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From Riches To Bankruptcy: Footballers Who Lost It All - Sports (2) - Nairaland 553x47

From Riches To Bankruptcy: Footballers Who Lost It All (38569 Views)

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phransix2: 3:48pm On Jan 18
Ernesthugo:
them no they use yahoo money guide u have to invest and earn a living
Who you dey tell that one?
Nonexisting1: 3:48pm On Jan 18
The major lesson to be learned is FEAR THAT GENDER.

2 Likes 1 Share

Ernesthugo(m): 3:50pm On Jan 18
i they tell those who have ears let them hear.
phransix2:

Who you dey tell that one?

2 Likes 1 Share

Softmirror: 3:50pm On Jan 18
Forumites:
This is the only time you’ve made sense.

So what should I do about your opinion?! Lol 😂
Mervingreat: 3:51pm On Jan 18
The Emmanuel Eboue case is the most foolish downfall in the entire Universe for him to offloded his entire contract cash in his wife , bruv that foolishness is number 1 in the world.

Another banger loading is that Emmanuel Adebayor his case wil soon liters social media from his free fall soon.

2 Likes 1 Share

Forumites: 3:51pm On Jan 18
Softmirror:


So what should I do about your opinion?! Lol 😂
send me ur aza make I bless you small but promise me say you no go dey disunite us here.
PopQueenAgency: 3:52pm On Jan 18
DaddyCoool:
Very, very easy for this to happen.
It's almost always a curse to come into excess money while too young and inexperienced. It can destroy your life

Very true, DaddyCoochie.

1 Like

Procashtips(m): 3:53pm On Jan 18
Almost everyone on the list aren't poor nor bankrupt.

Hungry bloggers everywhere.

Poor man trying to write about wealth.

3 Likes 1 Share

Softmirror: 3:53pm On Jan 18
Forumites:
send me ur aza make I bless you small but promise me say you no go dey disunite is here.

Lol 😂. You that is always complaining of hunger. 😂
Forumites: 3:58pm On Jan 18
Softmirror:


Lol 😂. You that is always complaining of hunger. 😂
Hunger no dey Sweden. 😂
Onewazobia(m): 3:58pm On Jan 18
Wealthoptulent:
Na only Eboue own pained me, as e go sign Documents to bequeath his sweat asset to a 🐈.. na why I no dey discuss, sign or promise when I no NORMAL, either na jogo, jogodo or asleep or during kplẹkplẹ kplẹ (gbenshing).
As a married man I don't encourage my wife for Midnight settlement any thing u wan apologosie or discuss make e be DAY LIGHT, MIDNIGHT as always bn Evil from Bible days: “While men slept, his enemy came and sowed tares among the wheat” Matt: 13 vs 24
So if no fit use midnight sowed tares in her punana wheat, make all matter turn DAY LIGHT

Men must learn by force by fire
Zooboy: 3:58pm On Jan 18
Forumites:
send me ur aza make I bless you small but promise me say you no go dey disunite us here.
Konquest: 3:59pm On Jan 18
Akinpedia:
The glamorous world of professional football often paints a picture of immense wealth and luxury.

However, the reality for many players is a stark contrast, with financial mismanagement, extravagant lifestyles, and unforeseen circumstances leading to devastating financial ruin.

This thread explores the unfortunate cases of several high-profile footballers who, despite earning millions, found themselves facing bankruptcy and financial hardship.

Ronaldinho Gaúcho: The Brazilian magician, once a global icon, was shockingly found to have only €5 in his bank in 2020. He was even arrested and detained for entering Paraguay with a fake port. This incident highlighted a pattern of financial mismanagement and alleged fraud.

Taribo West: The flamboyant Nigerian defender, known for his eccentric hairstyles, amassed considerable wealth during his career with top European clubs. However, he reportedly lost millions through ill-advised investments and extravagant spending. He has since embraced a new life as a pastor.

Celestine Babayaro: The former Chelsea and Newcastle left-back faced severe financial difficulties in 2011, with creditors relentlessly pursuing him for unpaid debts. This situation serves as a stark reminder of the precarious financial situations many footballers face after retirement.

Eric Djemba Djemba: The former Manchester United midfielder declared bankruptcy in 2007. Despite earning significant sums, he struggled to manage his finances, with numerous loans and extravagant spending draining his resources.

John Arne Riise: The Norwegian full-back, known for his powerful left foot, also faced bankruptcy in 2007 due to failed business ventures, including a hotel. This highlights the risks associated with diversifying investments outside of football.

Diego Maradona: The legendary Argentine, arguably one of the greatest footballers of all time, faced bankruptcy in 2009 due to significant unpaid taxes from his time at Napoli. This case underscores the importance of sound financial planning and tax management.

David James: The former England goalkeeper experienced a dramatic fall from grace, losing much of his fortune after a divorce. He was forced to auction off personal belongings to make ends meet, a humbling experience for a player who once enjoyed a life of luxury.

Royston Drenthe: The former Real Madrid winger filed for bankruptcy in 2022, revealing staggering losses of over £3.2 million. His story serves as a cautionary tale about the dangers of impulsive spending and poor financial decisions.

Asamoah Gyan: The Ghanaian striker, once one of Africa's highest-paid footballers, declared he had only £600 in his bank during a divorce proceeding. He also faced challenges due to assets being held in his brother's name, complicating the financial settlement.

Emmanuel Eboue: The former Arsenal and Galatasaray defender suffered a tragic fall from grace. He lost all his assets to his wife after a divorce, as he unknowingly signed documents that transferred ownership to her. This heartbreaking case highlights the importance of legal and financial counsel when navigating personal and marital matters.

Lessons to be Learned:

These cases underscore the importance of:

Financial education and literacy: Players need access to quality financial advice and education to make informed decisions about their earnings.

Sound financial planning and management: Diversification of investments, prudent spending habits, and tax planning are crucial for long-term financial security.

Professional financial guidance: Engaging with qualified financial advisors can help players navigate complex financial situations and make informed investment decisions.

Protecting assets and income: Players should ensure their assets are properly protected and that they have adequate insurance coverage.

While these cases highlight the unfortunate realities faced by some footballers, they also serve as valuable lessons for aspiring and current players.

By prioritizing financial education and making informed decisions, players can safeguard their future and avoid the pitfalls that have led to financial ruin for others.

Disclaimer: This post is for informational purposes only and should not be considered financial advice.
Judolisco(m): 4:00pm On Jan 18
Ronaldinho isn't broke.....lol dey play grin

1 Like

lagonovo: 4:03pm On Jan 18
Wilson Oruma should be top of the list. Reportedly duped by his own pastor.

ARISHEM:
This is so sad. Wilson Oruma loss which was not mentioned was the one that pain me . One Nigerian Pastor brainwashed him to one investment and that was it for him.

Hakimi must have researched all this before getting married to wisely do make provision and do the needful. Religious people are the ones arguing and disagreeing to Hakimi’s actions. I don’t know why

lereinter(m): 4:08pm On Jan 18
ProudNigerian01:
Sound financial management is important but people easily forget the place of God in things like this.

First, you can't even get the wealth in the first place if God did not okay it. Forget all these people claiming atheist, those of them that became rich, na God still run am (Matt.5.45 - that you may be sons of your Father in heaven; for He makes His sun rise on the evil and on the good, and sends rain on the just and on the unjust.
).

No matter how smart or gifted you are, a time will come when your gift or smartness won't be enough to sustain your wealth, that's the time you will realise that all blessings come from God, not effort.

My point is, learn to recognise God in your blessings and be thankful to Him. Trust him to keep it for you and bring in more.

In all, repent and fear God:

Eccl.12.13 - Let us hear the conclusion of the whole matter: Fear God and keep His commandments, For this is man's all.

The devil can give you money, you can use crafty means, even your smartness or human sense

Stop sillyly attributing money to God, which currency does God use

You even turn pr for atheist, in order to buttress fallacy

Funny 🤡 pastor - go and sit down you be pure babe Christian

1 Like

Smilleydr(m): 4:18pm On Jan 18
AllBlack:


Read well, many of them went down due to investment that turned out sour. This can happen to anybody.
As the man up there says, s only God that can keep ur wealth no matter how smarter you are, we see people we dey invest and everything of there investment liquidate, may that not be out potion.

Spiritual s also fuckin real, so we just need to close to God.
McLizbae: 4:24pm On Jan 18
Na Eboue I pity ...

2 Likes

Omalicious1: 4:24pm On Jan 18
Akinpedia:
The glamorous world of professional football often paints a picture of immense wealth and luxury.

However, the reality for many players is a stark contrast, with financial mismanagement, extravagant lifestyles, and unforeseen circumstances leading to devastating financial ruin.

This thread explores the unfortunate cases of several high-profile footballers who, despite earning millions, found themselves facing bankruptcy and financial hardship.

Ronaldinho Gaúcho: The Brazilian magician, once a global icon, was shockingly found to have only €5 in his bank in 2020. He was even arrested and detained for entering Paraguay with a fake port. This incident highlighted a pattern of financial mismanagement and alleged fraud.

Taribo West: The flamboyant Nigerian defender, known for his eccentric hairstyles, amassed considerable wealth during his career with top European clubs. However, he reportedly lost millions through ill-advised investments and extravagant spending. He has since embraced a new life as a pastor.

Celestine Babayaro: The former Chelsea and Newcastle left-back faced severe financial difficulties in 2011, with creditors relentlessly pursuing him for unpaid debts. This situation serves as a stark reminder of the precarious financial situations many footballers face after retirement.

Eric Djemba Djemba: The former Manchester United midfielder declared bankruptcy in 2007. Despite earning significant sums, he struggled to manage his finances, with numerous loans and extravagant spending draining his resources.

John Arne Riise: The Norwegian full-back, known for his powerful left foot, also faced bankruptcy in 2007 due to failed business ventures, including a hotel. This highlights the risks associated with diversifying investments outside of football.

Diego Maradona: The legendary Argentine, arguably one of the greatest footballers of all time, faced bankruptcy in 2009 due to significant unpaid taxes from his time at Napoli. This case underscores the importance of sound financial planning and tax management.

David James: The former England goalkeeper experienced a dramatic fall from grace, losing much of his fortune after a divorce. He was forced to auction off personal belongings to make ends meet, a humbling experience for a player who once enjoyed a life of luxury.

Royston Drenthe: The former Real Madrid winger filed for bankruptcy in 2022, revealing staggering losses of over £3.2 million. His story serves as a cautionary tale about the dangers of impulsive spending and poor financial decisions.

Asamoah Gyan: The Ghanaian striker, once one of Africa's highest-paid footballers, declared he had only £600 in his bank during a divorce proceeding. He also faced challenges due to assets being held in his brother's name, complicating the financial settlement.

Emmanuel Eboue: The former Arsenal and Galatasaray defender suffered a tragic fall from grace. He lost all his assets to his wife after a divorce, as he unknowingly signed documents that transferred ownership to her. This heartbreaking case highlights the importance of legal and financial counsel when navigating personal and marital matters.

Lessons to be Learned:

These cases underscore the importance of:

Financial education and literacy: Players need access to quality financial advice and education to make informed decisions about their earnings.

Sound financial planning and management: Diversification of investments, prudent spending habits, and tax planning are crucial for long-term financial security.

Professional financial guidance: Engaging with qualified financial advisors can help players navigate complex financial situations and make informed investment decisions.

Protecting assets and income: Players should ensure their assets are properly protected and that they have adequate insurance coverage.

While these cases highlight the unfortunate realities faced by some footballers, they also serve as valuable lessons for aspiring and current players.

By prioritizing financial education and making informed decisions, players can safeguard their future and avoid the pitfalls that have led to financial ruin for others.

Disclaimer: This post is for informational purposes only and should not be considered financial advice.

In a country like Nigeria where extravagant spending and flashy luxury lifestyle is practiced as if it were a religion, we will never learn however na only 1% go learn.

1 Like

Yankee101: 4:42pm On Jan 18
That’s why I feel sorry for musicians dropping bands of dollars for drinks

You’ll ruin your health and your finances

No musicians stay on top forever
yomi531(m): 4:53pm On Jan 18
Akinpedia:
The glamorous world of professional football often paints a picture of immense wealth and luxury.

However, the reality for many players is a stark contrast, with financial mismanagement, extravagant lifestyles, and unforeseen circumstances leading to devastating financial ruin.

This thread explores the unfortunate cases of several high-profile footballers who, despite earning millions, found themselves facing bankruptcy and financial hardship.

Ronaldinho Gaúcho: The Brazilian magician, once a global icon, was shockingly found to have only €5 in his bank in 2020. He was even arrested and detained for entering Paraguay with a fake port. This incident highlighted a pattern of financial mismanagement and alleged fraud.

Taribo West: The flamboyant Nigerian defender, known for his eccentric hairstyles, amassed considerable wealth during his career with top European clubs. However, he reportedly lost millions through ill-advised investments and extravagant spending. He has since embraced a new life as a pastor.

Celestine Babayaro: The former Chelsea and Newcastle left-back faced severe financial difficulties in 2011, with creditors relentlessly pursuing him for unpaid debts. This situation serves as a stark reminder of the precarious financial situations many footballers face after retirement.

Eric Djemba Djemba: The former Manchester United midfielder declared bankruptcy in 2007. Despite earning significant sums, he struggled to manage his finances, with numerous loans and extravagant spending draining his resources.

John Arne Riise: The Norwegian full-back, known for his powerful left foot, also faced bankruptcy in 2007 due to failed business ventures, including a hotel. This highlights the risks associated with diversifying investments outside of football.

Diego Maradona: The legendary Argentine, arguably one of the greatest footballers of all time, faced bankruptcy in 2009 due to significant unpaid taxes from his time at Napoli. This case underscores the importance of sound financial planning and tax management.

David James: The former England goalkeeper experienced a dramatic fall from grace, losing much of his fortune after a divorce. He was forced to auction off personal belongings to make ends meet, a humbling experience for a player who once enjoyed a life of luxury.

Royston Drenthe: The former Real Madrid winger filed for bankruptcy in 2022, revealing staggering losses of over £3.2 million. His story serves as a cautionary tale about the dangers of impulsive spending and poor financial decisions.

Asamoah Gyan: The Ghanaian striker, once one of Africa's highest-paid footballers, declared he had only £600 in his bank during a divorce proceeding. He also faced challenges due to assets being held in his brother's name, complicating the financial settlement.

Emmanuel Eboue: The former Arsenal and Galatasaray defender suffered a tragic fall from grace. He lost all his assets to his wife after a divorce, as he unknowingly signed documents that transferred ownership to her. This heartbreaking case highlights the importance of legal and financial counsel when navigating personal and marital matters.

Lessons to be Learned:

These cases underscore the importance of:

Financial education and literacy: Players need access to quality financial advice and education to make informed decisions about their earnings.

Sound financial planning and management: Diversification of investments, prudent spending habits, and tax planning are crucial for long-term financial security.

Professional financial guidance: Engaging with qualified financial advisors can help players navigate complex financial situations and make informed investment decisions.

Protecting assets and income: Players should ensure their assets are properly protected and that they have adequate insurance coverage.

While these cases highlight the unfortunate realities faced by some footballers, they also serve as valuable lessons for aspiring and current players.

By prioritizing financial education and making informed decisions, players can safeguard their future and avoid the pitfalls that have led to financial ruin for others.

Disclaimer: This post is for informational purposes only and should not be considered financial advice.
Wilson Oruma nko?
Dpaulie(m): 4:55pm On Jan 18
Softmirror:
These are not factual. They are social media tales by moon light.
Apt
Morenikeji090(m): 4:56pm On Jan 18
Yes but also not true… it’s only a daft and slowpoke child such words attain to.
datola:
Yourubas say: owo t'omode.. ba koko.. ri.. akara.. lo.. fi n je

Translated: the first money made by a child is used to buy akara.

1 Like

Bolu004(m): 5:03pm On Jan 18
You forgot to add Wilson Oruma

1 Like 1 Share

dinachi(m): 5:04pm On Jan 18
Akinpedia:
The glamorous world of professional football often paints a picture of immense wealth and luxury.

However, the reality for many players is a stark contrast, with financial mismanagement, extravagant lifestyles, and unforeseen circumstances leading to devastating financial ruin.

This thread explores the unfortunate cases of several high-profile footballers who, despite earning millions, found themselves facing bankruptcy and financial hardship.

Ronaldinho Gaúcho: The Brazilian magician, once a global icon, was shockingly found to have only €5 in his bank in 2020. He was even arrested and detained for entering Paraguay with a fake port. This incident highlighted a pattern of financial mismanagement and alleged fraud.

Taribo West: The flamboyant Nigerian defender, known for his eccentric hairstyles, amassed considerable wealth during his career with top European clubs. However, he reportedly lost millions through ill-advised investments and extravagant spending. He has since embraced a new life as a pastor.

Celestine Babayaro: The former Chelsea and Newcastle left-back faced severe financial difficulties in 2011, with creditors relentlessly pursuing him for unpaid debts. This situation serves as a stark reminder of the precarious financial situations many footballers face after retirement.

Eric Djemba Djemba: The former Manchester United midfielder declared bankruptcy in 2007. Despite earning significant sums, he struggled to manage his finances, with numerous loans and extravagant spending draining his resources.

John Arne Riise: The Norwegian full-back, known for his powerful left foot, also faced bankruptcy in 2007 due to failed business ventures, including a hotel. This highlights the risks associated with diversifying investments outside of football.

Diego Maradona: The legendary Argentine, arguably one of the greatest footballers of all time, faced bankruptcy in 2009 due to significant unpaid taxes from his time at Napoli. This case underscores the importance of sound financial planning and tax management.

David James: The former England goalkeeper experienced a dramatic fall from grace, losing much of his fortune after a divorce. He was forced to auction off personal belongings to make ends meet, a humbling experience for a player who once enjoyed a life of luxury.

Royston Drenthe: The former Real Madrid winger filed for bankruptcy in 2022, revealing staggering losses of over £3.2 million. His story serves as a cautionary tale about the dangers of impulsive spending and poor financial decisions.

Asamoah Gyan: The Ghanaian striker, once one of Africa's highest-paid footballers, declared he had only £600 in his bank during a divorce proceeding. He also faced challenges due to assets being held in his brother's name, complicating the financial settlement.

Emmanuel Eboue: The former Arsenal and Galatasaray defender suffered a tragic fall from grace. He lost all his assets to his wife after a divorce, as he unknowingly signed documents that transferred ownership to her. This heartbreaking case highlights the importance of legal and financial counsel when navigating personal and marital matters.

Lessons to be Learned:

These cases underscore the importance of:

Financial education and literacy: Players need access to quality financial advice and education to make informed decisions about their earnings.

Sound financial planning and management: Diversification of investments, prudent spending habits, and tax planning are crucial for long-term financial security.

Professional financial guidance: Engaging with qualified financial advisors can help players navigate complex financial situations and make informed investment decisions.

Protecting assets and income: Players should ensure their assets are properly protected and that they have adequate insurance coverage.

While these cases highlight the unfortunate realities faced by some footballers, they also serve as valuable lessons for aspiring and current players.

By prioritizing financial education and making informed decisions, players can safeguard their future and avoid the pitfalls that have led to financial ruin for others.

Disclaimer: This post is for informational purposes only and should not be considered financial advice.
Idiots. And simps the whole lot of them. They believed in love and women. See where they are today. I hope other simps are watching.
ednut1(m): 5:10pm On Jan 18
I watched a show around 2003-2004 about Nigerian footballers house and lifestyle. Babangida shower his wardrobe and said he wears his designer boxers once and throws away. I bet now buy normal ones and rewash 😂

wilsom oruma, ifeanyi udeze, babangida etc are also now broke e no easy

1 Like 1 Share

ednut1(m): 5:13pm On Jan 18
dinachi:

Idiots. And simps the whole lot of them. They believed in love and women. See where they are today. I hope other simps are watching.
from this list only 3 was due to woman. Majority is extravagant lifestyle and bad investment decisions

1 Like

DimIsaac10(m): 5:30pm On Jan 18
Lies.......


People that are balling.
Dey play
Aguiyimba(m): 5:36pm On Jan 18
TechCapon:
grin
Ebue story is an embodiment of foolishness and mumuness.. Pathetic idiot bastard


Wiseman

1 Like

AK481(m): 6:06pm On Jan 18
some of them hide their money to reduce divorce settlement .
ronldinhno have made a name that he cant be poor .. most sport companies and betting site will still love to have him for them .
rummmy: 6:11pm On Jan 18
Old and stale news...
AlfaSeltzer(m): 6:11pm On Jan 18
See people wey never see 500 naira buy coke and okpa dey here dey cry for millionares. embarassed

1 Like

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