played 15 NFL seasons from 2007-21 in what projects as a specific Corridor of Popularity vocation. He won the rushing title three times, was an All-Pro seven times, and was a Pro Bowler seven times. He was named MVP and Hostile Player of the Year in 2012. Per Spotrac, Peterson acquired more than $103 million in compensation throughout the span of his profession.

 

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