Lawyers seek to subpoena Deion Sanders, CU officials in Shilo bankruptcy case

The bankruptcy case involving Colorado Buffaloes football player Shilo Sanders took a major turn this week with a lawsuit.

The Colorado Buffaloes defensive back, who is the son of head coach Deion Sanders and brother of quarterback Shedeur Sanders, is now facing heightened scrutiny over his assets and financial disclosures related to an $11.8 million debt owed to John Darjean.

As first reported by USA TODAYDarjean’s lawyers are requesting further investigation into Shilo’s assets, claiming he delayed providing necessary financial documents. They are now asking a federal bankruptcy judge in Denver for permission to issue subpoenas aimed at gathering additional information from Deion Sanders, Shedeur Sanders and University of Colorado officials.

The development comes amid claims by Darjean’s lawyers that Shilo has been uncooperative in disclosing his assets. They accuse him of living a lavish lifestyle, culminating in his recent purchase of a Tesla Cybertruck, despite neglecting his significant financial obligations. Additionally, Darjean’s legal team believes that Shilo’s father and brother have been collecting revenue on his behalf through promotional appearances and NIL (Name, Image, Likeness) deals. They claim that this information is crucial to recover assets for Shilo’s bankruptcy, as evidenced by the filing reviewed by On SI.

Shilo’s attorneys dispute the allegations of non-cooperation and argue that Shilo has been transparent in its dealings with the trustee. According to a separate filing, Shilo has made several professionals available to assist with the case, including attorneys, an accountant and other financial experts. However, Sanders has appeared in several national television commercials for Google, KFC and others in the past year and has not yet reported any income from those companies or transactions to the court, according to him. first declarations.

Nevertheless, Darjean’s legal team claims so Shilo’s bankruptcy case has been marred by “massive secrecy” and is seeking dismissal of the case, accusing Shilo of bad faith in its conduct. Despite these allegations, they claim that until the case is dismissed, Shilo and those associated with him must provide the necessary documents and information to the trustee.

The lawsuit also highlights the potential financial ties between Shilo, his family and the University of Colorado. Darjean’s attorneys want to serve subpoenas on Deion and Shedeur Sanders, as well as the university and the 5430 Alliance, a collective responsible for funding Colorado athletes through NIL deals. They claim that Deion Sanders has public appearances and social media posts with Shilo, which likely generated revenue. Darjean’s team suggests that Deion is aware of Shilo’s earnings or may have received them on his behalf.

Darjean’s legal efforts stem from a long-standing debt incurred by Shilo following a lawsuit in which Darjean claimed he suffered permanent injuries as a result of Shilo’s actions. Following a trial in Texas, Darjean was awarded an $11.8 million default judgment after Shilo failed to appear in court. Although Shilo initially participated in a preliminary investigation, including a deposition and counterclaims, his absence during the trial led to the verdict against him.

While Shilo plays his last year with the Buffaloeswho currently has a 6-2 record, the trial remains a significant distraction for him and his family.