http://www.bbc.com/news/uk-england-29895649 Seriously!!! How the hell does a man who earnt as much as he did go bankrupt so quickly? It beggars believe, was it bad investments? Even at the end of his career with us he was rumored to be on £10k a week, more than the vast majority of us on here I expect, certainly me, and I manage OK.
I remember reading that going bankrupt was one way of minimising the lump of cash he would have to pay ex-wife in divorce settlement. Accountancy fiddle?
Whatever has happened and for whatever reason, I doubt very much he will worry about his next mortgage payment......
It's reckoned he earned £20m in his career and is now reduced to selling his England goalkeeper top via auction. The situation would be sad if he hadn't been so stupid, or maybe ill advised, with such a vast amount of money that the rest of us would kill to see 5% of.
Easy come, easy go. Professional athletes are generally so far out of touch with reality.......but then there is little Lee Johnson. Hardly a big earner in comparative terms but was smart enough to not pi$$ all his earnings away and was reputedly a millionaire when he left us. It's just not that difficult. I have no sympathy whatsoever for James. A fool and his money are easily parted......
I recently watched a documentary over here on exactly the same situation as D.J. and you would be shocked at the spending habits of these overpaid athletes. Just look around the sporting world and you will find many who claim to have fallen on bad luck rather than admit they were stupid with their money. The biggest problem is their over-inflated egos which, by their definition, means they can go out and act like morons and spend money as if there is no tomorrow, when we all know the facts of life when it comes to financial sensibility and live by the rules. You cannot legislate stupidity and I hope David James isn't looking for sympathy from me, and by now, with financial prudence, he should have his feet up relaxing enjoying the luxuries that his professional career afforded him, but he decided to play on for any kind of cheque on payday and probably explained why he ended up on our doorstep. You reap what you sow David and I hope you have learnt to suffer your from own downfall. Enjoy the curry.
I liked James. Hi did some good charity work too. There is probably more to this than is being reported.
Up until approx the end of their careers do they appreciate money, we are all the same looking at them spending all their money. When we are struggling to pay for the next big thing our budgets allow us. The old lady once said when I asked her why she always insist on paying for my brothers and me, that we are ALL the same some get more money than others but everyone lives beyond their means until the kids are old enough to fend for themselves. People forget that these footballers earning a fortune are mearly kids to us old ones.
Saw Ruddock on the telly the other day being pursued by the High Court . I don't think his wife went to Rowdean. My old man always said to me neither a lender or a borrower be. When I bought my first motor bike in 1962 I had it on 3 years HP and was charged £60 in fees. I paid it off after 3 months and they gave me a £1 back . That was a lesson learned and I have always paid cash since. The problem is our kids come from a generation of easy credit and don't understand the value of money . So its easy come easy go. And that my friends has manifested itself in the current economic problems . We as a country and individuals have reached a stage where no one will lend to us any more and in the midst of this we have brain dead sportsman who earn ridiculous money . Still off to spend me pension
http://www.bbc.co.uk/sport/football/teams/bristol-city Presumably he has already sold one of his kidneys
Interesting comments LARED and I applaud you in your discipline. However, it's not all about reckless borrowing to fund flamboyant lifestyles. When my parents started, a you could only get a mortgage for a fraction of the mans earnings - a woman's earnings were not considered - and that would buy you a house. Nowadays, young adults have to borrow 4+ times their joint earnings and can barely afford a house. I was lucky - I borrowed big in the 1990s and bought 4 houses with no money. I still own 3 but used 1 to pay debts from the credit crunch. Our youngsters have it very tough - tougher than us 40-something's had - and living for today probably blots out some of the reality that they find themselves in. My kids are all in their 20s and I worry for them.
