Friedel, Riise and other footballers that have gone bankrupt

Neil Walsh looks at well-paid stars who have suffered financial pitfalls

Friedel, Riise and other footballers that have gone bankrupt
Author image
Raf Diallo
11:12 Sunday 14 April 2013

Earlier this week, Ger interviewed Simon Kuper of the Financial Times about the large number of ex-professionals that file for bankruptcy shortly after they retire from the game.

Financial mismanagement, unscrupulous advisors and gambling issues are often major causes of the problem.

Neil Walsh looks at the reasons why five current and former Premier League players have been forced to declare bankruptcy...

 

Lee Hendrie

Lee Hendrie, now 35, was once considered one of the top up-and-coming midfielders and was heavily tipped for a big career. Despite some solid displays in a Villa jersey, the big career that was expected never really materialised. Now seven years after his last appearance for Aston Villa, he is playing football in the conference, bankrupt and has tried to take his own life on two occasions.

Brad Friedel

The Tottenham keeper, who is now second choice behind Hugo Lloris, found himself in a spot of bother while playing for Aston Villa after being declared bankrupt back in 2011. The mounting debts, which added up to a hefty £5 million, were a result of the purchase of a 28 acre Premier Soccer Academy which he insisted he was not making money off.

John Arne Riise

The ex Liverpool man, who currently plays his trade at Craven Cottage with Fulham, was declared bankrupt bank in 2007. The bankruptcy order is understood to be issued after a debt of around £100,000 was not paid. This comes after the player went through with failed business enterprises, which included a hotel.

Eric Djemba Djemba

His playing career at Man United wasn’t memorable but his name certainly is. The Cameroonian also enjoyed stints at Aston Villa and Burnley and currently plays with Hapoel Tel Aviv. Djemba-Djemba’s bankruptcy came from ridiculous spending. At one stage, he owned 10 4x4 cars, sending large pieces of furniture back to Cameroon and giving away money to a range of hangers-on.

Jason Euell

Jason Euell, 36, who rejoined Charlton Athletic back in 2011 and is currently with AFC Wimbledon on loan, filed for bankruptcy after discovering he was the victim of fraud. He realised his signature had been forged on to documents after a business he set up with a friend failed.

 

Neil Walsh

comments powered by Disqus
  • newstalk.com image

    VIDEO: New Irish card which can be used instead of your passport is...

    newstalk.com image

    Some popular British chocolates will no longer be available in the...

    newstalk.com image

    Don't abandon that winter jacket yet, there's more snow on...

    newstalk.com image

    Alexis Tsipras is sworn in as Greece's new prime minister

    newstalk.com image

    Lowry: "I've never heard of a situation where a woman took...

    newstalk.com image

    Mary-Lou McDonald says SF does not want to dismantle Irish Water

    newstalk.com image

    Want to take a train to Dublin Airport? It might happen soon

    newstalk.com image

    David Cameron hoax caller was high "on booze and cocaine"

    newstalk.com image

    Michael Lowry reportedly asks Taoiseach to appoint 'good...

    newstalk.com image

    Poll casts doubt over lead of Yes side in gay marriage referendum

  • newstalk.com image

    Carver stakes a claim at Newcastle until summer

    newstalk.com image

    'The first half was a bit of a shock to the system' - Jason...

    newstalk.com image

    AUDIO: The training we did to win Sam Maguire was 'not...

    newstalk.com image

    VINE: Ronaldo and Mexes go loco

    newstalk.com image

    Djokovic marches straight on into the last eight

    newstalk.com image

    Walsh in line to feature early on in the League

    newstalk.com image

    Sturridge poised to return at Chelsea

    newstalk.com image

    Ravenhill to host Celtic League decider

    newstalk.com image

    Dubliner Yeates dreams of Bradford landing Anfield date

    newstalk.com image

    Bruised Blues still on course for the Six Nations