macbob
  • macbob
  • Veteran Member Topic Starter
13 years ago
$190K turned into $1.7M with penalties and interest. Sounds like a lot of his assets (home, tavern, etc) were in other people's names and the gov't apparently can't touch them.

The GBPressGazette link below has pictures of the ring.

http://www.greenbaypressgazette.com/article/20110623/PKR01/110623159/1058/Fuzzy-Thurston-s-Super-Bowl-II-ring-being-sold-help-settle-1-7M-tax-debt 

Fuzzy Thurston’s Super Bowl II ring will be sold at auction in August as part of the government’s 28-year battle over taxes with the former Green Bay Packers lineman.

U.S. marshals seized Thurston’s ring, awarded at the end of the 1967 season, and plan to sell it to recover some of the $1.7 million the government claims Thurston owes in back taxes.

The sale comes just weeks after the Packers received Super Bowl XLV rings for their victory at the end of the 2010 season.

According to documents filed in U.S. District Court’s Western District, the government had hoped to sell more than just one of Thurston’s rings. A court order dated last week calls for the sale of rings from Super Bowl I and II, NFL championship rings from 1958, 1961, 1962 and 1965, other sports memorabilia and a gold watch.

It appears authorities have not managed to get hold of those items.

Heritage Auctions, a Texas auction house, has been appointed by the court to sell Thurston’s assets but has only one of Thurston’s Super Bowl rings along with his 1960 Packers helmet and two 1960 footballs signed by members of the Packers, including coach Vince Lombardi.

The ring will be auctioned at the National Sports Collectors Convention in Rosemont, Ill., on Aug. 4, along with a variety of unrelated sports memorabilia. Thurston’s helmet and the footballs will be offered in the Fall Heritage Sports auction that closes Nov. 11.

The Super Bowl ring is expected to fetch more than $20,000, although auction officials expect a spirited bidding that could take the final price much higher.

There have been other instances of Super Bowl I or Super Bowl II rings being sold in the past, but the Thurston ring likely will be considered one of the most popular player rings offered from either of the first two Super Bowls.

Paul Hornung’s Super Bowl I ring sold for approximately $40,000 in 2002, while former offensive lineman Steve Wright sold his Super Bowl I ring last month for $73,409.

Elijah Pitts’ Super Bowl II ring once sold for approximately $30,000, although the diamonds in that ring were replaced with faux diamonds.

A Super Bowl I ring is considered more desirable than one from Super Bowl II, although the Super Bowl II ring represents Lombardi’s final championship.

“We understand that Thurston is one of the most beloved Packers in history, and rightfully so, but we’re confident his fans will understand that Heritage is simply the auction house chosen by the courts,” said Chris Ivy, the director of sports auctions for Heritage Auctions. “We hope to reach out to fans who might wish to purchase the material to return it to Thurston, but obviously we had nothing to do with its forfeiture.”

Thurston, 77, played for the Packers from 1959 to 1967.

His tax battles stem from his post-Packers days, when he and business partners opened a chain of restaurants under the Left Guard name, after the position Thurston played for the Packers. In the mid-1970s, the chain had restaurants in Green Bay and several other cities in Wisconsin as well as one in Miami, Fla., all of which were sold or closed by the early 1980s.

According to the complaint filed in 1983, Thurston and his partners withheld federal income taxes from their employees’ salaries but then failed to turn some of that money over to the Internal Revenue Service. The problem occurred between 1978 and 1980 at the chain’s Janesville restaurant, the complaint said.

The money is referred to as trust fund taxes because employers hold their employees’ money in trust until it is turned over as a federal tax deposit. The employee can be held liable for money not turned over, and, in Thurston’s case, the employee sued him and his three partners in federal court.

Thurston’s three partners paid off judgments against them, but Thurston remained embroiled in a battle over whether his part of the judgment also was satisfied. The court ruled in 1984 that it was not and ordered Thurston to pay $190,806.

The U.S. District Court for the Western District of Wisconsin renewed the judgment against Thurston on April 28, 2004, and placed a lien on a condominium that Thurston owned in Naples, Fla.

The case remains unresolved. With interest, Thurston’s debt stands at a little more than $1.7 million, according to court documents.

Calls to Thurston’s Waupaca home weren’t answered Wednesday or Thursday. Green Bay lawyer Owen Monfils, who represented Thurston through some of his tax battles, said he was certain Thurston didn’t owe “nearly as much as the government claims.”

A lawyer who Monfils said represented Thurston in more recent years didn’t return calls Thursday from the Green Bay Press-Gazette.

Prosecutors conducted depositions of Thurston’s family members and business associates to try to learn his assets. The depositions revealed Thurston’s personal property included the championship rings, court documents say.

Thurston’s home in Waupaca County has a value of $623,900 but is in his wife’s name, according to the Waupaca County land listings office.

Fuzzy’s Shenanigan’s, a tavern that Thurston owned for about 15 years, first in Allouez and later on Green Bay's west side, was in Thurston’s son’s name until being sold about a year ago, according to the Green Bay city clerk’s office.

GBPressGazette wrote:

Nonstopdrivel
13 years ago
Even if I had the money, I wouldn't buy one of these items knowing that the proceeds were going to the government.
UserPostedImage
Fan Shout
Mucky Tundra (7h) : Houston getting dog walked by Baltimore
packerfanoutwest (13h) : Feliz Navidad!
Zero2Cool (18h) : Merry Christmas!
beast (25-Dec) : Merry Christmas 🎄🎁
beast (24-Dec) : Sounds like no serious injuries from the Saints game and Jacobs and Watson should play in the Vikings game
packerfanoutwest (24-Dec) : both games Watson missed, Packers won
Martha Careful (24-Dec) : I hope all of you have a Merry Christmas!
Mucky Tundra (24-Dec) : Oh I know about Jacobs, I just couldn't pass up an opportunity to mimic Zero lol
buckeyepackfan (24-Dec) : Jacobs was just sat down, Watson re-injured that knee that kept him out 1 game earlier
buckeyepackfan (24-Dec) : I needed .14 that's. .14 points for the whole 4th quarter to win and go to the SB. Lol
Mucky Tundra (24-Dec) : Jacobs gonna be OK???
Zero2Cool (24-Dec) : Watson gonna be OK???
packerfanoutwest (24-Dec) : Inactives tonight for the Pack: Alexander- knee Bullard - ankle Williams - quad Walker -ankle Monk Heath
packerfanoutwest (24-Dec) : No Jaire, but hopefully the front 7 destroys the line of scrimmage & forces Rattler into a few passes to McKinney.
packerfanoutwest (24-Dec) : minny could be #1 seed and the Lions #5 seed
Zero2Cool (23-Dec) : We'd have same Division and Conference records. Strength of schedule we edge them
Zero2Cool (23-Dec) : I just checked. What tie breaker?
bboystyle (23-Dec) : yes its possible but unlikely. If we do get the 5th, we face the NFCS winner
Zero2Cool (23-Dec) : Ahh, ok.
bboystyle (23-Dec) : yes due to tie breaker
Zero2Cool (23-Dec) : I mean, unlikely, yes, but mathematically, 5th is possible by what I'm reading.
Zero2Cool (23-Dec) : If Vikings lose out, Packers win out, Packers get 5th, right?
bboystyle (23-Dec) : Minny isnt going to lose out so 5th seed is out of the equation. We are playing for the 6th or 7th seed which makes no difference
Mucky Tundra (23-Dec) : beast, the ad revenue goes to the broadcast company but they gotta pay to air the game on their channel/network
beast (23-Dec) : If we win tonight the game is still relative in terms of 5th, 6th or 7th seed... win and it's 5th or 6th, lose and it's 6th or 7th
beast (23-Dec) : Mucky, I thought the ad revenue went to the broadcasting companies or the NFL, at least not directly
Zero2Cool (23-Dec) : I think the revenue share is moot, isn't it? That's the CBA an Salary Cap handling that.
bboystyle (23-Dec) : i mean game becomes irrelevant if we win tonight. Just a game where we are trying to play spoilers to Vikings chance at the #1 seed
Mucky Tundra (23-Dec) : beast, I would guess ad revenue from more eyes watching tv
Zero2Cool (23-Dec) : I would think it would hurt the home team because people would have to cancel last minute maybe? i dunno
beast (23-Dec) : I agree that it's BS for fans planning on going to the game. But how does it bring in more money? I'm guessing indirectly?
packerfanoutwest (23-Dec) : bs on flexing the game....they do it for the $$league$$, not the hometown fans
Zero2Cool (23-Dec) : I see what you did there Mucky
Zero2Cool (23-Dec) : dammit. 3:25pm
Zero2Cool (23-Dec) : Packers Vikings flexed to 3:35pm
Mucky Tundra (23-Dec) : Upon receiving the news about Luke Musgrave, I immediately fell to the ground
Mucky Tundra (23-Dec) : Yeah baby!
Zero2Cool (23-Dec) : LUKE MUSGRAVE PLAYING TONIGHT~!~~~~WOWHOAAOHAOAA yah
Zero2Cool (23-Dec) : I wanna kill new QB's ... blitz the crap out of them.
beast (23-Dec) : Barry seemed to get too conservative against new QBs, Hafley doesn't have that issue
Zero2Cool (23-Dec) : However, we seem to struggle vs new QB's
Zero2Cool (23-Dec) : Should be moot point, cuz Packers should win tonight.
packerfanoutwest (23-Dec) : ok I stand corrected
Zero2Cool (23-Dec) : Ok, yes, you are right. I see that now how they get 7th
Zero2Cool (23-Dec) : 5th - Packers win out, Vikings lose out. Maybe?
beast (23-Dec) : Saying no to the 6th lock.
beast (23-Dec) : No, with the Commanders beating the Eagles, Packers could have a good chance of 6th or 7th unless the win out
Zero2Cool (23-Dec) : I think if Packers win, they are locked 6th with chance for 5th.
beast (23-Dec) : But it doesn't matter, as the Packers win surely win one of their remaining games
beast (23-Dec) : This is not complex, just someone doesn't want to believe reality
Please sign in to use Fan Shout
2024 Packers Schedule
Friday, Sep 6 @ 7:15 PM
Eagles
Sunday, Sep 15 @ 12:00 PM
COLTS
Sunday, Sep 22 @ 12:00 PM
Titans
Sunday, Sep 29 @ 12:00 PM
VIKINGS
Sunday, Oct 6 @ 3:25 PM
Rams
Sunday, Oct 13 @ 12:00 PM
CARDINALS
Sunday, Oct 20 @ 12:00 PM
TEXANS
Sunday, Oct 27 @ 12:00 PM
Jaguars
Sunday, Nov 3 @ 3:25 PM
LIONS
Sunday, Nov 17 @ 12:00 PM
Bears
Sunday, Nov 24 @ 3:25 PM
49ERS
Thursday, Nov 28 @ 7:20 PM
DOLPHINS
Thursday, Dec 5 @ 7:15 PM
Lions
Sunday, Dec 15 @ 7:20 PM
Seahawks
Monday, Dec 23 @ 7:15 PM
SAINTS
Sunday, Dec 29 @ 3:25 PM
Vikings
Saturday, Jan 4 @ 11:00 PM
BEARS
Recent Topics
15h / Featured Content / Zero2Cool

15h / Green Bay Packers Talk / beast

25-Dec / Green Bay Packers Talk / beast

25-Dec / Green Bay Packers Talk / beast

25-Dec / GameDay Threads / bboystyle

24-Dec / Green Bay Packers Talk / beast

24-Dec / Random Babble / beast

24-Dec / Green Bay Packers Talk / Zero2Cool

23-Dec / Random Babble / Martha Careful

22-Dec / Green Bay Packers Talk / packerfanoutwest

19-Dec / Random Babble / Zero2Cool

18-Dec / Green Bay Packers Talk / beast

17-Dec / Green Bay Packers Talk / wpr

17-Dec / Featured Content / Zero2Cool

16-Dec / Green Bay Packers Talk / beast

Headlines
Copyright © 2006 - 2024 PackersHome.com™. All Rights Reserved.