The spouse of Las Vegas Raiders head coach Antonio Pierce filed for chapter earlier this month after it was found that the previous NFL participant was chargeable for money owed amounting to greater than $28 million, in response to a number of experiences.
The Las Vegas Evaluate-Journal reported Tuesday that Jocelyn Pierce filed the petition in Arizona, the place she is a resident, on June 12 in an effort to “defend her property and people of the marital neighborhood” after a collection of failed investments in automotive dealerships within the early 2010s resulted in collectors looking for to gather judgment from the couple.
Head coach Antonio Pierce of the Las Vegas Raiders attends a information convention throughout necessary minicamp on the Las Vegas Raiders Headquarters/Intermountain Healthcare Efficiency Middle on June 13, 2024 in Henderson, Nevada. (Ethan Miller/Getty Photographs)
“Within the 2010s, Mr. Pierce was satisfied to put money into automotive dealerships,” court docket paperwork obtained by the outlet acknowledged.
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“Regardless of his position as a mere passive investor with no oversight or administration of the companies’ affairs, Mr. Pierce was requested to signal numerous paperwork. Though the Debtor has no direct information of the occasions, private ensures had been later produced bearing Mr. Pierce’s identify. When a number of of the companies defaulted on their loans, the lenders obtained judgments towards the companies and Mr. Pierce as a guarantor.”
Paperwork reviewed by The Athletic went on to state that the 2 lenders, Nissan Motor Acceptance Company and Hyundai Capital America, every maintain a judgment towards Pierce for $23 million and $4.5 million, respectively.
Antonio Pierce and Jocelyn Pierce attend the thirteenth Annual NFL Honors at Resorts World Theatre on February 08, 2024 in Las Vegas, Nevada. (Jeff Kravitz/FilmMagic)
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They reportedly tried to grab Pierce’s wages with the Raiders to fulfill that debt, prompting Jocelyn to file for chapter.
She was granted an extension till July 12 to offer extra paperwork after claiming that she didn’t signal any ensures on the mortgage and was compelled to rapidly file the declare after the lenders tried to gather it.
Tom Telesco and Antonio Pierce (R) attend a information convention introducing Telesco as the overall supervisor and Pierce as the top coach of the Las Vegas Raiders as their households, together with Pierce’s spouse Jocelyn Pierce (L), look on within the entrance row on the Las Vegas Raiders Headquarters/Intermountain Healthcare Efficiency Middle on January 24, 2024 in Henderson, Nevada. (Ethan Miller/Getty Photographs)
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Pierce, 45, joined the Raiders in 2022 because the linebackers coach. The next 12 months, he was named interim head coach after Josh McDaniels was fired. He was formally named head coach in January.
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