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I thought it was back in the spring. his wife left him and it costs a fortune in the divorce settlement. Then, a bit like what'sisname off westlife, he overinvested in real property, which left him in breach of his loan-to-value covenants with funders. and the modelling work dried up. it's quite common for footballers and popstars be able to fritter away £20m in a matter of years, especially if they are badly advised or refuse to follow advice.
DiS BREAKING NEWS!
I googled in order to not use the Daily Express link that Facebook was offering me.
The story must be rebooted for some reason.
I thought you were just catching up on your old copies of the Telegraph. We've all been there.
More contemporary link
New news to me.
I wasn't meaning to be snippy. I think it has come into the news because he's aucitioning off memorabilia just now. literally selling the shirt off his back :*(
there's some skill in that no?
And I hadn't exactly covered myself in glory with a six month old link.
they are encouraged to take a more bullish approach to how they invest their money because they are seen as being able to afford to be. it doesn't just sit in a tin box under their bed, being eaten away at by inflation. A lot of it will be invested in higher risk markets than you or I would invest our pensions into. Also- greed. Also- these kind of people tend to marry about 5 times, which costs you a lot of money.
it just seems incredibly stupid
prior to the slump. I know the bloody feeling, you buy at the top end of the market thinking that the bubble of price inflation will keep growing, then it bursts and you've paid 10 million for property using 6 million bank funding, and the properties are only worth 5m.
With Neil Ruddock talking about how weird David James was. Apparently David James used to take a tiny keyboard with him on international breaks and play it in the evenings.
Seems as good a place as any to share David James memories.
I vaguely remember something about him putting someone in a kit bin or something
and my mate looked over my shoulder and said "seen his cock, it's pretty big".
Turns out he had him confused with the guy that was in 9 Songs. Which is weird because they look nothing alike.
People used to call the magazines the "colour supplements" because the rest of the paper was B&W. Just outed myself as old and weird - hope that doesn't break too many hearts.
makes me sick
who made hundreds of millions of dollars, but now he's broke. except, one of his endorsement contracts from back in the day set aside 30 million into a trust fund that he can't touch until he's 55.
he's lucky his agent wrangled that in a deal, but there really should be some kind of effective pay-in system for young athletes to insure on the inevitable. they do get generous pensions but that's not the same.
Because he insured it against the league folding (which it did in 1985).
his star player is Michael Chopra
need to get rid of some hefty bills, start again and don't worry, I buried a million in a ditch near the ground in India so I am alright, type of way.
His sale of stuff doesn't look desperate like the press are making out, just looks like a bloke getting rid of a few bits and bobs.