It’s not as if former West Virginia University and current University of Michigan head football coach Rich Rodriguez doesn’t have enough to worry about, what with his team’s 3-9 record last year and the pressure on him to return the Wolverines to greatness — although their 31-7 win yesterday over Western Michigan University helped, and avoided a replay of UM’s loss to Appalachian State University two years ago, albeit when Lloyd Carr was head coach. Then there was the the report by the (Detroit) Free Press this week on the (anonymous) allegations from several UM players that the coaching staff routinely ignores the NCAA’s limits on the amount of time that players can be required to devote to their sport, which have prompted AD Bill Martin to announce that the athletic department’s compliance office will investigate the allegations.
But that wasn’t the end of Rodriguez’s troubles. According to this article by Dave Birkett on AnnArbor.com, Nexity Bank has sued him in federal court in South Carolina for defaulting as a guarantor on a real estate loan. The bank seeks $3.9 million from Rodriguez, although the original promissory note was for $26.1 million. He is one of five guarantors of a condominium development called Legends of Blacksburg.
Although the article says that Rodriguez and the four other guarantors, Ronald E. West, Floyd D. Elliott, Lamar Greene, and Jeffery Greene, have been sued, this complaint names only Rodriguez as a defendant, and includes the promissory note, the guaranty agreement , and the bank’s demand letter as exhibits.
But here’s something else that’s more interesting. One of the comments (eighth one down) on the article notes that Rodriguez is an investor in two other real estate ventures, Palmetto State Enterprises, LLC, which developed The Spur at Williams-Brice, and Legends of Tuscaloosa, LLC, which developed operates Legends of Tuscaloosa, and that all three are managed by Mike Brown, Rodriguez’s agent. The author of the comment links to Brown’s deposition transcript in WVU’s lawsuit against Rodriguez in which he testified — starting at page 14 — about the LLCs, which were organized to develop condominiums.
On Wednesday, Birkett wrote that Lamar Greene, one of Rodriguez’s partners in the Legends of Blacksburg project was arrested last year on five felony counts of breach of trust with fraudulent intent and is a banned Clemson University booster. To make matters worse, Greene’s felonies allegedly involve the theft of funds from Palmetto State Enterprises, LLC — another of Rodriguez’s ventures — starting as early as 2005, which predated their involvement together in the Blacksburg project, according to this Associated Press article posted on Greenvilleonline,com. This is the third time Clemson has banned Greene from its athletic program. Rodriguez was offensive coordinator at Clemson from 1999-2000.