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.
He lost money isn't equal to bankruptcy. We lose money to businesses everyday
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 account in 2020. He was even arrested and detained for entering Paraguay with a fake passport. 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 account 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.
Taribo isn't bankrupt. He never begged for once, he retired n started a church
adalame: It would have been better to ban it in Nigeria, along with other social media platforms, to help our children focus on their studies. Social media is having a detrimental effect on our youth. We may not always notice it, but when you take a closer look, you'll understand.
This video of a leatherback turtle caught most likely in one of the Ìlàjẹ́ communities is going round. I know there's poverty and hardship in the land but we need to protect our wildlife.
If these leatherback turtles go extinct, these same people will feel it most. You know… pic.twitter.com/pJhtBzhRg5
LocalFARMERS: Tuwon Shinkafa (Rice swallow) is made from 100% Rice. It is a major swallow in Northern Nigeria. So many eat this as their major swallow at home, on a daily basis. It is also served in special occasions like weddings, naming Ceremony, Birthday parties, special occasions etc.
Tuwo Shinkafa go well with either Egusi soup, bitter leaf, Groundnut Soup, vegetables etc. It doesn't go well with draw Soup (my opinion).
Obi put a new law that states if you generate your cannot distribute. He did this after the governor completed the project and even after he - OBJ went to commission the plant himself.
Make una try to dey read before commenting. Nairalanders are so dull.
Leobankx: A former Governor of Akwa Ibom State, Obong Victor Attah, has alleged that ex-President Olusegun Obasanjo stopped him from distributing electricity to the people of the South-South state after he built a 191 megawatts power generation station.
Flangelo12: How is he the highest paid robotics engineer?
In 2017, he released the world’s first gaming robot, Mekamon with the special ability to customise the gaming bot to perform personalised functions.
The initial launch of Mekamon sold 500 bots, generating $7.5 million.
Following this feat, Adekunle received support from various organisations including London Venture Partners ($10 million) and in the same year, his company, Reach Robotics signed a deal with Apple securing exclusive sales in Apple stores.
In 2018 Adekunle was included on the Forbes Europe 30 Under 30: Technology list.
I thought they claimed that two refineries have started working at full capacity and that we should expect price of petrol to fall below #500/l this week.
Propaganda does not fix economy.
This is Nigeria...the more you look, the less you see
Brimstone77: Hi guys,I have been dating this girl for about 5months now.
Two weeks ago,she travelled out of the country,2days before she travelled we had a protected sex,and that day happens to be the last day she's seeing her period, too..
Today she chatted me telling that the company she went to work for did a pregnancy test and it came out positive..
N:B she did a pregnancy test before she travelled and it came out negative..
We had sex (with condoms)on second January this year,and she travelled on 4 January this year,she said the test was done on over there on the 14th..
Right now I don't know what to do,what are the possibilities that she can get pregnant on the last day of her menstrual period and also a protected sex too..
I need your advice please!
Admins please do the needful!
She can get pregnant even when menstruating....no absolute "free" period with women
Topman7: Federal Minister of Works, Dave Umahi, was not a happy man.
He visited one of his numerous federal road projects and was dissatisfied with the quality and pace of work.
So he did what few, if any ministers had done before him.
He physically entered the road being built to show the foreign contractors the RIGHT WAY to build it, threatening that if they fail to follow his exact instructions henceforth, he would cancel their contract immediately and kick them out of the country.
This is the new Nigeria we want to see, and this is the new Nigeria we have.
COMPETENCE is the name of the game today in Nigeria.
If you like, call yourself oyinbo or ''expatriate''. If you don't deliver, we cancel you and kick you out.
Christianity Etc › Re: Woman Boldly Preaching The Gospel On The Streets With Baby On Her Back (video) by femi4: 9:31am On Jan 19, 2025
