5 famous footballers who went broke after retirement

#3 John Arne Riise

John Riise became bankrupt after retirement

Former Liverpool left-back John Arne Riise is also another footballer who went from rich to being broke after he retired from the game. The defender was one of the best in the Premier League during his days with the Reds and was adored by many football fans.

Riise played at the top level for over a decade in England, Spain and in Italy. He was also an integral member of the Liverpool team that won the Champions League in 2005.

However, just like David James, Riise’s financial problems started when he was dragged to court over his failure to pay a $150,000 debt. His problems deepened after another misunderstanding with his agent, Einar Baardsen.

Riise was accused by his agent of a suspected $5 million fraud, with the case eventually ending in court. In the end, the left-lack lost a lot of money and became bankrupt in the process.