In a sad story out of the St. Louis Business Journal, it appears that former Cardinals catcher Mike Matheny could lose his home in Wildwood thanks to a failed business venture.
According to the report, Matheny and business partner Brett Phillips have defaulted on more than $10 million in loans issued to their company, MPD Investments. Matheny is personally responsible for about $4.2 million and used his 10,000-square-foot, seven-bedroom home on 11 acres for collatteral. Click here to read the whole story.
The house is set for a foreclosure auction July 12 at the St. Louis County Government Center.
Matheny grossed more than $18 million in his Major League Baseball career that included stops with the Brewers, Blue Jays and Giants besides his years in St. Louis.
In an unrelated Business Journal story, reports that new Cardinals outfielder Matt Holliday plans to buy a $15-million house in Lake St. Louis once occupied by U.S. Fidelis co-founder Darain Atkinson have been shot down.
The Business Journal writes:
A limited number of potential buyers have the means to afford the European-styled colossus at 5 Lakeview Court. The waterfront home — the largest in St. Charles County — has nine bedrooms, 10 full baths and four half baths, according to its listing. Its expansive living space also includes a music room, turret room, movie theater, indoor bowling alley, 8,000-square-foot outdoor entertaining area, safe room, second living quarters, study, billiard room, art studio, spa-retreat, playroom, exercise room, four fireplaces, an eight-car garage and a porte cochere. High-end materials such as walnut and marble are found throughout the home.