Mr. Fedorov needs your support

[Echolalia 2,961]

Instead of me helping him, why doesn't he help me pay my debt from student loans that I will continue to get over the next 5-6 years. I'll never get paid in the millions. Welcome to reality Fedorov.

[TheUkrainian 49]

Instead of me helping him, why doesn't he help me pay my debt from student loans that I will continue to get over the next 5-6 years. I'll never get paid in the millions. Welcome to reality Fedorov.

Amen... I've managed to get lucky my freshman year and only have to pay 5 grand total so no loans, now the next 4 years...interest is going to kick my @$$

[Guest wingsjunky]

wonder how good the horse was? lol

lol i read your comment before the article and by your comment i thought it was gonna be fedorov got busted with heroin.

[T.Low 1,011]

Yet another reason why I don't idolize or worship anyone just because they are professional athletes or celebrities of some sort.

I never watch baseball on tv, but a client took 7 of us to SafeCo Field in Seattle. I was sitting 10 rows behind the right hand batter's box. As these guys from the Dominican Republic, Cuba, Mexico, and who knows where else, kept stepping up to bat, the only thing I could think was "This frikkin guy is a multi- millionaire".

Good for them that a lot of people want to sit on there asses (self included) and watch them play whatever game it is they play. It all sells a lot of beer and cars. If a professional athlete plays his cards right, he can become his very own corporation: a "competitive monopoly". For example there are a lot of defensive backs in the NFL, but there was only one Dion Sanders. And he put people in the seats. He made himself standout from the average Dback, so that he was different. He knew that no matter how gifted he was, defensive backs don't make as much as quarterbacks. They're only worth so much.

Dennis Rodman was just a hardworking, rebounding madman and defensive specialist when he was in Detroit. But then Modonna got a hold of him and she taught him about marketing himself, and he became a competitive monopoly; way different than anybody else.

Yeah, the business side of sports and music could really bother me if i let it. Good for Sergei that he's got some financial BS to deal with, so do a lot of people I know.

Sorry for the rant. Sort of sorry that is.

[Guest Crymson]

I imagine that Fedorov has plenty of money, but just refuses to pay the loans. He made $6m last season, for goodness` sake.

[T.Low 1,011]

I imagine that Fedorov has plenty of money, but just refuses to pay the loans. He made $6m last season, for goodness` sake.

Whats $6million after taxes, $3.25 or something? We know he's got loan payments on $1.5m and $500k for starters. You can blow $500k on a Ferrari these days, and we all know (from Hockeytown 3) how much Sergie likes his Ferraris. A four car garage can easily fit $1.5 mill.

Yeah, I got plenty of money, but I'm not going to pay my loan payments to the bank. (?)

Its actually really easy to spend a lot of money. No matter how much money you make, its easy to spend it faster than you are making it.

[Booster313 138]

I too will wait to hear a second half of this story. For all we know Sergei invested his life savings in the stock market...we all know how that's turning out for most people these days. Maybe he is attempting to sell the condo to pay back the loan but because of Florida's soft housing market he's unable to do so. Or maybe he's just an irresponsible *******.

There are a lot of good people in this country defaulting on loans. We are in a very difficult time. We think that because he makes so much money it's not possible that he can be broke, but everything is relative. For us 10k, 20k, 50k, 250k, etc is considered a lot of debt. Maybe Sergei has debt in the millions and has fallen victim to the same types of issues effecting the rest of us, just on a much larger scale.

[Johnny Diamonds 25]

I will wait to hear his side of the story before I pass judgement.

That's what I'm saying. I'm sick of hearing some Wings fans around Detroit rip on him and boo him all the time. He was an amazing player for us when he was here. Move on people, please!

Edited July 16, 2008 by Johnny Diamonds

[RockyMountainWingGal 108]

I will wait to hear his side of the story before I pass judgement.

Yeah me too. Banks are nasty - he's made more than enough money to pay for what he supposedly owes - doesn't make sense. I missed my mortgage payment by one day a few years ago - due to an electornic mishap - and they sicked an army of collectors after me THE VERY NEXT DAY.

Missing a loan payment doesn't make you a bad person.

[omnipotent_hudler 0]

I too will wait to hear a second half of this story. For all we know Sergei invested his life savings in the stock market...we all know how that's turning out for most people these days. Maybe he is attempting to sell the condo to pay back the loan but because of Florida's soft housing market he's unable to do so. Or maybe he's just an irresponsible *******.

There are a lot of good people in this country defaulting on loans. We are in a very difficult time. We think that because he makes so much money it's not possible that he can be broke, but everything is relative. For us 10k, 20k, 50k, 250k, etc is considered a lot of debt. Maybe Sergei has debt in the millions and has fallen victim to the same types of issues effecting the rest of us, just on a much larger scale.

to be fair i really doubt that Sergei got a sub-prime loan in the mid 90's

[Doggy 130]

You'd have to be pretty bad at life if you make that much money playing hockey and can't even pay your bills.

[hallelujahlogic 1]

maybe if his name was sam jones, they'd lighten up a little.

seriously though. nothing i hear about fedorov makes me think very highly of his character...i am inclined to say "what a knob". what a knob.

[Guest GordieSid&Ted]

That's what I'm saying. I'm sick of hearing some Wings fans around Detroit rip on him and boo him all the time. He was an amazing player for us when he was here. Move on people, please!

I don't know why others feel the need to state they will not pass judgment yet.

Why is this seemingly so complicated for people that they "need to hear the other side"

What other side?

He borrowed in excess of 2 million dollars and has stopped making payments on his loan.

This isn't rocket science people.

Pay your ******* loans back Feds.

[NeverForgetMac25 483]

What's your opinion on Darren McCarty?

I know you weren't asking me this but I just wanted to throw in my two cents. While similar, from what I understand about Fedorov's situation compared to Mac's, there are some big differences. Mac is an alcoholic and gambling-addict who has taken control in those areas, but where Fedorov and Mac's situation differ is in the timing. Mac was bought out, divorced and forced to take a massive pay-cut due to the new NHL salary cap. I don't care who you are, that would bankrupt most people if you are living up to your level of income, which 99.9% of people are. Don't get me wrong, his gambling addiction most certainly was a major culprit, but those aforementioned things are what did him in.

From the lack of information we have with Feds and whats been reported, it just looks like he isn't paying his bills or blew through money.

Edit: (Kelsey) Grammar

Edited July 16, 2008 by Never Forget Mac #25

[NeverForgetMac25 483]

I too will wait to hear a second half of this story. For all we know Sergei invested his life savings in the stock market...we all know how that's turning out for most people these days. Maybe he is attempting to sell the condo to pay back the loan but because of Florida's soft housing market he's unable to do so. Or maybe he's just an irresponsible *******.

There are a lot of good people in this country defaulting on loans. We are in a very difficult time. We think that because he makes so much money it's not possible that he can be broke, but everything is relative. For us 10k, 20k, 50k, 250k, etc is considered a lot of debt. Maybe Sergei has debt in the millions and has fallen victim to the same types of issues effecting the rest of us, just on a much larger scale.

The key there is percentage of income to loan. I have a home loan and two cars that I'm paying back. While I'm not about to get into how much money my wife and I make, I will say that the initial principal values of our loans is about 277% of what her and I make per year.

Now keep in mind that this is beyond rough depending on what type of loan Sergei has, but if he's $2 million in the hole on his bank loans he would have to make $722,021.66 per year to be in the exact same 277% of income situation that I am in.

Barring anything unkown, I don't feel sorry for Feds if he doesn't have the money *now* to pay for his loans seeing as that a good amount of us all have loans in the same *percentage of income* ballpark.

Edited July 16, 2008 by Never Forget Mac #25

[T.Low 1,011]

The key there is percentage of income to loan. I have a home loan and two cars that I'm paying back. While I'm not about to get into how much money my wife and I make, I will say that the initial principal values of our loans is about 277% of what her and I make per year.

Now keep in mind that this is beyond rough depending on what type of loan Sergei has, but if he's $2 million in the hole on his bank loans he would have to make $722,021.66 per year to be in the exact same 277% of income situation that I am in.

Barring anything unkown, I don't feel sorry for Feds if he doesn't have the money *now* to pay for his loans seeing as that a good amount of us all have loans in the same *percentage of income* ballpark.

And thats just the loans that we know he's defaulted on. One would think he has other loans that he is still paying on, and probably quite sizable.

[Louisville 112]

+1 off the ice and on the ice business are 2 different things. I don't let a players off ice things affect how I view them on ice.

Really? So even a DUI hit and run wouldn't change your view on a player? *cough* Mark Bell *cough*

Edited July 16, 2008 by Louisville

[OsGOD 3]

Ah well... The amount of s***ty charges and boosted interest rates and lack of wanting to work with you when you do fall behind for even a single MONTH is enough to make anyone what to say f*** IT you get nothing bank!

[NeverForgetMac25 483]

Ah well... The amount of s***ty charges and boosted interest rates and lack of wanting to work with you when you do fall behind for even a single MONTH is enough to make anyone what to say f*** IT you get nothing bank!

I'm sorry Os, but this is ridiculous. First and foremost, you and I have no clue what type of interest rate he got on his loan. For all we know he could've locked in a nice fixed rate when rates were phenomenal (which they were when he got those loans).

As for the "s***ty charges" you speak of, what could you possibly be referring to at this point of his loan?

Lastly, why should the bank want to work with you if you fall behind? Don't get me wrong, it would be very nice if a bank did work with its clients to help them out when they run into a pinch, but its not their obligation to do so. They weren't the ones who took out the loan and signed the agreement to pay it back. They did their part, why should Sergei not have to do his?

Edited July 16, 2008 by Never Forget Mac #25

[OsGOD 3]

Okay so talking about the late payment fees of outrageous amounts and then the relentless over limit fees (well not in the case of loans but with credit cards and they still deal with banks) and despite the joys of a low priced FIXED loan rate... that is not the case when you miss a payment... they can jack it up to loan sharking rates.... Fixed is nice when you are making payments on time... but because it says fixed doesn't mean it stays fixed

His or anyone elses personal financial s*** doesn't need to be aired in public... this is between him, the bank and now the judge and attorneys. case and point. Or better yet being discussed at length on a hockey board... regardless of it being off season or what.

Fedorov does not need anyones support he can get himself out of the hole he dug himself into just like many of the rest of us have (many who I bet have a similar income/debt ratio just not willing to make it public on a hockey forum). I am sure he has he reasons as to why he defaulted... don't we all at one time or another in todays day and age?

Edited July 16, 2008 by OsGOD

[NeverForgetMac25 483]

Okay so talking about the late payment fees of outrageous amounts and then the relentless over limit fees (well not in the case of loans but with credit cards and they still deal with banks) and despite the joys of a low priced FIXED loan rate... that is not the case when you miss a payment... they can jack it up to loan sharking rates.... Fixed is nice when you are making payments on time... but because it says fixed doesn't mean it stays fixed

His or anyone elses personal financial s*** doesn't need to be aired in public... this is between him, the bank and now the judge and attorneys. case and point.

You said the key words there yourself, "making payments on time". This is nobody's fault but his own. Not the mean old bank....just Fedorov's.

Pay your bills Sergei.

[OsGOD 3]

I updated my post after you replied... to say, I am sure he had his reasons... don't we all have our reasons... whether it be foreclosing on your house or credit card debt... there is always a reason behind it.

[Doc Holiday 0]

I updated my post after you replied... to say, I am sure he had his reasons... don't we all have our reasons... whether it be foreclosing on your house or credit card debt... there is always a reason behind it.

But that doesn't change the fact he made a statement that he could make those payments. If he doesn't make the payments he is backing out on his end of the deal.

[DatsMyWings13 4]

I updated my post after you replied... to say, I am sure he had his reasons... don't we all have our reasons... whether it be foreclosing on your house or credit card debt... there is always a reason behind it.

Don't you mean excuses? If you can't pay for something then don't buy it.

[Opie 308]

People like most of us on here can't even fathom this situation, the man had what a 20+ mil dollar signing bonus.

For you or I that is more than a lifetime's worth of salary, if he can't manage to live within his means he has some serious issues. He is 38 had, as apparently he doesn't anymore, millions of dollars probably totally somewhere near 100 mil. Edit after taxes this man was probably worth about 45 million, more than about 10 of us put together will ever see!

I am sorry if you can not live within those financials, YOU OWN FAULT!!!

If I get approved to buy a car, and can't make the payments due to my job changing or being laid off, different story, when you can afford to buy your house and as many cars as you want and pay for them in cash, but then you default on your loans, YOU HAVE OVER SPENT AND NEED TO LEARN CONTROL!!!

Edited July 16, 2008 by Opie