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News: Dale Shearer ordered to pay Adrian Lam $1.5 million over unpaid loan

Discussion in 'Rugby League Forum' started by ManlyBacker, Nov 29, 2010.

  1. ManlyBacker

    ManlyBacker Winging it Staff Member

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    +971 /7
    <p>THEY were once Origin heroes but now Dale Shearer faces bankruptcy after an ongoing financial feud with former teammate Adrian Lam</p>


    <a href="http://www.silvertails.net/news/5269-dale-shearer-ordered-to-pay-adrian-lam-15-million-over-unpaid-loan.html">Read the full article</a>
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    Holy **** - 50% interest per annum. With mates like that who needs enemies.
     
  2. The Wheel

    The Wheel Well-Known Member

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    And some people complain about the Banks
     
  3. tookey

    tookey Well-Known Member 2017 Tipping Competitor

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    Move over Ralph Norris. 

    Adrian Lam will be the next Managing Director of the Commonwealth bank.  50% interest rates would be good for shareholders returns as well as the Managing Directors yearly bonus. 
     
  4. DSM5

    DSM5 Well-Known Member

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    Never borrow from family or mates.  Shearer must be just plain stupid to borrow at that rate. 
     
  5. Matabele

    Matabele Well-Known Member

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    Too bad for Shearer that Lam's photos (and videos) are already public.
     
  6. WAMF

    WAMF Well-Known Member

    Perth
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    More a matter of desperation than it is stupidity.
    He was obviously unable to secure a loan through normal channels (for reasons best known to himself) so not even a lolr would touch him.
     
  7. Mark from Brisbane

    Mark from Brisbane Living the dream Premium Member

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    Just plain sad, on all fronts. Add to this the death of his wife, the car crash and it would be enough to send the poor bastard over the edge, I hope that doesn't happen.
     
  8. Ralphie

    Ralphie Well-Known Member Premium Member

    Bredbo
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    This looks like a job for the "Men of League" foundation.
     
  9. Matabele

    Matabele Well-Known Member

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    Charity shouldn't have to bail out stupidity. 
     
  10. mozgrame

    mozgrame Well-Known Member

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    To take out a loan of that size, and with that interest rate is ridiculous on any level.  It's a case of two fools met.  Rowdy for thinking he would pay it back, and Lam for loaning it in the first place.
     

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