Sports
Related: About this forumSanchez Vicario says $60M in career winnings gone
MADRID (AP)Former tennis star Arantxa Sanchez Vicario said in a book published Tuesday that her parents lost an estimated $60 million in career earnings through mismanagement.
The 40-year-old Sanchez Vicario said her parents were obsessed with her tennis career and controlled most aspects of it. She said shes estranged from her parents and brothers Emilio and Javier, former tennis players.
The four-time Grand Slam singles champion said she got a monthly payment from her father and trusted him to invest the rest.
I never doubted that my father would manage my assets in the most efficient and beneficial way, she wrote.
She retired in 2002, and after breaking free of her parents influence, the surprise came. Then, the disappointment. The surprise of finding myself without resources after a career full of successes and therefore winnings.
http://sports.yahoo.com/tennis/news?slug=ap-sanchezvicario-book
Mom says she devastated by the accusations...doesn't address the validity of them, though.
hughee99
(16,113 posts)If I understand correctly, Steffi Graf only made about $21 million on the court.
It's sad when parents get the idea that just because they produced a child who makes a lot of money, it means they must be financial experts.
marmar
(77,090 posts)Because according to the WTA, she's 10th on the career prize money list with $16.9 million.
http://www.wtatennis.com/SEWTATour-Archive/Rankings_Stats/Career_Prize_Money_Top_100.pdf
joeybee12
(56,177 posts)That's where the real money is. And look at the difference in the generations...Chris is way down there...18 grand slams 150+ titles and only about 8 million.
hughee99
(16,113 posts)lost income assuming some reasonable fixed rate of return.
TBF
(32,090 posts)and that would make sense to include lost income calculations.