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Ex-adviser: Young needed loan for $300,000 party

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(Eds: APNewsNow. )

By DANNY ROBBINS

Associated Press

DALLAS (AP) - The former financial adviser for ex-NFL quarterback Vince Young says he arranged a seven-figure loan for Young during the 2011 lockout because the player wanted to throw himself a $300,000 birthday party even though he was running low on funds.

Ronnie Peoples of Raleigh, N.C., said under oath during a videotaped deposition last month he contacted New York-based Pro Player Funding LLC about the loan after being informed that Young had already paid for the party.

The deposition was taken as part of a proceeding in which the former University of Texas star is challenging the validity of a $1.7 million judgment against him. A transcript of the deposition was obtained by The Associated Press.

Young's attorney says Peoples' account is inaccurate.

Copyright 2014 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
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