Clayton Bank sues former Vol Albert Haynesworth

In this Oct. 18, 2009, file photo, Washington Redskins defensive tackle Albert Haynesworth sits on the bench during the NFL football game against the Kansas City Chiefs in Landover, Md.

Photo by Nick Wass

In this Oct. 18, 2009, file photo, Washington Redskins defensive tackle Albert Haynesworth sits on the bench during the NFL football game against the Kansas City Chiefs in Landover, Md.

KNOXVILLE - Clayton Bank & Trust has sued Albert Haynesworth, alleging that the Washington Redskins star has failed to make payments on a $2.38 million loan.

The suit was filed last week in Knox County Chancery Court, and alleges that the bank made the commercial loan in June of 2009. The suit alleges that the parties subsequently entered into an extension agreement, but the former University of Tennessee player failed to make payments due in accordance with that agreement.

The suit seeks a judgment of more than $2.4 million, including unpaid interest and late charges.

Read more on Josh Flory's blog, The Property Scope.

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Comments » 59

TommyJack writes:

Hey Albert. Has it ever occurred to you that maybe it's you that's out of step?

DancingOutlaw writes:

That's about as lazy and disrespectful as you can get, isn't it? He just received 21 MILLION DOLLARS in April, and can't make payments on this loan. He has earned over 40 MILLION DOLLARS in the last year. Why does he even need a loan, and why won't he make the payments? He is turning into one of the sorrier alums to come out of the football program, and that's saying something.

VolunteerLifer writes:

"Round and round I go, down and down I go......"

Wasn't it Louie Prima who sang that?

huntined#565710 writes:

in response to VolunteerLifer:

"Round and round I go, down and down I go......"

Wasn't it Louie Prima who sang that?

NO I think it was Tiger Woods

HighlandVol writes:

Stay classy, Albert.

Capt_Winters writes:

(This comment was removed by the site staff.)

bUTchVFL writes:

Way to represent the "T" Albert:(

BigBadVol writes:

Hey fat Albert, you are an embarrassment to our university. Please just go away.

RoadTrip writes:

Hence CDD's character development program. Hopefully it improves the final product of some of these young men. No disrespect to the truly great Vols atheletes that are equally great contributors to society; there are also a bunch that have sullied the reputation of the university and program in the past decade. It needs to be reduced or stopped altogether.

nonewsisgoodnews writes:

The true definition of "new money".

CasualObserver writes:

Looks like Albert has hired the same PR firm as that guy who runs BP.

DaddyVol writes:

Based on what I am reading here, Haynesworth would now qualify for one of the Obama stimulus programs.

bugman (Inactive) writes:

albert is a nice guy. have any of you ever met him?

clvolfan writes:

in response to HighlandVol:

Stay classy, Albert.

He has to "BE" classy to stay classy, and never has been-nothing but a thug. He's messing around with the wrong head coach also.

Biggie writes:

in response to bugman:

albert is a nice guy. have any of you ever met him?

Nope...and I don't think I want to either.

VOLS_SEC_RULES writes:

in response to bugman:

albert is a nice guy. have any of you ever met him?

Have you?

Hounddog writes:

Albert, take lessons from Peyton. Hounddog

bugman (Inactive) writes:

in response to VOLS_SEC_RULES:

Have you?

i have many times. next question?

worldwideturd writes:

in response to bugman:

i have many times. next question?

Nice - irresponsible, selfish, spoiled, ill-tempered, immature.....but nice.

spencer1989#206886 writes:

in response to bugman:

albert is a nice guy. have any of you ever met him?

Don't even get me on my soapbox with this.....I have no interest in meeting him. Watching him grow up in Hartsville, SC and playing ball there....And then at UT is enough for me. His display of his character on and off the field....And how he displays/or presents himself to his hometown is all I need to know what he is like. His actions have spoken volumes over any thing he can ever say. Rather than write a novel on him, I will leave it all at that.

FearTheVols1252 writes:

He'll probably fall back on his standard excuse... 'this isn't what I signed up for', and refuse to pay it.

His fat arse is sinking faster than the Titanic!

Damn baby!

DaddyVol writes:

Maybe he can get his old job back with Cosby.

pdhuff#552644 writes:

in response to bartlett79:

(This comment was removed by the site staff.)

"Beans and rice, rice and beans"....

Probably should cut up his Bentley.

murrayvol writes:

in response to TommyJack:

Hey Albert. Has it ever occurred to you that maybe it's you that's out of step?

Not a chance.

murrayvol writes:

in response to VolunteerLifer:

"Round and round I go, down and down I go......"

Wasn't it Louie Prima who sang that?

You sure it wasn't Amy Winehouse?

AtLeastMyTeamHasPerfectSeasons writes:

Haynesworth was/is/will always be inconsistant as a player. One of the best when "he's on".

But I will say John Henderson was better on that line Albert.

GreeneVol writes:

Call Ricky Williams' shrink...I hope he's the comeback player of the new decade.

jdcdjc writes:

Albert Hanyesworth must be one piece of work. He don't want to play football for lots of money and then don't want to pay abck what he borrowies.

196SVol writes:

in response to DaddyVol:

Based on what I am reading here, Haynesworth would now qualify for one of the Obama stimulus programs.

No, but he would qualify for a "Loan-Zar" position.

burpee_von_rotweiler_IV writes:

Maybe he can work off his debt in one of Clayton's trailer factories.

jeremyinitalia writes:

Maybe it's a better deal for him to have them come and foreclose it. Let's say he started a Corp that didn't pan out and collateralized the loan with the corp's assets at initiation. Business didn't do so hot, so he folds on it. Clayton comes and seizes the property and sells at auction. If the loan was in the corporation's name, with no personal guarantee other than some assets he floated at the beginning, he's just made a good business decision. Let's not be too hasty boys.

vol_in_bigten_land writes:

in response to jeremyinitalia:

Maybe it's a better deal for him to have them come and foreclose it. Let's say he started a Corp that didn't pan out and collateralized the loan with the corp's assets at initiation. Business didn't do so hot, so he folds on it. Clayton comes and seizes the property and sells at auction. If the loan was in the corporation's name, with no personal guarantee other than some assets he floated at the beginning, he's just made a good business decision. Let's not be too hasty boys.

Sorry, but he ain't that smart.

worldwideturd writes:

in response to jeremyinitalia:

Maybe it's a better deal for him to have them come and foreclose it. Let's say he started a Corp that didn't pan out and collateralized the loan with the corp's assets at initiation. Business didn't do so hot, so he folds on it. Clayton comes and seizes the property and sells at auction. If the loan was in the corporation's name, with no personal guarantee other than some assets he floated at the beginning, he's just made a good business decision. Let's not be too hasty boys.

"Looking good Billy Ray!!....Feeling good Louis!"

LiveFaith writes:

Given the chance, the @$%^@$%^^@$%^@$%^ in Washington that was sent there by "We the People" soon make him an offer for a bailout. With OUR money of course.

After all, he's "to big to fail".

rocky_topper writes:

in response to BigBadVol:

Hey fat Albert, you are an embarrassment to our university. Please just go away.

He absolutely is!

AllUTAllTheTime writes:

What I don't understand is how someone with the money he has would need a 2.3 million dollar loan anyway. I am sure personally he is a nice guy, but this man has an ego that is out of control. I just think he needs some professional help and no I don’t mean that in a negative way. I just really think this guy needs to have smarter people around him. Who is his agent anyway? His agent is probably the real idiot here.

jhayes0926#638474 writes:

in response to bugman:

i have many times. next question?

do you have the same standards as he?

OldVols68 writes:

in response to HighlandVol:

Stay classy, Albert.

Stay classy???

This implies he was classy --- frankly I am ashamed he went to UT. He is .... nah, my mother (along with countless other moms) said if you can't say something nice about someone you should keep quiet:)

burpee_von_rotweiler_IV writes:

in response to AllUTAllTheTime:

What I don't understand is how someone with the money he has would need a 2.3 million dollar loan anyway. I am sure personally he is a nice guy, but this man has an ego that is out of control. I just think he needs some professional help and no I don’t mean that in a negative way. I just really think this guy needs to have smarter people around him. Who is his agent anyway? His agent is probably the real idiot here.

I also don't understand why a bank would loan ANY money to a pro athlete or entertainer. Seems the track record for such loans more often than not unsucessful.

gnm53108 writes:

Just dont understand.

Albert is so tallented,he could've gone down as one of the best defensive players of all time.Could've been metioned in the same breath as Reggie White.

For somebody to have made SO much money playing football and not care about football is beyond my understanding.

licknpromise777#651578 writes:

in response to jeremyinitalia:

Maybe it's a better deal for him to have them come and foreclose it. Let's say he started a Corp that didn't pan out and collateralized the loan with the corp's assets at initiation. Business didn't do so hot, so he folds on it. Clayton comes and seizes the property and sells at auction. If the loan was in the corporation's name, with no personal guarantee other than some assets he floated at the beginning, he's just made a good business decision. Let's not be too hasty boys.

Your probably right; This is just one of 25 possible investments his brokers are handling at any given time..Iam sure his business managers are calling the shots with little input from him..If you want to criticize Albert on something it should be his failure to honor the contract he made with the redskins and not investments controlled by his advisers..Don't be so naive; with the money he generates Albert is basically a corporation..That doesn't make it right but it also isn't an indictment of his personal values..His other stupid personal decisions speak for themselves..

NashvillePreds writes:

in response to LiveFaith:

Given the chance, the @$%^@$%^^@$%^@$%^ in Washington that was sent there by "We the People" soon make him an offer for a bailout. With OUR money of course.

After all, he's "to big to fail".

The TARP funds, will generate a profit for the government. The had warrants on stock options, as well as receiving interest income on the money that was lent out. When is the last time the United States made a profit on ANYTHING? If you want to talk bailout, where the taxpayers lose, look no farther than GM. We, the people, still own 60% of a failing corporation. As for the loan, Albert must have personally guaranteed it. Otherwise, the bank would have lent on the solvency of whatever business Albert was involved in. Unless the credit admin at Clayton are drunk, they would not have done that. Nevertheless, Clayton needs to recoup their capital. A $2.4MM hit at a small bank, is a big deal.

hufstedler02 writes:

in response to steviejanowski:

(This comment was removed by the site staff.)

He also stomped a player in the face during a titans game. Remember that one. Yep everything adds up that he is a real nice guy, not really.

tmartin writes:

in response to jeremyinitalia:

Maybe it's a better deal for him to have them come and foreclose it. Let's say he started a Corp that didn't pan out and collateralized the loan with the corp's assets at initiation. Business didn't do so hot, so he folds on it. Clayton comes and seizes the property and sells at auction. If the loan was in the corporation's name, with no personal guarantee other than some assets he floated at the beginning, he's just made a good business decision. Let's not be too hasty boys.

Sounds like your character is about the same as al's. When you borrow something, you pay it back; otherwise, its stealing. Its that simple.

Biggie writes:

in response to bugman:

i have many times. next question?

Is he the kind of guy you want your kid to be like when he grows up?

KiwiLuvsUT writes:

in response to bugman:

albert is a nice guy. have any of you ever met him?

Nope!
And I sure dont want to!

KiwiLuvsUT writes:

in response to hufstedler02:

He also stomped a player in the face during a titans game. Remember that one. Yep everything adds up that he is a real nice guy, not really.

Orangeyouavol writes:

in response to bugman:

albert is a nice guy. have any of you ever met him?

Whats that got to do with him paying his bills?

RollTideJoe writes:

in response to bugman:

albert is a nice guy. have any of you ever met him?

Nice guys don't poke out eyes of players down on the field. Nice guys don't stiff loan companies when they signed a $20+ million bonus paycheck. Nice guys don't drive recklessly down the interstates of Nashville over 120 miles per hour thoughlessly risking innocent families in their cars. His thug days go way back. He's a Bluto from Popeye and he'll never change. These other posters are right, he is an embarrassment to the university.

Biggie writes:

in response to DoctorVol50:

(This comment was removed by the site staff.)

People who don't pay their bills or show up for work have character issues. And you're a Doctor? Or do you just play one on the internet?

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