The unfortunate truth behind Fleury's comeback
Sources tell TSN Theoren Fleury is attempting a comeback and wants to play in the NHL again. After playing senior hockey last season, Fleury decided in February he was fit enough to give the NHL another try, so he hired a personal trainer and has been working diligently since. Those close to him say he didn't leave the National Hockey League the way he wanted, which is fueling his desire to return.
This could very well turn out to be the feel good story of the season, should a team take Fleury up on his comeback bid and allow him to suit up, six years later, in the NHL. But I think it's also fairly clear that the popular former star is, financially speaking, not in the best place right now.
After amassing $42-million over a 15-year career, Fleury may even be broke.
Following the 2002-03 season with the Blackhawks, his last in the NHL, Fleury filed for divorce from his wife in June. As part of the settlement, both sides took away approximately $4-million in value, and Fleury contributed an additional $350,000 in alimony and agreed to pay $60,000 in child support a year for his two children (who are now about 10 and 12).
This February, nearly six years later, he was in court again, reworking the terms of the child support given his income had all but gone away in the interim. The ruling cut his payments significantly, from the $5,000 a month he had been paying to about one-fifth that.
But that's not the troubling part.
As part of the child support case, Fleury revealed both his annual income after leaving the NHL and the contents of his "investment account," which was termed his "liquid capital."
Neither paints a pretty picture.
Annual income (as per tax returns)
2004 – $12,367
2005 – $10,398
2006 – $44,506
Value of his liquid capital
January 2004 – $3,074,943
January 2005 – $2,653,618
January 2006 – $2,407,717
January 2007 – $1,402,138
January 2008 – $261,450
The court documents hint at the reason for the steep decline, noting that: "...the continuation of his expensive lifestyle gave no indication that he would be seeking to recover child support payments made to the mother."
The concrete company Fleury had been working for and loaned more than $800,000 along the way has also apparently gone under, and there aren't any details as to how much he was able to recoup from that investment. What's also unknown is what other assets Fleury owns that wouldn't qualify as capital.
Even so, it would seem that the former Flames star has unfortunately gone down a path we see far too often in professional sports, one that should be preventable by way of player education. Fleury will be entitled to a full pension as an NHLer who played more than 400 regular-season games — something that I believe kicks in at age 50 — but between then and now, he might need to make a comeback or two.
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what a nightmare that must be. i almost would have rather not heard this.
by wlittle on Aug 8, 2009 8:59 AM CDT reply actions 0 recs
His comeback attempt has created considerable discussion in Calgary, naturally, where opinion on this is decidedly mixed. I can’t see him returning to the Flames organization, even if he would probably like to, but I do hope he gets a shot somewhere. Especially since he seems to know that he’s probably spending most, if not all, of the season in the AHL.
Fleury is a really striking case of just what alcohol (and substance?) abuse can do to a person. We should have been talking about his pending election to the Hall of Fame, not about his financial situation and attempts to gain clearance simply to play in the NHL again.
by Resolute on Aug 8, 2009 10:02 AM CDT reply actions 0 recs
I’m sure you could have found a better photo of him, but I’m glad you didn’t.
by DarrenM on Aug 8, 2009 10:31 AM CDT reply actions 0 recs
I was really just looking for something recent. That’s from his stint over in the British League.
Blogging on hockey at fromtherink.com
by James Mirtle on Aug 8, 2009 12:05 PM CDT up reply actions 0 recs
Hey, if Kyle Wellwood can trim the fat…
by Sean Zandberg on Aug 10, 2009 8:14 PM CDT up reply actions 0 recs
Also, if money is the only issue, why doesn’t he go to the KHL? It’d be easier to find a nice payday over there.
But I guess then he’d be further away from his kids, and that might stop him.
by DarrenM on Aug 8, 2009 10:32 AM CDT reply actions 0 recs
Interesting idea. Maybe if he can’t catch on to an NHL team or doesn’t get what he’s seeking, he might turn to the KHL as a last resort.
by Habs on Aug 8, 2009 10:34 AM CDT up reply actions 0 recs
Yeah, a recovering alcoholic going over to Russia is probably a bad idea. Vodka’s a bit easier to get a hold of over there.
SNN Sports - A theoretical Oilers blog (i.e. theoretically, I write stuff there)
by Doogie2K on Aug 8, 2009 12:59 PM CDT up reply actions 0 recs
Sad. Sounds like he went to the Darren McCarty school of finance management.
by SDWingNut on Aug 8, 2009 10:39 AM CDT reply actions 0 recs
I heard a story about Theo when he was coming to Montreal he would go buy a bootle of booze and go drink with the homeless under a bridge just to socialize.
by Fred Poulin on Aug 8, 2009 11:47 AM CDT reply actions 0 recs
Well if he doesn’t make the cut he can always LIVE that lifestyle eventually. It would cut back on the alimony payments plus he’d get free soup and buns
by Sean Zandberg on Aug 10, 2009 8:15 PM CDT up reply actions 0 recs
I know this doesn’t have anything to do with anything, but weird how this comeback story comes out the day that baseball player and noted alcoholic/junkie Josh Hamilton just had to own up to drinking alcohol again recently.
by Afino on Aug 8, 2009 2:47 PM CDT reply actions 0 recs
I don’t care what the reasons are behind it, all I know is I’ll be rooting for him. I’ve met him in two separate functions in the past and he’s been great each time. Nothing but a super nice guy when I’ve seen him so I hope he can make a decent return and get his life back on track.
by Art_M on Aug 8, 2009 6:07 PM CDT reply actions 0 recs
Whatever happens, this would have made an interesting final chapter to his book that is supposed to come out in October.
Wait a minute…maybe this is all part of the marketing plan for the book…?
by rich snake on Aug 9, 2009 11:14 AM CDT reply actions 0 recs
This story just bums me out on so many levels. Theo hasn’t exactly helped his case, but I also think he got the shaft from the league. I was at the game at MSG in 2001 or 2002 when he gave us all the finger, and I would still gladly welcome him back for another shot.
Rangers, Royals, Raiders, Knicks...the man loves a winner.
by self loather on Aug 9, 2009 2:44 PM CDT reply actions 0 recs
Pretty sad story. This happens far too often to retired athletes.
More and better education programs will help, but they will only help those who want to help themselves. Not all athletes are smart enough to take advantage of these programs.
Being a Leaf fan here requires one to be sufficiently lubricated... and truculent!
by stucky on Aug 9, 2009 8:55 PM CDT reply actions 0 recs
Dear god that is a depressing story, James. I know plenty of guys who are paying through their teeth for alimony and child support. It makes me wonder….
-best not to get divorced
-best not to get married
or..
-best to kill your spouse rather than divorcing…
OK, I’m kidding..but really though…I hope I never go through that.
by Sean Zandberg on Aug 10, 2009 8:18 PM CDT reply actions 0 recs
Unfortunate Truth
Come on, this is nothing but a publicity stunt to help sell his book which will be coming out shortly. Yes, he undoubtedly needs the money badly and he’s hoping this will fuel sales of the book. No different than his “baseball career” which was intended to boost his clothing line. Desperate indeed!
by Arielle on Aug 11, 2009 11:36 AM CDT reply actions 0 recs

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