David James - How do you **** away £20m??
Discussion
A lot of footballers who go bust either a). gamble or b). make poor investments - I would imagine its very easy to rely on the wrong advisors in their position.
I read about 1 or 2 who say they lost a lot of money in property - which in certain markets can be quite a skill.
In short I expect they were badly advised and paid top banana for poor buildings with crappy tenants or only invested in hyper high end resi - in which case £20 mill won't actually get you all that far!
I read about 1 or 2 who say they lost a lot of money in property - which in certain markets can be quite a skill.
In short I expect they were badly advised and paid top banana for poor buildings with crappy tenants or only invested in hyper high end resi - in which case £20 mill won't actually get you all that far!
accountants, agents, investment "advisors" see these kind of mugs coming. I'd imagine it's remarkably easy to piss it away in a short time. And anyone on here who says they wouldn't spunk a bunch of it while the money was still flowing in on fast cars, gratuitously expensive houses and household running costs, coke and hookers is a liar. Once the tap gets turned off s
t gets real.
t gets real. 
I bet he's still living in a big house and driving nice cars though. HRH Fergie, Kerry Katona, the Westlife bloke, Callum Best etc. They've all been declared bankrupt yet are regularly spotted in the press looking far from it.
Max Clifford too - are we really to believe he doesn't have a penny to his name (as claimed when his company was wound up) despite working with the rich and famous for decades?
Max Clifford too - are we really to believe he doesn't have a penny to his name (as claimed when his company was wound up) despite working with the rich and famous for decades?
I once shared a private flight with a premier league team. One of the young stars (18 years old and on about £10k a week) got to the bottom of the steps of the plane before realising he'd left his macbook on his seat.
Decided he couldn't be arsed to go and get it.
He then got a proper roasting off the maturnal and very much needed chaperone (for whom a macbook was probably 2 weeks gross wages) and he went to fetch it.
They are largely bereft of the value of money. It comes so young and so easily.
Decided he couldn't be arsed to go and get it.
He then got a proper roasting off the maturnal and very much needed chaperone (for whom a macbook was probably 2 weeks gross wages) and he went to fetch it.
They are largely bereft of the value of money. It comes so young and so easily.
SpeckledJim said:
They are largely bereft of the value of money. It comes so young and so easily.
This - I would also suspect they do it to look like Billy Big bks. I know a lot of guys in their mid - late 20s on decidedly middling wages who love to spend big and show off - so just imagine what they would be like if they could actually afford it! Vocal Minority said:
This - I would also suspect they do it to look like Billy Big bks. I know a lot of guys in their mid - late 20s on decidedly middling wages who love to spend big and show off - so just imagine what they would be like if they could actually afford it!
And this is my entire problem with this current VIP / Grey Goose culture we're experiencing. I don't go 'out' very often these days. If I do I'll drink a few IPAs or whatever. What I see though is groups of lads in their 20s splashing the cash like they're earning £200k a year. Its a bit sad to be honest. And desperate at best. ks. I know a lot of guys in their mid - late 20s on decidedly middling wages who love to spend big and show off - so just imagine what they would be like if they could actually afford it! I read somewhere it was "property investments that went bad"....that's quite some skill given what UK property has done over the last 15 years. My guess is he levered up hugely and got carried out in 2008. Add in a few film tax deals that loads of footballers got involved in and hey presto.
I doubt the divorce cost him "just" £3mil quid. That will have been the one off payment....he probably had four lots of school fees and maintenance to pay so somewhere in the £250k to £500k per annum bracket. If he earnt £20mil that's "only" £12mil net so you can guess that the divorce cost him £5mil to £10mil and lifestyle and a few property deals and bingo!
I doubt the divorce cost him "just" £3mil quid. That will have been the one off payment....he probably had four lots of school fees and maintenance to pay so somewhere in the £250k to £500k per annum bracket. If he earnt £20mil that's "only" £12mil net so you can guess that the divorce cost him £5mil to £10mil and lifestyle and a few property deals and bingo!
That bit is the mystery to me.
I can understand how you can burn through £20m. Stupid, but possible.
I can't really understand getting down to your last £500k and not thinking "OK, better wind it in a bit".
And I REALLY can't understand selling your CD player when you could easily be clearing £2-3k a week on the after-dinner circuit and personal appearances, modelling, coaching, TV etc.
He's a bright, articulate, talented, handsome, pleasant man (long rumoured to have been the Guardian's 'Secret Footballer') so how on earth does he end up more strapped than me?
I can understand how you can burn through £20m. Stupid, but possible.
I can't really understand getting down to your last £500k and not thinking "OK, better wind it in a bit".
And I REALLY can't understand selling your CD player when you could easily be clearing £2-3k a week on the after-dinner circuit and personal appearances, modelling, coaching, TV etc.
He's a bright, articulate, talented, handsome, pleasant man (long rumoured to have been the Guardian's 'Secret Footballer') so how on earth does he end up more strapped than me?
Gassing Station | Sports | Top of Page | What's New | My Stuff