5 footballers who went bankrupt

Modified Apr 08, 2017 13:58 GMT

LONDON, ENGLAND - OCTOBER 11: David James former England goalkeeper talks during the Leaders In Sport conference at Stamford Bridge on October 11, 2012 in London, England. (Photo by Tom Shaw/Getty Images) — James has risen above his bankruptcy and is now a panellist for BT Sports

#4 John Arne Riise

SYDNEY, AUSTRALIA - JANUARY 07: John Arne Riise of Liverpool FC Legends in action during the match between Liverpool FC Legends and the Australian Legends at ANZ Stadium on January 7, 2016 in Sydney, Australia. (Photo by Zak Kaczmarek/Getty Images) — Riise was a part of failed business ventures but has come back stronger than ever

Liverpool cult hero and left back John Arne Riise made his name in the football world with some great performances for the Reds and his monstrous left foot which could hit the ball with great ferocity. Despite being on wages of over £50,000 per week, Riise filed for bankruptcy in 2007 due to an unpaid debt of £100,000.

Riise was involved in a legal tussle with former agent Einar Baardsen and the case was also linked to a £3million fraud back in Riise’s home Norway. The investigation on the fraud took place in Norway and he was held liable for failing to pay off his debts which he had incurred during a failed business enterprise.

The case didn’t catch much media attention and sources closer to Riise said that it was a case which could easily be resolved in the future. Riise was last seen in the Indian Super League where he played as a left midfielder for Chennaiyin FC.

Edited by Staff Editor