NFL Legend Dan Marino Out Millions After Digital Domain's Bankruptcy
The great Dan Marino is reportedly out $13.6 million.
I will let that immense number marinate with you, swirling around your collective noggins as you contemplate the enormity of the sum.
The Miami Herald reports the bankruptcy of Digital Domain Media Group Inc. had a tremendous effect on the man who once led the Miami Dolphins at quarterback and now serves as football analyst for The NFL Today on CBS.
The sum is debatable, it seems.
The exact losses to Marino are unclear because the federal bankruptcy court papers filed by Digital Domain do not mention when Marino became a shareholder and how much he paid for the stock.
The report goes on to say his stock in the company was at $14.5 million at one point, but after the bankruptcy, those shares are now worth 55 cents per.
Being that his stock now sits at $867,088, the report puts his losses at just over $13.6 million, which would make even a millionaire a tad woozy.
SportsGrid reports the company has been responsible for visual effects for such blockbusters such as James Cameron's Titanic and Michael Bay's Transformers.
Most recently, the company produced the Tupac hologram that featured at the Coachella music festival in April. The sight of which went viral and saw the company's stock skyrocket to $9.20 a share.
Unfortunately, an immense amount can change in just a few months. An NBC Miami report issues the fall of the company has been swift, as the company went public just 10 months ago and was hiring more personnel as recently as a week ago.
Quick and painful, this qualifies as quite the financial punch to the gut.
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