Star quarterback Russell Wilson lost money on a pricey asset when he left the Denver Broncos in the offseason. Wilson signed with the Pittsburgh Steelers near the start of free agency in March.
Russell Wilson had to sell his Denver-area house
The Broncos were expected to release Wilson this offseason when they chose to bench the nine-time Pro Bowl quarterback in the final two weeks of the regular season. Wilson put his home on the market this winter in anticipation of his release.
Per Courtney Geers with the Denver Business Journal, Wilson lost $3.5 on his nearly two-year investment in his Denver-area home:
“The recently released quarterback lost millions selling the home he owned for less than two years.
Russell Wilson appears to be making a quick departure from Denver and will lose $3.5 million as he goes.
The Broncos’ recently released quarterback has sold his Cherry Hills Village home for $21.5 million, according to property records recorded on March 20. That’s compared to the record $25 million he and his wife, singer-songwriter Ciara, paid for the home at 10 Cherry Hills Park Drive on April 1, 2022.”
That’s kind of a crazy outcome, given how housing market pricing exploded in the previous few years as interest rates skyrocketed.
