Mark Philippoussis reveals he is broke and may lose his home

timesonline ^ | May 31, 2009 | Sophie Tedmanson

[arbooz]

For years tennis player Mark Philippoussis enjoyed the playboy lifestyle of a top level sports star, from owning a fleet of fast cars and properties strewn around the world, to dating a string of beauties, including Paris Hilton and Anna Kournikova.

But now, after battling a recurring knee injury, the Australian – who has been Wimbledon and US Open runner up - is facing another painful battle: a million-dollar law suit, the possibility he may lose his home and a depressed mental state he describes as “dark” at best.

The 32-year-old has revealed he is badly in debt and looks set to lose the home he shares in south-west Melbourne, Victoria, with his mother Rossana because he has not made mortgage repayments.

[arbooz]

[samtheman]

Sad story. He had no friends or coaches to urge him to invest? Or maybe he just didn’t listen.

[Popman]

Maybe Obama can bail him out

I mean. He’s too big to fail

BTW’ who is he?

[MIchaelTArchangel]

Too bad for this guy that he is an idiot.

[libh8er]

A fool and his money .....

[napscoordinator]

Prayers that he gets his financial life together. Nobody should lose their homes. Change your life and get your act together.

[pnh102]

This type of thing seems to happen to more professional athletes after they retire. Too few of them have any sort of understanding of finances and many don’t realize the money they earn now is going to have to last them the rest of their lives.

[Justaham]

Revealing how he had not been able to work for three years, he said: "Things are tough. Financially tough - oh my God - but more importantly than that, it's been the mental side.
He has more serious problems than money. He needs too take care of himself

[Daffynition]

Well, he did have an incredible serve.

[bgill]

Never heard of him. Thirty-two, can’t pay the bills, and living with his mama. No wonder Paris left him.

[RetSignman]

(is facing another painful battle: a million-dollar law suit)

Being the cynic I am, could it be that he using this story to discourage the lawsuit?

[UCFRoadWarrior]

Correct, P-poussas at one time was the fastest serve in tennis. Too bad he blew his earnings....even the average pro on the tour is making huge $$$

[Larry Lucido]

I’m in accord on two of your three statements. I would qualify the second one just a bit, but I understand what you meant.

[Krankor]

Is there an address where you can send him money to help him out?

[csvset]

It’s like that (US television) show Entourage – I did all that and more.”

In 2007 he even starred in an American reality TV show Age of Love, where he was the celebrity bachelor who was matched up with women in their 20s and 40s.

I've never heard of these shows or him.

If I were 18 and had millions, I'd have wasted it too. It's too bad he didn't have the sense to hire someone who could have provided some advice on how to handle his career and finances.

[Daffynition]

I recall watching him in awe ...guess he had too many other rackets going on.

[krogers58]

Just to jump on the cliche bandwagon:
Money always finds its rightful owner

[count-your-change]

Yeah, send it to me. I’ll pass it on.....I promise...really.

[Gay State Conservative]

Among the many things I thank my Dad for was teaching me that money in the bank is one of the best feelings one can have and that it’s never a bad thing for one to live below his/her means.These are lessons he learned growing up in the 30’s.