University of Michigan coach Rich Rodriguez sued over real-estate deal

September 1, 2009 at 9:41 am by Terez in Rich Rodriguez, University of Michigan

Terez, they don't call me Dick for no reason...

Terez, they don't call me Dick for no reason...

University of Michigan football coach Rich Rodriguez is being sued for defaulting on a real-estate loan to build high-end condominiums in the shadows of Virginia Tech’s Lane Stadium. One of five guarantors for a proposed 80-condominium gated community called The Legends of Blacksburg, Rodriguez and his partners allegedly owe Nexity Bank $3.9 million, including interest and penalties. Rodriguez was served a summons and complaint in his football office at 5:27 p.m. on Aug. 24, court papers show. Michigan practiced earlier in the day. According to court filings, The Legends of Blacksburg, LLC, signed a loan promissory note for $26.1 million in September 2007, when Rodriguez was coach at West Virginia. — AnnArbor.com

Rodriguez is a slimeball who should have kept his ass in West Virginia..-TO