Bobby Petrino unloads one of his two Fayetteville homes

Bobby Petrino and Jessica Dorrell

Bobby Petrino and Jessica Dorrell

Bobby Petrino always had plans to live in Fayetteville the rest of his life. Why else would he have committed to the 18 million dollar buyout in his contract. He also showed that he had longterm plans to stay in Arkansas because he invested 2.5 million in a home here. However, he let his eyes stray and everything went down the tubes.

According to Arkansas Sports 360:

Bobby Petrino Breaks Even in Sale of Benton County Lake Home

by Paul Gatling

5/17/2012 at 3:13pm

Former Arkansas head football coach Bobby Petrino has sold his home on Beaver Lake for $600,000.

According to a warranty deed filed Tuesday at the Benton County Courthouse, Duncan MacNaughton, chief merchandising officer for Wal-Mart U.S., and his wife, Cynthia, are the new owners of the lakefront property in eastern Benton County.

Petrino and his wife, Becky, bought the 2,532-SF home and 2.91 acres on Cedar Forest Drive in Garfield for $600,000 in June 2008, the summer before his first season coaching the Razorbacks.

The sellers were William and Lisa McCullough. That purchase was tied to a 30-year mortgage worth $480,000 held by Signature Bank of Arkansas.

The home sits on a 1.07-acre lot and includes two extra lots as well as a private boat dock with four slips.

It didn’t take long for the former coach to get out from under the property. Petrino coached the Razorbacks for four seasons before being fired April 10.

Athletics director Jeff Long cited Petrino’s misleading and deceptive behavior in an attempt to cover up an affair with a female member of his football staff. The revelations came in the wake of a motorcycle crash April 1 in rural Madison County that sent Petrino to the hospital.

Four days later, the accident report released by the Arkansas State Police revealed Petrino had a passenger, Jessica Dorrell, who the coach previously did not mention while recalling the events of the accident.

It was later revealed Petrino, 51, and Dorrell, 25, were having an inappropriate relationship for several months.

Petrino hired the former UA volleyball player in March to serve as student-athlete development coordinator. She had previously worked as a fundraiser for the Razorback Foundation. Dorrell has since resigned from her job with the football staff.

Because he was fired for cause, Petrino forfeited his salary of roughly $3.5 million per year through 2017. The football coach was given a seven-year contract extension at the end of the 2010 regular season, just before coaching the Razorbacks against Ohio State University in the 2011 Sugar Bowl in New Orleans.

Petrino is finding the market significantly tougher to unload his primary residence. The Petrino home at 4518 E. Bridgewater Lane in east Fayetteville, bought in March 2008 for $2.5 million, is still on the market.

It’s been listed for almost two years as the family had hoped to downsize.

The two-story, 8,741-SF home has six bedrooms and is currently listed with Kendall Riggins with Lindsey & Associates in Fayetteville for a reduced price of $1.99 million

Related posts:

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Bobby Petrino’s phone records come out April 12, 2012 – 6:50 am

Jessica Dorrell and Bobby Petrino on ESPN together in 2011 April 12, 2012 – 6:38 am

 

How about a coach swap? :Charlie Strong to Arkansas and Bobby Petrino to Louisville April 11, 2012 – 7:37 am

 

Bobby Petrino statement April 11, 2012 – 6:51 am

 

Bobby Petrino fired, but now seeking forgiveness April 11, 2012 – 6:20 am

 

Video and transcript of Jeff Long’s press conference announcing firing of Bobby Petrino April 11, 2012 – 5:53 am

 

Bobby Petrino’s arrogance led to his downfall April 10, 2012 – 3:46 pm

 

 

Petrino 911 Call – Jessica Dorrell And Bobby Petrino Refuse Help April 9, 2012 – 7:03 am

 

Earlier concerns about Petrino’s character are coming back up again April 9, 2012 – 6:24 am

 

Bobby Petrino has achieved the American Dream, but still is looking for something more April 8, 2012 – 1:46 pm

Rex Nelson speculates that Petrino may be fired because “…trust has been so broken…” April 8, 2012 – 12:06 pm

Lying about Jessica Dorrell may get Bobby Petrino in a lot of trouble April 7, 2012 – 1:38 pm

Can Bobby Petrino, Tom Brady and Coldplay all find the satisfaction they are seeking? April 6, 2012 – 2:15 pm 

Bobby Petrino to survive this wreck? April 6, 2012 – 11:08 am

Pictures of Bobby Petrino April 6, 2012 – 9:11 am

Who is Jessica Dorrell? (with pictures) April 6, 2012 – 9:06 am

Major coverage of Bobby Petrino mistake April 6, 2012 – 6:51 am

What will be Jeff Long’s decision on Bobby Petrino? April 6, 2012 – 5:36 am

Bobby Petrino admits to an affair April 6, 2012 – 4:41 am

What impact will breaking trust with Bobby Petrino’s family have? April 6, 2012 – 4:24 am

Two choices now for Bobby Petrino: Follow the path of purity or impurity

If Bobby thinks he is bruised now, then he needs to read about the guy in Proverbs 7:10-27 and what happened to him. I really am hoping that Bobby Petrino can put his marriage back together. He has a clear choice between two paths. In the sermon at Fellowship Bible Church at July 24, 2011, […]

Jessica Dorrell was taking a long ride with Bobby Petrino April 5, 2012 – 4:52 pm

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