Since I don’t have much nice to say about Jim Donnan, I try not to say much at all, but, as has been noted in recent fanshots here at Dawg Sports, Coach Donnan recently filed for bankruptcy.
When the story first broke, it struck me as odd. After all, the Georgia Bulldogs paid Jim Donnan a significant amount of money not to coach the Red and Black, and he subsequently has been gainfully employed as a television and radio college football commentator. Besides, Ray Goff managed to invest his severance money wisely enough to do well in his involuntarily retirement, so shouldn’t Coach Donnan have been capable of doing the same?
As strange as the story seemed from the outset, it has only gotten more bizarre since:
Jim Donnan's name was attached to an accusation of Ponzi scheme involvement in an extensive ESPN report.
We didn't make note at the time of reports of Donnan's family having declared bankruptcy, but it looks like we should have. Both stories have revolved around West Virginia company GLC Limited, which went under after being outed.
The College Football Hall of Fame coach's family is being sued over a decision by Donnan and his wife to transfer assets to their children.
Read the full article at Dawg Sports
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