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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

    +972 /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>
    [hr]Post  automatically merged: [time]1290978348[/time][hr]
    Holy **** - 50% interest per annum. With mates like that who needs enemies.
  2. The Wheel

    The Wheel Well-Known Member

    +2,756 /88
    And some people complain about the Banks
  3. tookey

    tookey Well-Known Member 2017 Tipping Competitor

    +5,789 /186
    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

    +516 /0
    Never borrow from family or mates.  Shearer must be just plain stupid to borrow at that rate. 
  5. Matabele

    Matabele Well-Known Member

    +516 /14
    Too bad for Shearer that Lam's photos (and videos) are already public.
  6. WAMF

    WAMF Well-Known Member

    +408 /0
    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

    +19,621 /383
    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

    +2,938 /287
    This looks like a job for the "Men of League" foundation.
  9. Matabele

    Matabele Well-Known Member

    +516 /14
    Charity shouldn't have to bail out stupidity. 
  10. mozgrame

    mozgrame Well-Known Member

    +5,118 /51
    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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