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Financial Troubles Continue For Fedorov

from George Malik of Mlive,

Former Red Wings forward Sergei Fedorov is owed $43 million by his former business partner, Joseph Zada, but as Zada either can not or will not repay Fedorov, the former Wing sued the Hyman Lippitt law firm—which represented both Zada and Fedorov at one point—in an attempt to actually receive the $60 million pay-off Zada had originally promised to pay Fedorov to settle their differences.

Subsequently, Fedorov’s lack of finances yielded three bank foreclosures on two homes in Metro Detroit and one in Florida, and, according to LifeSports.ru, Fedorov received worse news today—and it’s news that means that the nearly 41-year-old Fedorov, who played this past season for Metallurg Magnitogorsk, might have to continue his playing career to simply keep paying the bills:

continued

Filed in: Non-NHL Hockey, | KK Hockey | Permalink
  Tags: sergei+fedorov

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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