"Phillies' Dykstra used steroids, gambled"

[LarryTalbot]

not sure if this was posted, but here's the article:
http://www.cbs.sportsline.com/mlb/story/8415848

 

[one9]

Lenny Dykstra was nails. He played the game the way it was meant to be played.

 

[Fishhead]

No surprise here

 

[THE SHRINK]

He reminded me of Pete Rose, though not nearly as good, and I am not talking about the poster...:smoker2:

 

[Journeyman]

Another thread on Lenny from earlier

http://forum.therx.com/showthread.php?t=274406

 

[Presto]

Former Major League All- Star Lenny Dykstra looks like he is in for a crash landing.

Airplane leasing company Avantair is trying to force him out of his latest lodgings -- offices in their Camarillo, Calif., hangar.

The company, which advertised in his defunct Players Club magazine, managed to have Dykstra's sublease voided because he hadn't paid a penny of rent since signing the agreement in September 2008.

But a new filing by Avantair claims that the bankrupt Dykstra "proceeded to move in additional personal belongings and other items to the office premises."

The lawsuit claims that Dykstra told Avantair's attorneys that the sheriff would have to drag him out.

Last year, a bankruptcy judge barred Dykstra from the posh estate in Thousand Oaks, Calif. that he bought from hockey great Wayne Gretzky for $18 million.

When Dykstra moved The Players Club into Avantair's offices back in 2008, his empire had already began to unravel. The lifestyle and investment title -- aimed at pro athletes -- had pulled out of New York City months before, leaving behind a string of unpaid bills from printers, publishers, landlords, editors and others.

He was eventually forced to hock some of his possessions, including a 1986 World Series ring, and last July filed for bankruptcy, with debts estimated around $50 million.

The bankruptcy judge later barred Dykstra from the mansion, in part because of allegations that he was trying to pull out expensive furnishings -- even fixtures like the kitchen sink.

A hearing on the office space is set for Jan. 27.

Dykstra could not be reached for comment.

 

[5teamparlay]

Dykstra, 42, retired in 1996 after a 12-year career with the Phillies and New York Mets.

these ##'s don;t add up do they... been retired 13 years played 12 and is 42 :think2:

 

[5teamparlay]

SO THE ARTICLE WAS FROM 2005 GREAT...
http://www.nypost.com/p/news/business/dykstra_bunker_play_o905IU07TbLWPMg9s2PwUL




Updated: Fri., Jan. 15, 2010, 7:16 AM

Dykstra's bunker play
By KEITH J. KELLY
Last Updated: 7:16 AM, January 15, 2010
Posted: 12:47 AM, January 15, 2010
Former Major League All- Star Lenny Dykstra looks like he is in for a crash landing.
Airplane leasing company Avantair is trying to force him out of his latest lodgings -- offices in their Camarillo, Calif., hangar.
The company, which advertised in his defunct Players Club magazine, managed to have Dykstra's sublease voided because he hadn't paid a penny of rent since signing the agreement in September 2008.
But a new filing by Avantair claims that the bankrupt Dykstra "proceeded to move in additional personal belongings and other items to the office premises."
The lawsuit claims that Dykstra told Avantair's attorneys that the sheriff would have to drag him out.
Last year, a bankruptcy judge barred Dykstra from the posh estate in Thousand Oaks, Calif. that he bought from hockey great Wayne Gretzky for $18 million.
When Dykstra moved The Players Club into Avantair's offices back in 2008, his empire had already began to unravel. The lifestyle and investment title -- aimed at pro athletes -- had pulled out of New York City months before, leaving behind a string of unpaid bills from printers, publishers, landlords, editors and others.
He was eventually forced to hock some of his possessions, including a 1986 World Series ring, and last July filed for bankruptcy, with debts estimated around $50 million.
The bankruptcy judge later barred Dykstra from the mansion, in part because of allegations that he was trying to pull out expensive furnishings -- even fixtures like the kitchen sink.
A hearing on the office space is set for Jan. 27.
Dykstra could not be reached for comment.
E&P returns
Editor & Publisher is back in business two weeks after its forced closure.
Duncan MacIntosh, the Irvine, Calif., company that publishes Boating World, Sea Magazine and The Log Newspaper, has taken over the newspaper industry publication, according to E&P's Web site. The site had been dark since Jan. 1.
The 100-year-old publication was left behind when e5 Global Media bought the Hollywood Reporter and other media trade properties from Nielsen Business Media at the end of last year.
After skipping a January print issue due to the shutdown, E&P said it would resume monthly publishing in February and continue to operate the Web site.
Longtime E&P veteran and Editor-at-Large Mark Fitzgerald is the new editor, replacing Greg Mitchell.
RDA mayhem
The Reader's Digest Association is back in court today hoping to get its latest pre-packaged bankruptcy plan approved even as a group of angry retirees is hoping to derail it.
The Reader's Digest Retiree Group objects to the plan to give them only $4 million to divvy up among themselves.
The retirees says they expected to receive more than $100 million after they left RDA.
The group is composed of 300 former senior executives -- including former RDA president Thomas Kenney, who is also involved with RDA's creditors -- as well as long-serving writers, editors, salespeople and middle managers.
Most of the classes of creditors have signed off on the reorganization, and RDA is hoping it can emerge from bankruptcy on Jan. 31.
The faster the company gets out of bankruptcy, the bigger the pot of money CEO Mary Berner and other top executives get to share. It starts at $3.7 million and drops from there.
The bonuses have also been a lightning rod for criticism.
"It's corporate leaders exploiting the situation for their own selfish gain," said one person recently laid off from RDA.
Under the proposal, most of the trade creditors are to receive payment in full while RDA trims its $2.2 billion in bank debt and hands over control of the company to bondholders with a new debt load cut to $550 million.
In a compromise, RDA said it would sweeten the pot outside of the bankruptcy, to give more money to the neediest of the retirees.
The general pension for most current and past employees is fully funded, the company has said.
Private equity firm Ripplewood Holdings, which put up the original $1.6 billion to take the company private in 2007, is completely wiped out by the bankruptcy.
The debtors in possession, led by JPMorganChase, will trade a significant part of the debt for equity in the new firm.
Faulty wiring
The publishing industry needs some barn burner books -- not house burner books.
Time Inc. is recalling nearly one million copies of home improvement books published by its Oxmoor House subsidiary. Bad wiring advice inside the nine different books, including "The Sunset Home Repair Handbook," "Lowe's Com plete Home Improvement and Repair" and "AmeriSpec Home Repair Hand book," could cause electrical fires.
The Birmingham, Ala.-based publisher discovered the error after it was alerted by a reader in mid-December, a spokeswoman said.
keith.kelly@nypost.com

 

[5teamparlay]

http://www.businessinsider.com/lenn...the-sherriff-will-have-to-drag-him-out-2010-1

Lenny Dykstra Is Living In An Office Building And Says The Sheriff Will Have To Drag Him Out

Joe Weisenthal | Jan. 15, 2010, 11:39 AM |

It's come to this.
New York Post:
Former Major League All- Star Lenny Dykstra looks like he is in for a crash landing.
Airplane leasing company Avantair is trying to force him out of his latest lodgings -- offices in their Camarillo, Calif., hangar.
The company, which advertised in his defunct Players Club magazine, managed to have Dykstra's sublease voided because he hadn't paid a penny of rent since signing the agreement in September 2008.
But a new filing by Avantair claims that the bankrupt Dykstra "proceeded to move in additional personal belongings and other items to the office premises."
His lawyer says the sheriff will have to drag him out.

 

[terps1313]

You're kidding me!!!!!!

 

[CoachCB]

Unreal. What a complete idiot. He played in an era where he made millions (keep in mind that in the 80's the league minimum salary was under $100K and in 1987 Mike Schmidt was the first player in MLB history to make more than $2million/season).

I remember reading an article about Lenny being in Paris during the offseason and he asked for the most expensive wine in the restuarant...then ordered like 8 bottles or something crazy. I guess life was good back then....

It's amazing that someone who played as long as he did is in this kind of financial shape. I can see Doc Gooden or Daryl Strawberry being in this position, but not Dykstra.

Easy come....easy go....

---

 

[Presto]

"He was eventually forced to hock some of his possessions, including a 1986 World Series ring, and last July filed for bankruptcy, with debts estimated around $50 million.
The bankruptcy judge later barred Dykstra from the mansion, in part because of allegations that he was trying to pull out expensive furnishings -- even fixtures like the kitchen sink."

You go from having tens of millions of dollars to pawing your world series ring and then resort to stealing a kitchen sink? These are some rough times.

 

[5teamparlay]

http://www.latimes.com/business/realestate/la-fi-dykstra-mansion-20101120,0,451986.story

Lenny Dykstra's lavish Thousand Oaks home is sold at foreclosure auction

Index Investors is the winning bidder for the country club estate, which the former pro baseball player bought in 2007 for $18.5 million.

In 2007, Dykstra bought this Thousand Oaks mansion from hockey legend Wayne Gretzky for $18.5 million. (John K. Adkisson, Los Angeles Times / July 16, 2010)





By Lauren Beale, Los Angeles Times November 20, 2010



Two All-Star Games and two World Series were decided in the time it took former pro baseball player Lenny Dykstra to lose his trophy home in Thousand Oaks to foreclosure.
But it was game over for the onetime star center fielder Wednesday when a bid of $760,712 and change took the Sherwood Country Club estate on the steps of the Ventura County Courthouse. In addition to the amount of the winning bid, buyer Index Investors is on the hook for about $12 million owed to first lender JPMorgan Chase & Co. plus missed payments and taxes.
Dykstra had purchased the 6 1/2-acre compound in 2007 at the peak of the housing bubble from hockey legend Wayne Gretzky for $18.5 million, including some furnishings.
Jeff Smith of Index Investors, a development and private equity firm, dreamed of taking possession of the property in the summer of 2009.
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Dykstra, who played for the New York Mets and the Philadelphia Phillies during his pro career, ran into problems when he tried his hand at being a financial guru and business owner. Smith lent the financially troubled Dykstra about $370,000 in late 2008 for repairs to his Gulfstream II jet. A month later Smith lent "Nails," as the ballplayer is nicknamed, an additional $400,000, public records show.
When Dykstra defaulted on his mortgage payments, Index Investors sought to gain control of the 12,700-square-foot mansion at a foreclosure sale and recoup its money.
"I'm ready to be the proud owner of the property on July 9," Smith told The Times a year and a half ago in an e-mail referencing the gated mansion.
"It's an unbelievably beautiful estate," Smith said. "I'm so excited I haven't been able to sleep."
There would be many more sleepless nights ahead on Smith's journey to pick up the keys, however.
Days later, Dykstra filed for Chapter 11 bankruptcy protection, derailing the scheduled auction. His bankruptcy filing listed assets of $24.6 million and debts of $37.1 million.
Chapter 11 evolved into Chapter 7. A trustee was appointed. Fixtures, flooring and appliances were removed from the main house as Dykstra filed a water damage claim with his insurer.
The trustee put the Richard Landry-designed house back on the market but neglected to turn on the water, and the once-manicured lawns turned brown.
The six-bedroom, eight-bathroom manse, considered by some the crown jewel of the Sherwood development, fell into disrepair. Rodents took up residence.
The property, which Dykstra had listed for sale at $25 million in 2008, was most recently priced at about $10 million.
"I think I can get $14.5 million for it," Smith said.
On the market nearby is a newly built compound owned by tennis great Pete Sampras. The 13,000-square-foot contemporary, which sits on 20 acres with a tennis court and a swimming pool, was listed in March at $25 million.
Crews are already at work at the former Dykstra home, attending to the landscaping, which is overgrown in places. The compound has about $1.5 million worth of hardscaping and landscaping, Smith estimated, including a $250,000 specimen oak.
Smith plans to spend about $150,000 to restore the house and grounds. The work will include repairing the front gate, pool, fountain and some floors and putting in new appliances.
Other features remain intact. "The onyx, the millwork in the ceiling — none of that was destroyed," Smith said.
He'll also make a few aesthetic changes. "The countertops were mustard yellow in the kitchen," he said.
Smith, who spent months in court and $175,000 in attorney's fees, likened the protracted experience of buying the estate to being stuck on the atoll in the sitcom "Gilligan's Island."
"Each week you'd show up and the characters were the same but the plot was different," he said. "The final episode was Wednesday. I'm still in a state of disbelief that I got the property."
lauren.beale@latimes.com

Copyright © 2010, Los Angeles Times

 

[cocktailsnlongshots+]

all of this is just fantastik...i can't get enuff of others hysterics....thanks for the articles..i needed a good laugh..cheers