From Glory to Gridiron Gloom: How These NFL Legends Lost Their Shine
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By Angeline Smith
John Elway
The two-time Super Bowl champion and Broncos’ Hall of Famer John Elway harvested heavily on the pitch, not so much outside it. He made a poor investment decision in 2010, falling for the allure of a Ponzi scheme. Together with his car business partner, the nine-time Pro Bowler lost a $15 million investment in a Sean Mueller-run “hedge fund.”
Luck wasn’t on this Super Bowl MVP’s side in 2016 when he missed out on a lucrative deal that offered him a 10% stake in the Denver Broncos. He needed to spend about $15 million, forgoing his $21 million salary, to seal the deal that was estimated at $388 million.
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