Current:Home > ContactFormer Vikings star Adrian Peterson ordered to turn over assets to pay massive debt -SovereignWealth
Former Vikings star Adrian Peterson ordered to turn over assets to pay massive debt
View
Date:2025-04-15 20:28:30
Former Minnesota Vikings star running back Adrian Peterson earned more than $100 million in his NFL career from 2007 to 2021. But he still is in massive debt estimated at more than $12 million. And now a judge in Houston has issued an order for him to turn over numerous assets to help pay it back.
The same judge on Monday ordered that constables in Fort Bend County, Texas, accompany the court-appointed receiver to Peterson’s home when he shows up to seize the assets, according to the order obtained by USA TODAY Sports.
The receiver, Robert Berleth, requested this order in July and said Peterson is “is known to have numerous assets” stored at his home in Missouri City, Texas.
“The receiver requests constable accompaniment when receiver levies the numerous assets known to be stored at (the property) to keep the peace and prevent interference with the Receiver’s duties,” the receiver said in his request.
On Monday, the judge heard the receiver’s arguments and granted the request.
NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.
“It is, therefore, ordered that a writ of turnover with receiver’s levy be issued and Ft. Bend County constables are to accompany the receiver in execution of his duties,” the order stated.
What is Adrian Peterson’s debt from?
The order is the latest in a long legal battle to get Peterson to pay back a $5.2 million loan he took out from a Pennsylvania lending company in 2016 that was supposed to pay back other lenders, according to court records. That debt since has led to a $8.3 million judgment against him in 2021, plus $15,000 in attorney’s fees with 9% per annum on all amounts, according to the receiver’s court filing. The approximate collection total is $12.5 million, Berleth stated in a February court filing.
“No offsets have been made against this judgment to date,” the receiver stated in the July court filing.
Berleth, the court-appointed receiver, also has accused Peterson of playing a shell game with his assets to avoid payment. In February, a sports memorabilia auction in Texas got caught in the middle of it when it attempted to sell off Peterson’s personal items, including several NFL trophies and jerseys.
A judge halted the sale after Peterson objected and went on social media to say, "I want to emphasize that I'm financially stable and would never sell off my hard-earned trophies." That auction is still apparently on hold.
Berleth gave his version of events in court documents.
"The Receiver intercepted an auction the debtor (Peterson) initiated and seized items at Storage Facilities leased and secured with lock by the Debtor (Peterson)," Berleth said in court documents. "The assets belong to the Debtor. The leases at the Storage Facilities were delinquent. The debtor contested the sale of trophies.”
Why did Peterson take out this loan?
Peterson took out the loan in 2016 and promised to pay it back with interest in March 2017, five months later. According to the agreement, he planned to use most of the money to pay back other loans. But Peterson was coming off a knee injury in 2016, and the Vikings declined to pick up the $18 million option on his contract in early 2017, turning Peterson into a free agent. Peterson’s earnings fell dramatically after that, never exceeding $3.5 million a year. He hasn’t played in the NFL since 2021.
A representative for Peterson didn’t return a message seeking comment.
Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com
veryGood! (9967)
Related
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Beauty TikToker Mikayla Nogueira Marries Cody Hawken
- California Water Regulators Still Haven’t Considered the Growing Body of Research on the Risks of Oil Field Wastewater
- Shop These American-Made Brands This 4th of July Weekend from KitchenAid to Glossier
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Lead Poisonings of Children in Baltimore Are Down, but Lead Contamination Still Poses a Major Threat, a New Report Says
- What if AI could rebuild the middle class?
- Dream Kardashian, Stormi Webster and More Kardashian-Jenner Kids Have a Barbie Girls' Day Out
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- In an Attempt to Wrestle Away Land for Game Hunters, Tanzanian Government Fires on Maasai Farmers, Killing Two
Ranking
- Why members of two of EPA's influential science advisory committees were let go
- Study Identifies Outdoor Air Pollution as the ‘Largest Existential Threat to Human and Planetary Health’
- Two US Electrical Grid Operators Claim That New Rules For Coal Ash Could Make Electricity Supplies Less Reliable
- The U.S. has more banks than anywhere on Earth. That shapes the economy in many ways
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Blast Off With These Secrets About Apollo 13
- He's trying to fix the IRS and has $80 billion to play with. This is his plan
- 2 states launch an investigation of the NFL over gender discrimination and harassment
Recommendation
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Elon Musk says 'I've hired a new CEO' for Twitter
How Is the Jet Stream Connected to Simultaneous Heat Waves Across the Globe?
Study Identifies Outdoor Air Pollution as the ‘Largest Existential Threat to Human and Planetary Health’
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Peloton is recalling nearly 2.2 million bikes due to a seat hazard
An Energy Transition Needs Lots of Power Lines. This 1970s Minnesota Farmers’ Uprising Tried to Block One. What Can it Teach Us?
Cooling Pajamas Under $38 to Ditch Sweaty Summer Nights