Once juiced Lenny Dykstra now gambling on financial investments
Steroids-user, gambler, drunk, former MLB player Lenny Dykstra seems to sport the perfect resume for a stock market guru. Didn't the Mitchell Report mention Dykstra's proclivity for picking big winners on Wall Street? To the Philly Comcast story:
The diving, dirt-stained player as rough as his nickname, "Nails." Pretty much the last guy you'd expect to be staring out from a glossy magazine page, posed in an expensive suit and presented as the model for how ex-athletes can succeed in retirement...
But there he is, next to an article sprinkled with words like "convoluted," "acquiesce," and "sublimating." He's a stock picks guru. He's the owner of Wayne Gretzky's old house. And now he's the founder of a magazine and business venture that promise to help pro athletes "keep living the dream." Gracing the cover of last month's inaugural issue of Players Club was Derek Jeter, a baseball star with the sort of wholesome image never attached to Dykstra.
Even trouble for his business partner and business agency:
Even in his second career as a businessman, the rough edges haven't been totally smoothed out. There was a messy lawsuit brought by a longtime friend and business partner over Dykstra's lucrative car wash operation. He was sued again in February by an accounting firm.
And now he's involved in another suit with the company that initially published Players Club. In a federal court filing, Doubledown Media describes Dykstra as a "mercurial, difficult client" and raises questions about his financial stability.
However Dyskstra's done his research, or he would if he could read:
"Reading's hard for me," he says at one point. "I can't concentrate for long in one place."
Dykstra enjoyed great success as a investor and doper:
"When I was playing baseball," Dykstra says, "I didn't even know what a stock was."
Not until he "got smoked" in the market downturn of 2002. His $2 million investment shriveled to $400,000, Dykstra says.
However, there is Dykstra, publishing a magazine for athlete investors...maybe he can advise them on steroid stacking too...he might be more accomplished at that task.
The inspiration behind his magazine is the pro athlete who feels like a raisin when financial terms are tossed around -- and doesn't want to anymore. Dykstra describes his column at the front of each issue as "everything that the players want to say or ask but they're afraid to, because people think they're like a wimp."
The magazine isn't available on newsstands or by standard subscription. It's sent free to all athletes in the NFL, NBA, NHL, MLB, and the top levels of golf, tennis, auto racing and soccer.
Dykstra's bet is that advertisers will pay top dollar for access to such a wealthy readership. Open up the debut issue of Players Club, and there on the first two pages is an ad for Mercedes-Benz.
Lenny Dykstra wants all our money...what a major league gamble.






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