Athletes are often some of the richest people in the world, but sometimes their wealth leaves as soon as it comes. These are the top soccer players who lost all of their savings and went from rich to poor.
Michael Chopra is an English professional player who is a former Cardiff and Blackpool striker. His career is seriously effected by a bad injury which he obtained during the 2006 season, which is his biggest injury to date.
He Has a Gambling Problem
Chopra is still trying to play the game and is currently trying to play for an Indian team abroad. Chopra also has a terrible gambling problem, which led to him to file for bankruptcy in 2011, but was saved by a $400,000 loan from Ipswich Town to keep afloat. He is currently struggling while playing for Alloa Athletic.
Michael McIndoe is a Scottish professional footballer who made an International appearance as a member of the 2004 Scottish national team. He is also a two-time PFA Team of The Year midfielder and a former member of Doncaster Rovers, Wolves, and Bristol City in his twelve year career.
He Went through Over $50 Million
Michael McIndoe isn’t very wise with his money and has blown it all on his “playboy” lifestyle. McIndoe is a young retiree and has been out of the game since 2011 to focus on a business venture. He has gone through over $50 million dollars since 2011 and declared bankruptcy in March 2015.
Lee Hendrie is an English footballer who is known for his powerful position at midfield. His most notable contribution is for the club team Aston Villa where he has spent 14 years of his career. He is also a former member of the English national team and is the holder of one full cap for England in 1998.
He Declared Bankruptcy
By the middle of his career, Lee Hendrie is considered one of the best home-grown English soccer players of all time. But his ambition and his ego has become a spending problem. Hendrie declared bankruptcy in 2012, after spending millions on lavish mansions and women.
Chris Sutton is an English former professional soccer player who made records by being the first English player to be worth 5 million pounds. Sutton is a former member of the clubs teams Norwich City, Blackburn Rovers, Chelsea and Aston Villa.
His Finance Adviser Made Illegal Decisions
Most soccer players are ill advised when it comes to money and Chris Sutton is no different. Sutton’s former finance adviser wasn’t handling Sutton’s money in a legal way and Sutton is paying the price. The player’s money was considered insolvent and was made during a “get rich fast” scheme which was deemed illegal.
John Carew is a retired Norwegian soccer player who played as a forward for the Norwegian national team. He is remembered as a dominant player, having capped 91 times and scoring 24 goals for the Norwegian team. He is also a former player for La Liga and Ligue 1.
Bankruptcy Strikes Again
The player didn’t run into any financial trouble, but he is also not spending his money in the correct way. After retirement, John Carew has declared bankruptcy and is now trying to make his way as an actor. He isn’t too successful, having only appeared in two films, one in Norway and one in Canada.
Keith Gillespie is a former Northern Irish player who played for over twelve clubs teams including Manchester United and the Blackburn Rovers. His story is also the perfect rags to richest story which again proves soccer players can spend their money in a foolish way.
He’s a Drinker
Keith Gillespie is currently battling some demons, which include heavy drinking and a gambling addiction. He is accused of placing bets on his soccer manager at the time, Sir Alex Ferguson. He is also on record for losing over $100,000 in one afternoon of watching horse racing.
Richard Rufus is a retired English footballer who spent his entire career at the club team of Charlton Athletic. In 2001, Rufus began to start struggling because of injuries which would end up challenging his career. This is one of the reasons why his career did not continue to grow and develop.
He Found Religion (and Lost His Money)
Richard Rufus is currently a born-again Christian and has declared bankruptcy after his 11 year career at Charlton Athletic. His bankruptcy and lack of money is due to a bad investment which is worth over $9 million dollars which he made in 2013.
David James is a former footballer for the Premier League in England. He is now currently a player and manager at Kerala Blasters FC in the Indian Super League. He is also making his transition into sports analytics and is a BT Sport’s football announcer.
He’s Paying off a Hefty Divorce
David James is a remembered as a major figure in English football history and is a part of the FIFA 2010 English World Cup Team. His entire career in the Premier League is worth about $30 million and is a model for the fashion brand Armani. He is also currently paying off a high-cost divorce, which is taking a huge chunk of his money.
John Arne Riise
John Arne Riise is currently playing for the Indian Super League club team Chennaiyin FC and is a former member of the Premier league team of Liverpool. He is also a former member of the Norwegian national team and scored 16 goals for the team before his retirement.
He Had Some Serious Debt
During his time playing for Liverpool, John Arne Riise was living the life. The player was earning an excess of around $80,000 per week playing for the club team, but found himself in legal trouble. The player was involved in a bitter legal battle with his agent who was suspected to have over $5 million in fraud.
Carl Cort is a Guyanese footballer who is a former player for the North American Soccer League team The Tampa Bay Rowdies. He is also a previous player for the Premier League and played for Wimbledon, Lincoln City, Newcastle United, and Norwich City.
His Career Fizzled
Many of the players on our list are victims of injuries, and this the same with Carl Cort. Carl Cort’s career is significantly affected by his injury and his decision to play for an American team. By the time he moved to the United State’s to play, the former Premier League player had declared bankruptcy.
Celestine Babyaro is a former Nigerian soccer player who has made his name by playing for International club teams Chelsea and Newcastle. At one time this player was reportedly making $45,000 a week, but ended up claiming bankruptcy in 2007.
The Debt Caught Up
Babayaro was used to making a ridiculous amount of money during his time playing for Chelsea and Liverpool, but kept up his spending habits while playing for the American team LA Galaxy. Even though his salary went down, his spending kept up. The player claimed bankruptcy in 2007, and his career ended in 2011.
Jeason Euell is a Jamaican former player who spent most of his career playing in the Premier League. During his decade playing for the top flight in England, the Jamaican player was worth a total of $9 million dollars. His wealth isn’t the same as it once was.
He Committed Fraud
Jason Euell was a part of a tax fraud scheme and failed property scheme which has taken all of his money. The player is currently trying to make back his money, but is also still subject to a number of fraud schemes. The player’s career is also non existent, even though he played over 500 games for Premier League teams.
Eric Djemba-Djemba is a Cameroonian footballer who currently plays for the Indonesian club Persipa Padalarang. He is also a member of the Indonesian national team and was a member of the 2002 FIFA World Cup. He couldn’t keep up the money though.
He Become Got Lost in Debt
After earning a relative $6 million dollars while playing for Manchester United and Aston Villa, the player declared bankruptcy over outstanding debts. His performance on the pitch was also costing his money, due to his lack of talent and scoring.
Paul Merson is a former English professional player, who is now a sports analyst and reporter on television. His most notable appearances have been playing for the Premier League team of Arsenal and is also the former manager for Tamwill.
He’s The Worst Gambler on Our List
Paul Merson took a rough turn when he retired and became heavily involved in drinking, drug abuse and gambling. He was actually arrested in following a drunk driving incident when he crashed a car. His lowest point was actually when he gambled his house off to pay for his debt, which left him homeless.
Alan Hudson is a former British football players who is a former member of Arsenal, Chelsea, and Stoke City. He is also a former player for the English national team. His contributions to Chelsea include over 500 games and earning two caps for the British national team.
He’s An Alcoholic
Alan Hudson is a self proclaimed alcoholic and has struggled with a huge accident. In 1997 the former player was run over and suffered from being in a coma. Hudson required over 70 surgeries, and due to this he claimed bankruptcy. His alcoholism has not gotten better over the years.
Dominic Matteo is a former Scottish national player and a former defender/ midfielder in the Premier League. His most notable performances were for the Premier League team of Leeds, where he is still considered a legend and one of their best players.
He Gambled on His Career
Gambling is one thing, but gambling on your career is a new level of low. Matteo is guilty of placing bets on his Yorkshire club and also became a racehorse owner during his time playing for Leeds. By the time he retired, Matteo was already in seven-figure debt.
John Barnes is an English footballer footballer and manager, who is now working as a football announcer for ESPN and SuperSport. During his time as a player, he spent the majority of his career playing for Newcastle, Charlton, and briefly Celtic.
His Manager Was Awful
This time, the bankruptcy is not the fault of the player or his addiction. John Barnes’ manager at the time while he was playing was not good with money, and invested it into some bad deals. In 2009, Barnes filed for bankruptcy, but has been making his way back up economically while being a sports broadcaster.
Brad Friedel is a retired American soccer player who played as a goal keeper for the American national team, as well as some club teams in the British Premier League. His legacy was made by having successful years playing for Aston Villa and Tottenham.
His Business Was Unsuccessful
Friedel tried to start his own soccer academy and training center in Lorain, Ohio while he was playing for the United States’ national team, which ended up going belly up. The training center was in around $7 million in debt, and cost Friedel his home, which was repossessed by the bank.
Paul Gascoigne is a a former England international footballer and football manager for teams like Newcastle, Tottenham, and Everton. He is also a former member of the 1990 England FIFA World Cup Team, but his luck and money have both run out.
He Suffered from Depression
Gascoigne is often considered one of the best talents to ever come out of the British isles due to his impressive natural skill. The player is also prone to suffering from deep depression, which is why he spent millions of dollars on drugs and liquor. This depression also turned into a gambling addiction, which put him into a debt of over $400,000.
Kenny Sansom is regarded by critics as one of the best full backs to ever play for England. Samson played the majority of his career for the Premier League team Arsenal, where he played for eight seasons. His drug and alcohol addiction is not only problematic, but it is also increasingly dangerous.
His Divorce Ruined Him
After his wife asked for a divorce after 29 years of marriage, Sansom began to heavily drink. In 2013 the player became completely penniless and ended up living on the streets without a home. In June of 2015, it was reported Sansom had tried tried to commit suicide.