Bank to Stephon Marbury: Give us back out $16 million

Stephon Marbury

((ht: deadspin))

Sometimes its not so good to be former NBA start Stephon Marbury. Particularly when you have apparently been struggling to find work in China.

According to GQ magazine, his business, the Starbury Corp., a real estate business had to be liquidated to help cover issues in China.

Well, come to find out by doing that, our hero defaulted to at least one fairly large creditor: Wells Fargo/Wachovia Bank.

To the tune of $16 million.

Read more from Deadspin RIGHT HERE

If Marbury liquidated $75 million, then he probably can afford to pay this back. But is absolutely amazing to us that he was able to own a real estate company worth that much money. Sure, he made more than enough...in theory over his NBA career to pay that back...but how many NBA million-gazillionaires actually have that much money sitting around to pay off debts like that?

Here's Steph, the businessman on FoxBuisness Channel back in March:

Grecian Starbury...???

It appears the Greek club Olympiakos is looking to the colonies again to fill the void left by the injury to import Josh Childress... and it could be...

Stephon Marbury...???

Yes, before you finish your spit take, apparently the highers-up on the club have contacted New York Knicks President Donnie Walsh and asked what it would take to get Steph ((pictured, thanks/New York daily News)) out of his deal. Childress returned to the states to seek treatment for a sports hernia and is out 6 to 8 weeks.

The four-letter's Chris Sheridan writes the Greek club is looking to fill the roster vacancy in time for the Super 16 phase of Euroleague play which goes from late January to mid-March. Marbury's people know of the team's interest, but haven't pursued the discussions as of yet.

The Knicks are paying the oft-troubled point guard a little over US$20-million to do nothing at the moment. Steph has offered to pay the Knickerbockers one million to let him go somewhere he thinks he's needed ((like Boston, for example)).

Walsh actually thinks that Marbury has some trade value left in his moody sneaks...
Good luck with that one there, dude...