A state district judge Friday extended through Dec. 6 an order prohibiting former NFL and University of Texas quarterback Vince Young from wasting or dissipating assets but delayed a decision on a request to seize Young’s assets to repay a $1.8 million loan. Judge Sylvia Matthews’ order allows Young to spend up to $25,000 on household expenses, including child support, but keeps in effect limits requested by Pro Player Funding, which has a judgment against Young in New York over an unpaid loan dating from the 2011 NFL lockout. Pro Player Funding asked Matthews to appoint a receiver to begin collecting assets from Young to pay the judgment. That motion remains unresolved after attorneys agreed to keep the temporary restraining order that limits Young’s spending in place through next month. “I had hoped for more, but I’m pleased (Pro Player Funding attorneys) didn’t get what they wanted,” said Young’s attorney, Trey Dolezal of Austin. New developments Young, 30, has sued his former financial adviser, Ronnie Peoples, and former agent, Major Adams, claiming they conspired to defraud him and that he did not seek the Pro Player Funding loan or receive the money. The trial is set for Dec. 2 in that case, from which Pro Player Funding has been dropped as a defendant. Dolezal said he has new evidence from a deposition in which Peoples acknowledged about a million dollars of the money obtained through the Pro Player Funding loan flowed into his bank account. “This is evidence we’ve been trying to get,” Dolezal said. “Things can change drastically very soon.” But Sugar Land attorney David Chaumette, who represents Peoples, said Peoples did not defraud Young and that the money in question was partial repayment of money advanced to Young, Adams and to Young’s uncle, Keith Young. “Ron Peoples was acting completely under the direction of Keith Young and Vince Young,” Chaumette said. “He advanced money and repaid himself (with the loan proceeds). There was significant money forwarded to Adams and Keith Young and Vince Young, and (Peoples) took the money back.” In seeking a restraining order to limit Young’s spending, attorneys for Pro Player Funding cited bank withdrawals of about $100,000 over a four-month period and American Express bills ranging from $25,000 to $70,000 as evidence that Young could be hiding or transferring assets.
Judge delays decision on seizing Vince Young’s assets
Houston Chronicle | Nov 9