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Strike three for Lenny Dykstra: Former Met files for Chapter 11 bankruptcy protection
nydailynews ^ | Updated Wednesday, July 8th 2009, 9:33 AM | BY Larry Mcshane

Posted on 07/08/2009 5:21:14 PM PDT by dennisw

The 46-year-old Dykstra, a former World Series champ with the Mets and spark plug with the Phillies, faces upward of 20 suits from creditors coast to coast, most related to The Players Club, a problem-plagued magazine he launched last year.

Among those claiming they were stiffed by the player known as "Nails" are a pair of private jet rental companies, his brother, a Las Vegas printing business, a former lawyer and several former employees.

Dykstra's wife is also suing him for divorce, and his $18 million California mansion is in foreclosure.

"In a move that will shield his property from a host of meritless claims, Mr. Lenny Dykstra filed a petition for Chapter 11 protection," his California lawyer, Walter Hackett, said in a statement.

"This action will provide Mr. Dykstra time to reorganize his estate [and] successfully challenge the multitude of meritless claims that have been made against him."

Hackett, in his statement, described the pending lawsuits as "parties who have attempted to steal his property, breached material agreements with him or otherwise acted in bad faith."

Dykstra is accused of lying and duping business partners, bouncing checks and ignoring court orders for payment.

The three-time All Star played 12 years before retiring in 1996.

Also nicknamed "The Dude," Dykstra was known for the hustle and fearless play that made him popular in New York and Philadelphia.

Batting leadoff for the 1986 Mets, he'll be forever remembered for his walkoff home run at Shea Stadium in a playoff victory over the Houston Astros - and his leadoff home run in Game 3 of the World Series against the Boston Red Sox.

His home run came at Fenway Park after the Mets lost the first two games at Shea and sparked the Mets to four wins in the next five games for an improbable World Series championship.

Dykstra batted .304 in the playoffs and .296 in the World Series.

A fan favorite, Dykstra was traded along with pitcher Roger McDowell and a minor leaguer for outfielder Juan Samuel on June 18, 1989. First baseman Keith Hernandez, Dykstra's teammate, later wrote that Lenny was "on the wild and crazy side," which likely prompted the trade to the Phillies.

Many fans consider the trade a turning point in Mets fortunes as the team did not become a serious competitor again until the late 1990s.

In 2002, Dykstra made a dramatic return to New York when he was elected as part of the Mets' 40th Anniversary All-Amazin Team. He returned in 2006 on the 20th anniversary of the 1986 World Championship team and got a big roar from the Mets faithful.

Nails also was at Shea for the ballpark's farewell last Sept. 28.

"I had many great years in Philadelphia, but my best days were with the New York Mets," Dykstra said to sustained cheers.

Over the years his name had been mentioned as a possible coach or manager for the Mets.


TOPICS: Business/Economy; Miscellaneous; Sports
KEYWORDS: mlb

1 posted on 07/08/2009 5:21:14 PM PDT by dennisw
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To: dennisw

Never take partners in a business, this kinda crap is what happens when you do. Also happens if you dont pay your bills.


2 posted on 07/08/2009 5:23:31 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: driftdiver

Never take partners in a business, this kinda crap is what happens when you do. Also happens if you dont pay your bills........

That’s a good warning for Dykstra’s partners. He stiffed plenty of them. I’ll bet there is lots of pretty women in Dykstra’s story


3 posted on 07/08/2009 5:27:20 PM PDT by dennisw (Free Republic is an island in a sea of zombies)
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To: Artemis Webb
Baseball Ping

As a Met fan, he was exciting, but time has shown him to be
continuously over the top.

4 posted on 07/08/2009 5:28:39 PM PDT by JerseyJohn61 (Better Late Than Never.......sometimes over lapping is worth the effort....)
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To: dennisw

Hey he’s famous, he gets a freebie right?


5 posted on 07/08/2009 5:32:01 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: dennisw

I saw Dykstra on F&F last year promoting this rag. He is about on par with Ali relative to cognitive skills. Gone.


6 posted on 07/08/2009 5:44:51 PM PDT by nhwingut (The media's love affair with Obama reminds me of a dog humping a telephone pole.)
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To: dennisw
Anybody else remember Dykstra making the rounds of the financial shows, like Neil Cavuto's. This is fun. It's from a 2008 Forbes story.

Day trading deity Jim Cramer crowned him "One of the great ones in this business." Fortune magazine gushed for six pages over the "fledgling guru" of investing. HBO referred to him as a "prominent, remarkably successful stock investor."

The subject of this breathless coverage is Lenny Dykstra, a former New York Mets and Philadelphia Phillies outfielder who claims a 90%-plus return picking stocks each of the last three years. Yet a close look at Dykstra's portfolio raises doubts about whether the baseball All-Star turned TheStreet.com (nasdaq: TSCM - news - people ) guru has been picking many of those stocks or relying on a seasoned stand-in.

It's obvious what's going on here," fumes Dykstra about anyone who would doubt his stock-picking prowess. "This is a smear job."

7 posted on 07/08/2009 5:50:45 PM PDT by kittykat77
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To: dennisw

Dykstra is just another dirty doper who’s on his way down.

Karma can be a real bitch.


8 posted on 07/08/2009 5:56:38 PM PDT by Third Person (0bama is a Little Lebowski Urban Achiever)
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To: driftdiver

I remember when he would jump in his Bentley after the Phillies games .


9 posted on 07/08/2009 6:00:00 PM PDT by Renegade (You go tell my buddies)
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To: dennisw

So maybe my new tagline can be “I’m richer than Lenny Dykstra”.


10 posted on 07/08/2009 6:06:52 PM PDT by fkabuckeyesrule (There might just be too many metrosexuals in AMerica to allow Sarah Palin to become President)
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To: dennisw

Any fool who would invest money with him basically got what he deserved. Most baseball players are pea-brained idiots!


11 posted on 07/08/2009 6:07:03 PM PDT by TJ Jackson
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To: driftdiver

This guy was a hard partier when he was with the Phillies in the mid 90’s. One could see him out in Atlanta with his buddy Kruk...they were hard core drinkers.


12 posted on 07/08/2009 6:11:46 PM PDT by Boiling Pots (B. Hussein Obama: The final turd George W. Bush laid on America)
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To: TJ Jackson

You are right about baseball players, they are especially dumb.


13 posted on 07/08/2009 6:15:50 PM PDT by Boiling Pots (B. Hussein Obama: The final turd George W. Bush laid on America)
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To: dennisw
They did a segment about him on Real Sports with Bryant Gumbel. They portrayed Dykstra as a wiz investor who was making huge profits off his stock picks. He bragged about how large he lived and how much money he spends. He looked like a fraud to me. How do you get sound investment advice from a guy who mumbles and talks like he's loaded?
14 posted on 07/08/2009 6:20:09 PM PDT by peeps36 ( Al Gore. Is A Big Fat Lying Hypocrite. He Pollutes The Air By Opening His Big Mouth)
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To: dennisw
1993 WORLD SERIES
Blue Jays WIN. Phillies lose.


15 posted on 07/08/2009 6:26:07 PM PDT by Ipberg
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To: Ipberg

I was at that game. It doesn’t get much better in sports than that. Only the second World Series ending walk off home run in history and your home team wins it. I walked down to the field level seats after the game and saw a couple of Phillies fans and was sympathetic. I told em well you don’t see that every day.


16 posted on 07/08/2009 6:35:08 PM PDT by xp38
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To: dennisw

Dykstra always was a madman......


17 posted on 07/08/2009 7:15:47 PM PDT by Intolerant in NJ
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To: GOPsterinMA; IndyTiger; henkster; JerseyJohn61; TennTuxedo; Mr_Moonlight; BatGuano; refreshed; ...
Nails no more

BASEBALL PING LIST

If you would like to be on the ping list let me know.

This will be a medium volume ping list during the baseball season and a low volume ping list when all life stops in late October.

18 posted on 07/08/2009 11:06:50 PM PDT by Artemis Webb
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To: TJ Jackson

I believe that out of the 500 or so players in MLB, there are only 24 that have college degrees.


19 posted on 07/10/2009 9:14:08 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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