K.A.I 36,183 Posted July 24, 2017 Share Posted July 24, 2017 How can someone who made good money in his prime like he did over a studded career end up going bankrupt? he went bankrupt owing 1.4 million according to The Sun article, I get footballers become accustomed to a certain standard of living at their peak and they find it difficult to adapt when the money dries up, but I just don't get how someone can go from earning millions per year to going bankrupt like that. Don't really like the guy but wouldn't wish that on him, obviously. Quote Link to post Share on other sites More sharing options...
Juniorsparkie 491 Posted July 24, 2017 Share Posted July 24, 2017 My mate always said that John Terry would the first of the funny money Brigade to go tits up. Is this pre-emptive about EBT's hiding the dosh ?  Quote Link to post Share on other sites More sharing options...
smartypants 4,416 Posted July 24, 2017 Share Posted July 24, 2017 More than likely gambling imo. Quote Link to post Share on other sites More sharing options...
OneDavidCooper 2,505 Posted July 24, 2017 Share Posted July 24, 2017 Sad and inexplicable. Quote Link to post Share on other sites More sharing options...
boyd09 390 Posted July 24, 2017 Share Posted July 24, 2017 Just now, K.A.I said: How can someone who made good money in his prime like he did over a studded career end up going bankrupt? he went bankrupt owing 1.4 million according to The Sun article, I get footballers become accustomed to a certain standard of living at their peak and they find it difficult to adapt when the money dries up, but I just don't get how someone can go from earning millions per year to going bankrupt like that. Don't really like the guy but wouldn't wish that on him, obviously. I thought he had few  property's in Dubai ,it must be something to do with possible tax Bill crazy how they lose money most of us can only dream about Quote Link to post Share on other sites More sharing options...
OneDavidCooper 2,505 Posted July 24, 2017 Share Posted July 24, 2017 1 minute ago, Juniorsparkie said: My mate always said that John Terry would the first of the funny money Brigade to go tits up. Is this pre-emptive about EBT's hiding the dosh ?  His spending was certainly off the scale at one time but I understand he has it more under control now. Quote Link to post Share on other sites More sharing options...
MrMckee 3,397 Posted July 24, 2017 Share Posted July 24, 2017 Like smartypants said above must be gambling or some other addiction to spunk all that money Quote Link to post Share on other sites More sharing options...
Tenerife Bear 1,748 Posted July 24, 2017 Share Posted July 24, 2017 Easy to see why he was so desperate to get back on our payroll and is now so bitter about not getting the gig. Quote Link to post Share on other sites More sharing options...
K.A.I 36,183 Posted July 24, 2017 Author Share Posted July 24, 2017 Says it was money owed to the taxman - no indication of EBT's. I just always tend to look at it like each million you earn, bank it. OK interest rates aren't great but I read before you still get over 40k per year interest for a million that's in the bank ... surely he's a had a few million in the bank and the interest on the millions more than covers mortgage payments for big house, nice car, a good living etc. Or is that too simplistic? Quote Link to post Share on other sites More sharing options...
OneDavidCooper 2,505 Posted July 24, 2017 Share Posted July 24, 2017 1 minute ago, Tenerife Bear said: Easy to see why he was so desperate to get back on our payroll and is now so bitter about not getting the gig. Is he bitter? Quote Link to post Share on other sites More sharing options...
Tenerife Bear 1,748 Posted July 24, 2017 Share Posted July 24, 2017 1 minute ago, OneDavidCooper said: Is he bitter? Just a tad. Quote Link to post Share on other sites More sharing options...
PromDeAnglais 5,446 Posted July 24, 2017 Share Posted July 24, 2017 He went bankrupt twice? FS. Newco Newco Barry Ferguson. Quote Link to post Share on other sites More sharing options...
OneDavidCooper 2,505 Posted July 24, 2017 Share Posted July 24, 2017 2 minutes ago, Tenerife Bear said: Just a tad. How do we know? (Genuine question by the way, not being argumentative) Quote Link to post Share on other sites More sharing options...
Coplandrear25 232 Posted July 24, 2017 Share Posted July 24, 2017 Nedette wife and in-laws. Quote Link to post Share on other sites More sharing options...
RFC55 107,779 Posted July 24, 2017 Share Posted July 24, 2017 tbf you can go bankrupt and have a nice stash of dosh. Quote Link to post Share on other sites More sharing options...
piperpete 3,186 Posted July 24, 2017 Share Posted July 24, 2017 There will be majy doing the same putting their finances in a place the taxman cant get it. Quote Link to post Share on other sites More sharing options...
Polo 1,427 Posted July 24, 2017 Share Posted July 24, 2017 Strange one. I'm sure it was reported back in the day that he'd been quite sensible with his cash - making property investments etc rather than spunking it away. Sad. Quote Link to post Share on other sites More sharing options...
ForeverAndEver 70,939 Posted July 24, 2017 Share Posted July 24, 2017 Hopefully get's himself sorted. Hero. Quote Link to post Share on other sites More sharing options...
harlands plater 16,933 Posted July 24, 2017 Share Posted July 24, 2017 He bought the Popinjay Hotel in Rosebank a few years ago. Quote Link to post Share on other sites More sharing options...
Courtyard Bear 41,357 Posted July 24, 2017 Share Posted July 24, 2017 First thought would be he laid a tonne of money out on property and then the market crashed Quote Link to post Share on other sites More sharing options...
Tenerife Bear 1,748 Posted July 24, 2017 Share Posted July 24, 2017 3 minutes ago, OneDavidCooper said: How do we know? (Genuine question by the way, not being argumentative) I read a few threads, columns, interviews and articles on here actually of him speaking about Pedro and the club etc. Didn't come across well at all. Maybe i was reading them wrong but he came across like a wee prick scorned. I could also be biased as i don't like him. Quote Link to post Share on other sites More sharing options...
K.A.I 36,183 Posted July 24, 2017 Author Share Posted July 24, 2017 7 minutes ago, Rfc52 said: tbf you can go bankrupt and have a nice stash of dosh. You need to really trust your family and friends and cover your arse there's paper trails for everything. Or bury it all in a safe. Quote Link to post Share on other sites More sharing options...
markem 7,238 Posted July 24, 2017 Share Posted July 24, 2017 22 minutes ago, K.A.I said: How can someone who made good money in his prime like he did over a studded career end up going bankrupt? he went bankrupt owing 1.4 million according to The Sun article, I get footballers become accustomed to a certain standard of living at their peak and they find it difficult to adapt when the money dries up, but I just don't get how someone can go from earning millions per year to going bankrupt like that. Don't really like the guy but wouldn't wish that on him, obviously. I'd guess money will be stashed and Barry is perhaps finding ways to avoid imminent bills. Guess work on my part but I reckon when guys like him go bankrupt it's a different thing from the average guy on the street. Did read a wee bit about it when 50 cent was declared bankrupt as got to thinking the exact same questions. Quote Link to post Share on other sites More sharing options...
EMRFC 4,756 Posted July 24, 2017 Share Posted July 24, 2017 Could be a case of being delclared bankrupt so he doesn't have to pay a massive fine or something like that, I have no idea what I'm talking about but 50 Cent was declared bankrupt just so he didn't have to pay a tax bill or some shit when he's clearly not bankrupt. Â I don't even know what I'm talking about Quote Link to post Share on other sites More sharing options...
Smile 26,592 Posted July 24, 2017 Share Posted July 24, 2017 Not a believable story unless all his investments in Dubai went tits up I'm sure he will have a good wedge squirrelled away. Quote Link to post Share on other sites More sharing options...
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