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Shilo Sanders’ Net Worth: Analyzing His Finances Following Bankruptcy Filing – Marca.com

Shilo Sanders’ Financial Turmoil: Bankruptcy Filing Amidst $12 Million Judgment

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Shilo Sanders, son of renowned football coach Deion Sanders, is embroiled in significant financial and legal challenges following a 2015 incident during his high school years. In October 2023, Sanders filed for bankruptcy, declaring liabilities of $11.3 million, including a court judgment of $11.89 million awarded to John Darjean, a security guard who alleged assault by Sanders. (en.wikipedia.org)

The altercation occurred when Sanders, then 15, was placed in in-school suspension for violating the school’s no-phone policy. During a phone call with his mother, Deion Sanders, who was divorced from Pilar Sanders at the time, instructed Darjean to confiscate the phone. The situation escalated, leading to Sanders allegedly elbowing Darjean in the chest, causing him to fall. Darjean filed a lawsuit in 2016, claiming severe and permanent injuries, including a broken neck and irreversible incontinence. (amp.marca.com)

In 2022, a Texas court found Sanders guilty of assault and battery, ordering him to pay $11.89 million in damages to Darjean. Facing this substantial debt, Sanders filed for bankruptcy in October 2023, listing assets of $478,000, including a 2023 Mercedes valued at $75,900 and necklaces valued at $75,000. However, in December 2023, his attorney amended the petition, reducing the asset value to $320,000 and removing the high-value necklaces, stating they were on loan pursuant to an NIL deal with Saki Diamonds. (en.wikipedia.org)

Darjean contested the bankruptcy filing, alleging that Sanders transferred funds from NIL deals to his company, Big 21, LLC, to shield assets from the judgment. Sanders admitted to not disclosing several social media NIL deals and acknowledged ownership of Big 21 LLC and SS21 LLC but denied improperly failing to disclose contracts related to his NIL deals. (en.wikipedia.org)

In December 2024, federal bankruptcy Judge Michael E. Romero allowed Sanders’ bankruptcy case to proceed, focusing on whether his actions during the 2015 incident were "willful and malicious." The court noted that the Texas court’s findings did not establish Sanders’ intent, necessitating further proceedings to resolve these questions. (yardbarker.com)

As Sanders continues to navigate these legal and financial challenges, his case underscores the complexities athletes face in managing personal conduct and financial obligations.

Note: This article is based on information available up to April 2025 and may not reflect the most current developments in Shilo Sanders’ case.

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