Keyshawn Johnson allegedly screwed his business partner out of a huge payout after agreeing to buy out the guy’s ownership in their Panera Bread franchise and bailing on the payments.
Reynaldo Spalding claims he helped operate some of the Panera Bread stores owned by Keyshawn Johnson’s company in exchange for a 1.6% membership interest in the business.
In case you didn’t know, Johnson is part of an investment group with other athletes, including Reggie Bush and Dennis Northcutt.
According to the lawsuit filed by Spalding, he says Johnson bought him out of his deal in Panera for $335,000. He claims Johnson had agreed to pay him $3,865.38 on a bi-weekly basis until the total sum was paid off.
Spalding says he collected $29,600 before the former NFL star refused to make any further payments, and says he’s currently owed $117,008.34 plus an extra $7,466 in interest.
He also says the number owed is rising, just like a bun in the oven, as Johnson continues to not pay.
We’ve reached out to Johnson for comment, so far no word back.