Ronnie Peoples, a former financial advisor for former NFL quarterback Vince Young, said Young took out a seven-figure loan during the 2011 lockout in part because Young wanted to throw a $300,000 birthday party for himself.
Peoples made the statement during a deposition for a case in which Young is challenging a $1.7-million judgment against him by Pro Player Funding LLC, a lender that specializes in lending to pro athletes. Young had borrowed $1.9 million at 20% interest from them in May 2011.
“I think we still would have been OK to go ahead and survive until the next season, but he had a birthday event coming up that he paid 300 and some thousand dollars for,” Peoples testified. “That's what prompted that call.”
Young's attorney, Trey Dolezal, denied the loan was for a party. "I have no idea what he's talking about with the birthday party," Dolezal told the AP, "and neither does Vince."