ShoeMoney reports the Rich Jerk is selling his business to avoid bankruptcy. Not sure what the story is.

Pretty funny considering yesterday I blogged about “Mad Guru Disease” and quoted Lynn Terry as saying “The terminally-infected Guru’s will die off, with shrinking lists and dried up streams of revenue. Those that are still treatable will make a choice to de-tox and make changes, or milk the revenue streams for their last drops of income before moving on to the next cash cow.”

Shoe says:

“Then about 20 minutes ago a friend who I trust in the business who is pretty close to Kelly Felix says he is just about bankrupt and hoping to climb out of the hole and even make some profit. The source also says that Kelly blew a ton of investors money buying advertising on Howard Stern and fake commercials/tv spots to make it look like he was rich.”

Here’s the biz for sale listing if anyone has $8 million to spare.
The Rich Jerk Empire For Sale