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Eugene

(61,897 posts)
Wed Jun 21, 2017, 04:08 PM Jun 2017

Wimbledon champion Boris Becker declared bankrupt

Source: BBC

Wimbledon champion Boris Becker declared bankrupt

21 June 2017 Business

Three-time Wimbledon tennis champion Boris Becker has been declared bankrupt by a London bankruptcy court.

The 49-year-old owed a firm of private bankers a large sum and the court registrar said there was not enough credible evidence that he could pay.

Mr Becker's lawyers asked for a final chance to pay with the funds from remortgaging a property in Majorca.

Mr Becker, now a coach and TV pundit for the BBC and other media, was not at the hearing in London.

Registrar Miss Christine Derrett said it was "with regret" that she came to the conclusion that he could not pay.

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Read more: http://www.bbc.com/news/business-40358006
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Wimbledon champion Boris Becker declared bankrupt (Original Post) Eugene Jun 2017 OP
Haven't read the full article True Dough Jun 2017 #1
He borrowed a lot of money. Eugene Jun 2017 #2
He's not near broke. tazkcmo Jun 2017 #3
He's had money problems for years joeybee12 Jun 2017 #4
well....I sure think Djokovic could use him again.... dhill926 Jun 2017 #5

True Dough

(17,305 posts)
1. Haven't read the full article
Wed Jun 21, 2017, 04:15 PM
Jun 2017

Is this a case of him blowing through his own money or another instance of a crooked agent who helped himself to the athlete's riches?

Eugene

(61,897 posts)
2. He borrowed a lot of money.
Wed Jun 21, 2017, 04:23 PM
Jun 2017

Becker's advocate: "He is not a sophisticated individual when it comes to finances."

He's not broke, but he will probably have to sell some assets.

tazkcmo

(7,300 posts)
3. He's not near broke.
Wed Jun 21, 2017, 04:30 PM
Jun 2017

He's just accustomed to a certain life style that due to his affluent past he is now entitled to for the rest of his living life. Austerity is for the little people.

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