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SBD/Issue 108/Sports & Society
Several MLB Players Have Money Tied Up With Stanford Financial
Published February 23, 2009
|Nady (l) And Damon (r) Say Their
Finances Are Frozen Due To SFG
HIT BY THE PITCH: Orioles minor-league C Matt Wieters and P Jake Arrieta, also Boras clients, confirmed that they "have assets that might be affected" by SFG's troubles (Baltimore SUN, 2/22). Red Sox CF Jacoby Ellsbury said that he has a credit card associated with SFG that is "currently unusable." Ellsbury: "It just froze, everything just froze" (BOSTON GLOBE, 2/22). Mets P Mike Pelfrey said that 99% of his money is "tied up with" SFG. Pelfrey, whose money was invested by Boras, said that he is "using a 'little side account with Bank of America' just to pay his bills" (N.Y. POST, 2/21).
Peña Says Bulk Of His Assets Have Been
Frozen Due To SEC's Investigation
UNION RAILROAD: In Manchester, Owen Gibson reports the England & Wales Cricket Board (ECB) is "considering legal action" against the Professional Cricketers' Association on the heels of reports ECB CEO David Collier wanted the union to "put pressure on" England cricket players to sign with SFG (Manchester GUARDIAN, 2/23).
UPDATE ON MEMPHIS TOURNEY: SFG is the title sponsor of the PGA Tour’s stop in Memphis, and PGA Tour Commissioner Tim Finchem said, “They’re really not doing any business, so we don’t know where that’s going to end and I can’t speculate on that because I don’t know. I do know that we have a very strong tournament in Memphis. We’re on a great golf course. We’ve got a great presenting sponsor in FedEx. That tournament is going to be played this year the week before the U.S. Open … and we’ll have to see what happens with Stanford in due course” ("PTI," ESPN, 2/20).