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Tuesday, December 22, 2009
Hurley owes Kentucky bank lots of money

By Eamonn Brennan

Hey, what's Bobby Hurley up to? I bet you're dying to know.

Turns out, Hurley is in the local Lexington, Ky., news today; the former Duke guard defaulted on a $1 million loan owed to PNC Bank. The loan was related to Hurley's horse stable -- which is named (get this) Devil Eleven Stables; see what Bobby did there? -- and the default means Hurley has to give up his 12 shares in Songandaprayer, the horse he used as collateral for the loan. (Devil Eleven Stables might be a little cheesy, but I have to admit: Songandaprayer is an awfully good name for a horse.)

Who's confused? Me too. Fortunately, the Lexington Herald-Leader is well versed in matters of horse ownership:
Following a motion by the bank, the court on Wednesday ordered the seizure of Hurley's 12 shares in the stallion Songandaprayer, by Unbridled's Song, which were collateral for the loan.

Hurley paid $1 million for Songandaprayer as a 2-year-old. The colt then won the 2001 Fountain of Youth Stakes at Gulfstream Park, finished second in the Toyota Blue Grass Stakes and went on to finish 13th in the Kentucky Derby, which was won by Monarchos.

The stallion is syndicated, and total value of the Hurleys' shares, according to PNC's suit, is approximately $1 million.

And that's today's installment of "What's Bobby Hurley up to?" Aren't you glad we did this? Me too.

(Hat tip: Buster Sports)