http://sports.aol.com/fanhouse/2007/12/16/vicks-dogfighting-home-doesnt-sell-at-auction-may-turn-into-a/Vick's Dogfighting Home Doesn't Sell At Auction; May Turn Into a B&B
Sportz AssassinPosted Dec 16th 2007 2:04AM by Sportz Assassin
In a move that should shock ... well ... no one, the Virginia estate owned by Michael Vick that was used as a hub for dogfighting failed to sell at an auction. The guy who owns the house may find a new way to make money on the home:
"We've talked about a bed-and-breakfast," he said. "All the bedrooms have their own bathroom, and we could incorporate the kennels in the back: Bring your pet."Oh yeah, he did say that. More on this 'he' character later. What could be the possible deal breakers on this?
* Dogfighting
* Location
* An Atlanta Falcons flag waving in the cold wind
* Not enough yard for the kids to play outside
* SPCA sitting outside the property selling hot dogs and stumping for donations
* Lack of adequate parking
* Recent looting and burglery
* Four outbuilding filled with dog cages
* Metal poles still standing that were used to restrain pit bulls
* That Bad Newz Kennels smell
* The current state of the real estate market
In all seriousness, what the hell? Why would they think that anyone would buy the house for anything near its worth? Even the morbid folks who like to purchase those 'crime scene houses' don't find it to be a good idea to buy a house that will always be linked to a dogfighting ring. Who was the guy who tried to do this?
Facing financial ruin, Vick sold the property to Todd for the bargain price of $450,000. The disgraced NFL star has lost millions in endorsement deals and will lose the final $71 million of his Falcons contract. He also might have to repay the team nearly $20 million, and he's being sued by three banks for allegedly defaulting on nearly $6 million in loans.
Todd spent about $50,000 sprucing up the place, which had been trashed by burglars and looters. People arriving for the auction noticed the most recent addition: a front-yard flag pole, with a Falcons flag rippling in the cold wind.Todd even opened the auction by proclaiming "this is the famous Michael Vick house!" There was only one bidder on the house: a guy who offered over $700K for the home but wanted to remain anonymous. After a private discussion, there was no deal.