It’s been well documented how Cecil Fielder completely blew tens of millions of dollars after retiring from baseball, and now his (estranged) son is picking up the money mismanagement mantle slack to keep us all entertained.
The DETROIT NEWS reports today that Prince Fielder “owes $409,149 in federal income taxes.“ More:
The IRS filed a $409,149 lien against Prince on Oct. 6, 2005, for unpaid income taxes. According to the lien, which you can see here, Prince owes the money from 2003, the year after he signed his first contract and received the $2.4 million signing bonus.
Former Detroit Tigers slugger and rare threat to stretch a double into a triple Cecil Fielder will become a minor league manager in a city known for gambling, the PRESS OF ATLANTIC CITY reports.
As you may recall, Fielder — the father of equally-paunch Brewers first baseman Prince Fielder – lost over $500,000 in a two-day span at the Trump Plaza in Atlantic City, but at a press conference naming him the manager of the Atlantic City Surf, Fielder staunchly admits no gambling problem whatsoever. Read more…
The Negro Leagues Baseball Muesum’s Legacy Awards were recently announced, and Alex Rodriguez has once again been most-honored.
The KANSAS CITY STAR reports “this year Rodriguez is the winner of a Josh Gibson home run award (his fifth) and an Oscar Charleston MVP award (his fourth). But he’s never been here to personally receive any of those honors.”
And, “A-Rod hasn’t confirmed he’s coming” this year, “But as of Wednesday, neither the Yankee slugger nor his representatives had said he isn’t.”
Milwaukee Brewers slugger Prince Fielder has inherited a lot from dad Cecil - his powerful swing, his large frame, and now, his legal woes.
HOUSTONED crunches the numbers, as a Georgia financial company is suing Prince and also his grandparents in an effort to get back money owed by Cecil.
The problems started in 2000, when Cecil signed some leases with ORIX Financial Services to help finance his trucking company. However, Cecil defaulted on the loans in 2003, and ORIX sued to recover more than $1 million lent to the former Detroit Tiger.
Prince & the grandparents come in the picture because ORIX claims Cecil signed over ownership of his two houses to the relatives. The company says the move was made to hide assets, with the intent to “hinder, delay and/or defraud ORIX.”
It’s not the first time Cecil’s money troubles came to haunt Prince. Once after a minor league game, the younger Fielder was tracked down by a process server and given papers, naming his dad as a defendant in another business-related lawsuit.
It looks like Cecil’s been a royal pain in the butt for Prince.