Former Duke University basketball star Bobby Hurley is leaving the horse business after PNC Bank foreclosed on his 140-acre Devil Eleven Farm in Ocala, Fla.
PNC is scheduled to auction the farm, named for Hurley's college jersey number, on Oct. 5 to pay off about $3.3 million debt.
"He and his family have decided to get out of the horse business, and we've reached a settlement with the bank, and the sale of the farm is part of the settlement with the bank," said Brian Rich, Hurley's attorney in Tallahassee, Fla.
Rich said he can't comment on terms of the confidential settlement with PNC, which initiated foreclosure in April against Hurley and his wife, Leslie.
The bank also sued Hurley and his stable in Lexington, seeking to seize 12 shares in the stallion Songandaprayer to pay off a $900,000 loan. Rich said the settlement includes the Fayette County case, but he could not comment on what is happening to the shares.
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Tags: Duke, bobby hurley, pnc bank, duke university basketball, Bank, Farm
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