From rags to riches then riches to rags former England international David James has become latest footballer to squander his fortunes. Boasting an impressive career his CV boasts teams such as Liverpool, Man City and Aston Villa – even managing to pick up 44 caps at international level.
James declared himself bankrupt in May of this year becoming another name on the list of top flight footballers who have managed to squander their fortunes. He joins the likes of Keith Gillespie, Eric Djemba Djemba and Lee Hendrie who have all declared bankruptcy despite earning huge amounts of money a week. It’s hard to see how footballers fall on such hard times but it seems as if financial trouble is a problem that all footballers could face if they’re not smart.
For most football is considered the beautiful game however on the opposite end of the scale sit former players that’ve been spat out by Football just when they thought nothing could go wrong. Peter Kelsey a financial adviser for the wealthy says he often has to tell his clients the importance of financial planning. Football is a short lived career and for the majority of professional footballers it lasts for 10-16 years giving them borrowed time to earn their millions.
Football is a cruel mistress, adoring you during your peak and throwing you out during the end of your career however, there are a number of retired players who tend to fall on their feet like Carragher, Owen and Neville.
So next time you go to a game, and your caught up in the excitement, spare a second for those who’ve fell on hard times in. Football is still definitely the beautiful game but as bystanders we’re so engulfed in razmattaz of the Premier League that we fail to acknowledge the victims of the “beautiful game”.