Former Packer Willie Davis Down $9 Mil from Owning Shares in a Bank
USA Today reports today that former Pack HOF’er Willie Davis has lost a whopping $9 million due to his holding shares for Alliance Bank:
The economic recession has taken a $9 million bite out of Pro Football Hall of Famer-turned-businessman Willie Davis. A few months ago the 73-year-old former defensive end for Vince Lombardi’s Green Bay Packers was the second-largest shareholder in Alliance Bank of Culver City, Calif. But Feb. 6 the failing bank was closed by state and federal regulators. “If they were decorative enough, I would have papered my walls with them,” he says ruefully from his home in Los Angeles. “The possibility of me making any money is pretty much zero. At their peak, my (half a million) shares were trading at $17. You do the math. It was ugly,” says Davis, who never made more than $50,000 a year during his playing days.
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This post has 2 comments
June 2nd, 2010 at 6:47 pm
Hi Willie,
It’s been a long time since we spoke. However, I still remember what a fine person you are.
I am co-author of a children’s book, Sneasy The Greasy Babysits Abigail. There is a wholesome loving (according to Stevie Wonder’s attorney, a former William Morris Agent, and the producer of one of the most popular talk radio shows, YouTube Video, called: Sneasy. Click on the baby in the top square. I promise you, you’ll be surprised at how sweet it is. I would love to discuss an endorsement by you. I love alone in Manhattan. But I’m not anti social. Please contact me.
Ciao, Michelle
June 2nd, 2010 at 6:48 pm
I meant to write i live alone not love alone. That’s what I get for not proof reading my email.