The CableGuy
Well-Known Member
http://www.mirror.co.uk/news/uk-news/john-salako-bankrupt-former-premier-1830091
Former Premier League star and Sky Sports pundit John Salako is bankrupt.
The one-time England striker lost his fortune in a series of bad investments.
Salako, who played in the top flight for Crystal Palace, Charlton and Coventry, is the latest in a string of high-profile footballers to go bust despite their huge salaries.
And experts predict up to 100 top footballers could lose £150million between them after following poor financial advice and ploughing money into complex tax-saving schemes with investments in property, films and even diamonds.
Publicly available documents reveal dad-of-three Salako, 44, put more than £400,000 into two film firms which dissolved in 2010. His company John Salako Enterprises Limited was wound up in February by the taxman due to unpaid bills.
Salako, who lives with his *family in a £1.1million home in Surrey, petitioned for bankruptcy in a voluntary arrangement. He now works as a matchday correspondent on Sky’s Soccer Saturday programme. He said he did not wish to comment.
Former Premier League star and Sky Sports pundit John Salako is bankrupt.
The one-time England striker lost his fortune in a series of bad investments.
Salako, who played in the top flight for Crystal Palace, Charlton and Coventry, is the latest in a string of high-profile footballers to go bust despite their huge salaries.
And experts predict up to 100 top footballers could lose £150million between them after following poor financial advice and ploughing money into complex tax-saving schemes with investments in property, films and even diamonds.
Publicly available documents reveal dad-of-three Salako, 44, put more than £400,000 into two film firms which dissolved in 2010. His company John Salako Enterprises Limited was wound up in February by the taxman due to unpaid bills.
Salako, who lives with his *family in a £1.1million home in Surrey, petitioned for bankruptcy in a voluntary arrangement. He now works as a matchday correspondent on Sky’s Soccer Saturday programme. He said he did not wish to comment.