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Lenny Dykstra files for bankruptcy

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I've covered Lenny Dykstra's financial woes pretty extensively here on BloggingStocks, so this latest bit of news isn't exactly shocking. Still, it's a sad culmination to the epic rise and fall of an athlete turned financial guru.

The Associated Press reports that the former New York Met has filed for bankruptcy, reporting liabilities of between $10 million and $50 million, compared with assets of less than $50,000.

Dykstra is just 46 years old, and his bankruptcy follows a slew of negative publicity and lawsuits surrounding failed business ventures.


On the bright side, Dykstra's son Cutter was drafted by the Milwaukee Brewers in the second round of the 2008 draft. A successful career could be just the bailout his father needs, and while he's put up subpar numbers in his short professional career, he's still just 21 years old.

HBO had been putting together a documentary on Dykstra's status as former baseball player turned financial media-mogul, but obviously that's on hold for now. The filmmaker asked Dykstra about his financial issues, which led to this epic exchange:

DYKSTRA: Who? Tell me who I owe?

GOLDBERG: Let's go through a few people. The printers . . .

DYKSTRA: F--- the printers. The printers are criminals.

GOLDBERG: The flight attendant?

DYKSTRA: F--- the flight attendant . . . They all think they can come here and steal my money.

Dykstra says the legal cases against him are "all bull----."

Goldberg asked Dykstra what he would say to people "who think once upon a time you were flying high and now you're broke?"

Dykstra laughed and withdrew a wad of bills, which he began counting. Goldberg said, "OK, so you've got $75 in your pocket, that doesn't make you rich." To which Dykstra replied, "I never carry less than $1,000. But flying high? Looks like I'm still flying pretty f------ high. And by the way, I'm flying higher."

Dykstra was high all right. Next stop? I predict a stint in the Atlantic League of Professional Baseball.

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Last updated: November 26, 2009: 06:03 AM

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