philadelphia phillies

We learned last week that former NFL star Chris McAlister, a three-time Pro Bowler, is broke and living with his parents after just a year out of the league. But he's hardly the first sports icon to blow through the cash in a flash. In his honor, here are our 10 favorite professional asset-annihilating athletes.

Comcast has a tight grip on Philadelphia sports fans with its SportsNet Philadelphia channel, which has been the exclusive carrier of games from the Phillies, Flyers and 76ers. But now Comcast will have to make the channel available to satellite-TV providers, thanks to FCC-approved terms of its deal for NBC Universal.

After leading an investment team to buy The Philadelphia Inquirer in 2006, Brian P. Tierney invited the widow of its onetime owner, Walter Annenberg, to visit him in her husband's old office. While visiting, Lenore Annenberg noted that Tierney had situated his desk differently from her...

It's gotten to the point where publishers can't make money even from sensational stories. Last year, people snapped up copies of The Philadelphia Inquirer and Daily News in droves to commemorate the Philadelphia Phillies winning the World Series. Readers also flocked to the papers' website for...

Philadelphia Phillies pitcher Scott Eyre is making headlines off the field, claiming he is temporarily destitute because his money is invested with companies controlled by billionaire Robert Allen Stanford. The funds have been frozen because of the federal investigation into Stanford's business...

The downfall of wannabe media tycoon Brian P. Tierney is a sight to see. Two months before his company, which controls Philadelphia's dominant newspapers, filed for Chapter 11 bankruptcy protection, Tierney decided he deserved a 40% raise. At the same time, he asked his unionized workforce to give...