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Former England Goalkeeper David James Declared Bankrupt

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Bad property investments and a divorce to blame.

http://www.telegraph.co.uk/finance/personalfinance/fameandfortune/10835644/Former-England-footballer-David-James-declares-himself-bankrupt.html


David James, who just four years ago was England’s number one goalkeeper in the 2010 World Cup, has declared himself bankrupt.


According to a report in The Sun he built up debts following a costly divorce from his wife Tanya in 2005.


The goalkeeper reportedly earned £20 million in his 25-year career, in which he played for several Premier League clubs, including Liverpool and Manchester City.

The 43-year-old also secured other lucative contracts in his career, contributing to that total, including working as a model for Armani.

But despite investing his earnings in several properties Mr James filed a debtor’s petition at Hertford County Court last week.

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You have to really try your best to ****** up in property with all the government tailwinds of the last ten years.

Staggering how someone can ****** up so spectacularly really.

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Before feeling sorry for him, I'd like to see where he lives and what car he's driving.

I don't trust these 'poor bankrupt' stories where you're supposed to feel schadenfreude or that he's such a numpty. I would like to know his total financial position first before deciding he's scored a huge own goal. Grant Bovey is my measure.

EDIT: Good comment in the Telegraph noting that Gordon Banks never had a problem.

Indeed. Plenty of other examples of convenient bankruptcies to protect greater wealth. Kerry Katona?

Just like for people in the real world, the current bankruptcy laws are more like a financial planning tool than the last resort that they should be.

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Something like 80% of US basketball stars wind up bankrupt. Mostly apparently due to the cost of their huge entourages.

So they may be rich, but people find sports stars company so dis-pleasurable they actually have to pay people to spend time with them. I think they get scripted most the time, but sometimes you see interviews where they don't have a teleprompter, and the average footballer can barely string a sentence together, so its not surprising their company isnt valued.

They think theyre gods. Only today in the paper a girl is disiplined for speaking the truth about odious plank John Terry. Companies should really pay staff a bonus for having to occupy the same room as any Terry family member.

http://www.dailymail.co.uk/sport/football/article-2630288/Shop-girl-suspended-calling-John-Terry-pig-disgrace-conversation-overhead-Chelsea-star.html

That'll do for todays rant.

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:D see what I mean, he's driving a stretch limo

that'll do to kick off with

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Did his investments dive to the left or the right?

I dont think he cornered any market in particular.

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I think he spent all his money on PlayStation games.

He should've gone online and picked them up from the net.

Edited by rantnrave

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Before feeling sorry for him, I'd like to see where he lives and what car he's driving.

He bought a horsebox from my aunty a few years ago.

Rocked up in a Bentley.

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I think he spent all his money on PlayStation games.

non...it was someone elses money...someone else forwarded it believing they were getting it full back, and interest in two halves.

Edited by Bloo Loo

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Before feeling sorry for him, I'd like to see where he lives and what car he's driving.

I don't trust these 'poor bankrupt' stories where you're supposed to feel schadenfreude or that he's such a numpty. I would like to know his total financial position first before deciding he's scored a huge own goal. Grant Bovey is my measure.

EDIT: Good comment in the Telegraph noting that Gordon Banks never had a problem.

I went to view a house for rent in Hertfordshire, and the agent mentioned that David James was the previous tenant. He also made a comment that there are always ways to get a tenant out of a long-term lease. I only realized the meaning of that statement after I remembered this post.

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Slightly off topic but came across this today ( for fans of I'm a celebrity ):

http://www.birminghammail.co.uk/sport/football/football-news/jimmy-bullard-joins-im-celebrity-8096519

"

Jimmy Bullard joins I'm a Celebrity after losing £650k in investment

"

Former midfielder is apparently one of the players who lost thousands of pounds in a failed ‘Ponzi’ scheme

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I went to view a house for rent in Hertfordshire, and the agent mentioned that David James was the previous tenant. He also made a comment that there are always ways to get a tenant out of a long-term lease. I only realized the meaning of that statement after I remembered this post.

Bankruptcy would be one of those ways.

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