Ex-Adviser: Young Needed Loan For $300,000 Party

COCONUT GROVE, FL - FEBRUARY 1:  (L-R) Chris Simms of the Tampa Bay Buccaneers and Vince Young of the Tennessee Titians signal the "hook'em horns" sign during the PLAYERS INC NFL Players VIP Party during Super Bowl XLI Weekend February 1, 2007 at The Grove Isle Hotel & Spa in Coconut Grove, Florida. (Photo by Brian Bahr/Getty Images for PLAYERS INC)

Chris Simms and Vince Young of the Tennessee Titians signal the “hook’em horns” sign during the PLAYERS INC NFL Players VIP Party during Super Bowl XLI Weekend in 2007. (Photo by Brian Bahr/Getty Images for PLAYERS INC)

DALLAS (AP) – The former financial adviser for ex-NFL quarterback Vince Young says he arranged a seven-figure loan for Young during the 2011 lockout because the player wanted to throw himself a $300,000 birthday party even though he was running low on funds.

Ronnie Peoples of Raleigh, N.C., said under oath during a videotaped deposition last month he contacted New York-based Pro Player Funding LLC about the loan after being informed that Young had already paid for the party.

The deposition was taken as part of a proceeding in which the former University of Texas star is challenging the validity of a $1.7 million judgment against him. A transcript of the deposition was obtained by The Associated Press.

Young’s attorney says Peoples’ account is inaccurate.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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