Razorbacks coach $24.5 million in hole
Posted: September 20, 2012 at 4:25 a.m.
Arkansas Coach John L. Smith has a $24.5 million deficit between his financial liabilities and assets according to documents filed Wednesday in U.S. Bankruptcy Court. Smith filed for Chapter 7 bankruptcy Sept. 6 after it was reported in July he was likely to do so because of financial difficulties resulting from real estate investments in Kentucky — when he was Louisville’s coach in 1998-2002 — that went bad when the recession hit.
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Sports, Pages 24 on 09/20/2012
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