Current:Home > MyFormer Vikings star Adrian Peterson ordered to turn over assets to pay massive debt -EquityZone
Former Vikings star Adrian Peterson ordered to turn over assets to pay massive debt
View
Date:2025-04-12 13:55:48
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! (79455)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- How the U.S. Women's National Soccer Team Captured Our Hearts
- How the U.S. Women's National Soccer Team Captured Our Hearts
- Stop High Heel Pain Before It Starts With This Foot Spray
- Buckingham Palace staff under investigation for 'bar brawl'
- Jamie Foxx Shares New Update From Las Vegas 3 Months After Medical Emergency
- Nordstrom Anniversary Sale 2023: The Best Deals on Activewear from Alo, Adidas, Zella, & FP Movement
- An Ohio Strip Mine’s Mineral Rights Are Under Unusual New Ownership
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Here's What Kourtney Kardashian Has Been Eating and Drinking During Her Pregnancy
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- 3 injured in shooting outside Philadelphia bar, police say
- Amy Schumer Honors Women Killed in Trainwreck Movie Theater Shooting on 8th Anniversary
- Why Tom Felton Is Hilariously Pissed Over the Barbie Movie
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- The alarming reason why the heat waves in North America, Europe are so intense
- You Probably Missed This Sighting of Ariana Grande and Ethan Slater Together
- You Will Say Yes Please to These Cute Pics From Adam Levine and Behati Prinsloo's Family Album
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Victoria Beckham Performs a Spice Girls Song With David Beckham and Teases More to Come
Nordstrom Rack's Clear the Rack Sale: Shop an Extra 25% Off on Top Brands Starting as Low as $6
TikToker AJ Clementine Undergoes Vocal Feminization Surgery
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
University of Iowa Football Alum Cody Ince Dead at 23
Come on Barbie, Let’s Go Shopping: Your Guide to the Best Barbie Collabs: Barefoot Dreams, Crocs & More
Disney Singer Lea Salonga Calls Out Fans for Sneaking Backstage to Take Pic