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Attorneys say money to ex-UNC coach were loans
Question of the Day
Yahoo! Sports reported that there were at least six wire transfers from Wichard’s bank to Blake, as well as a $45,000 personal loan from that bank to Blake. A credit card was also issued in Blake’s name tied to Wichard’s agency, Pro Tect Management. Beaver said the bank loan had nothing to do with Wichard and that the credit card account was opened to help Blake pay for expenses for running a football camp in California years ago while he was between coaching jobs.
That credit card, Beaver said, has been closed for about three years.
The coach’s financial troubles grew after he bought a custom-built house _ “One maybe could say, too significant of a home,” Smith said _ while at Oklahoma. After he was fired, the house didn’t sell for 16 months, leaving Blake with a mortgage payment that Beaver estimated was around $4,800 per month.
In addition, Blake lost money in failed business ventures. Wichard began loaning money to Blake, though Beaver said there are no records since they were close friends. Blake has long tried to pay back some of the money, Beaver said, but the loans were never fully repaid.
Both Blake and Austin recently testified with investigators from the North Carolina Secretary of State’s office as they look into whether the state’s sports agent laws were broken. And despite saying the loans weren’t improper, Blake’s attorneys also acknowledged it probably wasn’t the best idea for a college coach to take loans from an agent _ friendship or not.
“Has he maybe exercised in retrospect less-than-perfect judgment?” Beaver asked. “That’s possible.”
AP Sports Writer Joedy McCreary contributed to this report.
By Tom Harris and Madhav Khandekar
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