Matheny lost his home in legal fight with bank over business debt STLtoday.com
WILDWOOD • Before he was handed his dream job, new Cardinals manager Mike Matheny lost his dream house.
Matheny has a number of business and property ventures. But his attempt to develop two plots in Chesterfield Valley cost him his home last year and appears to be the key reason the man with the biggest coaching job in St. Louis sports now lists his in-laws' home as his address.
A legal fight over the failed business venture continues today — and Matheny and his wife may still be on the hook for more than $4 million.
Their financial plight is also caught up in another dispute heading to the Missouri Supreme Court that could have broad implications on foreclosures statewide. The case challenges the ability of banks to collect further debts even after foreclosing on a home.
During his playing days with the Cardinals in the early 2000s, Matheny built a 17-room sportsman's paradise on 11 secluded acres in suburban Wildwood, complete with an indoor batting cage, home theater, pool with a water slide and a treehouse wired for electricity. The home even has its own golf challenge: a floating island green in the middle of a private lake.
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