Bankruptcy
Clark was driven into bankruptcy in 1992 by his appetite for luxury cars. According to his bankruptcy filing, he owned 18 luxury automobiles, including a $700,000 Ferrari and a Rolls Royce. Clark was trying to pay 17 car notes simultaneously, and whenever he got bored with a car he would get rid of it and just buy another one. He ended up losing his 2.4 million-dollar home and his drag-racing business because of his extravagant spending habits. Despite one of the most publicized bankruptcies in baseball, Clark reportedly got back on his feet in the late 1990s.
Read more about this topic: Jack Clark (baseball)
Famous quotes containing the word bankruptcy:
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