Football has long been known as a lucrative sport, with players earning millions of dollars in salaries, sponsorships, and endorsements. However, it’s not uncommon for footballers to face financial difficulties after retirement. Despite having earned millions during their playing careers, some players have found themselves in a situation where they are broke and struggling to make ends meet.
Ronaldinho, one of the greatest footballers of all time, is a prime example. The Brazilian legend, who won the FIFA World Cup in 2002, reportedly had only €5 in his bank account in 2018. He had been arrested in Paraguay for allegedly using a fake passport and was bailed out by his former teammate, Samuel Eto’o.
Another former footballer who faced financial difficulties is Emmanuel Eboue. The Ivorian defender, who played for Arsenal and Galatasaray, lost all his money and properties to his wife after their divorce. Eboue had signed some documents without knowing that he had willed everything to his ex-wife.
Royston Drenthe
Royston Drenthe is another player who went bankrupt after making millions in football. The Dutchman, who played for Real Madrid and Everton, filed for bankruptcy in 2019 after revealing that he had lost £3.2 million. Drenthe admitted that he had made some poor investments and had been too trusting of people.
David James, the former England goalkeeper, lost everything after his divorce. James had to auction his belongings to make money and pay off his debts.
Diego Maradona
Diego Maradona, who is widely regarded as one of the best footballers of all time, declared bankruptcy in 2009 after the Italian Tax Authority demanded that he pay around £42 million in unpaid taxes from his time as a Napoli player.
Eric Djemba Djemba
Eric Djemba Djemba, the former Manchester United midfielder, declared bankruptcy in 2007. Djemba Djemba had once had 30 bank accounts, but all his money was going towards loan repayments.
John Arne Riise
John Arne Riise, the former Liverpool defender, also declared bankruptcy in 2007 due to unpaid debts incurred from failed business enterprises, including a hotel.
Celestine Babayaro
Celestine Babayaro, the former Chelsea defender, was declared bankrupt in 2011. Creditors were chasing him up and down for payments.
Taribo West
Taribo West, the former Nigerian defender, lost millions after playing for big clubs in Europe. Some claim he made a bad investment in his marriage, and he is now a pastor.
Final Thoughts
The stories of these footballers serve as a cautionary tale to current and future players. It’s important for them to manage their finances wisely and invest in reliable businesses. Footballers should also surround themselves with trustworthy people who can advise them on financial matters. Ultimately, they need to realize that their careers as footballers will not last forever, and they need to plan for life after retirement.
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