Michael Vick's Sugarloaf mansion, horses and yachts on the block

Posted on November 14, 2008 16:40 by Andy Peters

Want to live in an 8-bedroom mansion at Sugarloaf Country Club, once owned by a superstar NFL quarterback, complete with a movie theater and a 4-car garage? It can be yours for $4.1 million.Vick house

As part of a plan to sell his assets to pay off debts, former Atlanta Falcons quarterback Michael Vick is selling his Sugarloaf mansion. The sale of the Gwinnett County mansion, along with more houses, cars, yachts, sport-fishing boats, horses and more, was part of a reorganization plan filed on Wednesday in federal bankruptcy court by Vick’s lawyers, Crowell & Moring partners Peter R. Ginsberg and Michael Blumenthal.

Vick is serving a 23-month sentence in federal prison in Kansas for bankrolling a dogfighting ring in rural Virginia. He is scheduled to be released July 20. Although Vick remains on the Atlanta Falcons roster, Falcons owner Arthur Blank has said that he expects Vick will return to the NFL, but not with the Falcons.

Among the many disclosures found in the filing made in U.S. Bankruptcy Court for the Eastern District of Virginia:

* In early 2007, before he was indicted, Vick gave his younger brother, former Miami Dolphins wide receiver Marcus Vick, about $450,000 worth of jewelry as a gift. However, the bling, which includes a Breitling watch and diamond stud earrings, may not have been Vick’s to give. It’s unclear whether Vick made payments on the merchandise to Atlanta jeweler Aydin & Co., or whether Aydin gave Vick the jewelry to wear as a promotion for the company.Breitling

“There is an issue as to who owns the jewelry,” the Crowell & Moring lawyers wrote in the court filing.

* With his multimillion-dollar contract with the Atlanta Falcons and endorsement contracts with Nike, Rawlings and others, Vick financially supported his mother and siblings, his son, his son’s mother, his fiancée, Kijafa Frink, and the two children he has had with Frink, a 10-month-old and a 3-month-old. Vick allowed his family to live in homes he purchased and drive his cars while he also paid their living expenses.

* Vick’s family and fiancée drove nicer vehicles than he did. Vick gave his brother, Marcus, a 2007 Land Rover. He gave his mother two Cadillacs, and his fiancée a 2007 Infiniti. But Vick himself drove a 2007 Ford F-150 truck.

* Vick paid Sutherland partner Billy Martin $500,000 for defending him against the federal dogfighting charges. Vick paid Atlanta criminal defense lawyer Daniel R. Meachum $200,000, according to Meachum spokeswoman Monica Wood.

* Vick gave his former personal manager, David Talbot, a 2008 Mercedes and $35,000 in cash as part of his compensation. Vick’s bankruptcy attorneys later learned, however, that Talbot had filed for Chapter 13 bankruptcy protection on three separate occasions, and also had had multiple legal judgments filed against him. Additionally, shortly after Vick filed for bankruptcy protection, New Jersey state officials filed a complaint against Talbot alleging civil securities fraud.

* After he was convicted and sent to federal prison, some of Vick’s memorabilia from his football career was left behind at the Sugarloaf mansion. These items are being held for safekeeping by Vick’s former Falcons teammate Demorrio Williams, now with the Kansas City Chiefs.


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Janet ConleyThe Deal Watch Blog is devoted to bringing you the latest news in business law in Atlanta, the Southeast and the U.S. The lead writer is Daily Report associate editor Janet L. Conley.

Janet L. Conley is an attorney who returned to journalism after practicing law with Akin, Gump, Strauss, Hauer & Feld in Washington and with the Georgia Legal Services Program in Atlanta.

During her tenure at the Daily Report, Janet, now the paper's associate editor, has covered law firm economics and management, business and federal courts. In 2007, she received the Georgia Associated Press Story of the Year award and the Atlanta Press Club’s Journalist of the Year award, both for small circulation newspapers, for "Green to Gold," a series of articles on how climate change will alter business and the law.

Janet has written for The American Lawyer magazine and the National Law Journal, among other publications. She also served as managing editor of GC South magazine.

Janet holds a journalism degree from Southern College and a juris doctor degree from the University of Pennsylvania. She lives in Decatur with her husband Mark Harper, also an attorney, and their three children.

She can be reached at janet.conley@incisivemedia.com.

Andy PetersThe contributing writer is Daily Report staff reporter Andy Peters.

Andy Peters has been a journalist since graduating from Furman University in 1992. A short list of the subjects he’s covered includes the Georgia state Legislature, the U.S. semiconductor industry, the Alabama-Florida-Georgia “water wars” litigation, the 1999 American Airlines pilots strike, Coca-Cola and PepsiCo’s battle to acquire the Gatorade sports-drink brand, indie rock music and high school football. Andy has written for Bloomberg News, the New York Times Web site, the Macon Telegraph, the Spartanburg (S.C.) Herald-Journal and the Atlanta Business Chronicle.

Andy has written the Deal Watch column for the Daily Report since March 2006. He was born in Chattanooga, Tenn. in 1971 and grew up in Ringgold, Ga. He lives in Decatur with his wife and two children.

He can be reached at andy.peters@incisivemedia.com.

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