Ed McMahon Fallen on Hard Times

Category:Ed McMahon -- On June 22nd, 2008 at 12:48 PM

22

Jun,08

Ed McMahon bravely speaks out about his financial troubles to the press worldwide.  McMahon has fallen in a financial slump with Citibank, suing the former Tonight Show and Star Search host at least $200,000.  It’s also been reported that he’s $644,000 behind on payments for his Beverly Hills home.  McMahon and his wife, Pam, have lived in their home since 1991, and now they’re worrying about foreclosure.  The 85 year old legend has lately been seen wearing a neck brace, after breaking his neck 18 months ago and is due for surgery.  As a result of his injury, it’s brought difficult times for McMahon to pitch any shows, making it harder for the star to earn any income to pay for his debts. It seems like Ed McMahon has become part of the viscous circle the rest of America seems to be facing. Times are hard and it just goes to show not even the celebrities are safe from financial issues.

Admittedly, McMahon declares that his financial debt is due to his own faults.  He says, with a smile on NBC, that he has a hard time saying “No” to ideas that just seem ‘to good’ to pass up but end up not working out.  Alas, McMahon’s not giving his hopes up!  With generous friends, such as Jay Leno, he’s keeping his chin up.

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