The great Gordon Gekko said in Wall Street that a fool and his money are lucky to get together in the first place.
To be fair to Brad (if I remember correctly), I thought he invested his money in setting up an academy, which then failed? This in itself may or may not have been stupid, but at least he didn't piss his money up the wall. Of course, I could be entirely wrong, but I'm sure I read that somewhere?
With all respect to Stan for what has to be an intriguing thread topic - and Matt for trying to understand some of the facts behind a very modern but limited phenomenon, have to say (rather pathetically) that personally I just can't contain my indifference.
Good point sir,even as I typed that I was thinking that there could well be perfectly understandable reasons for Friedel's misfortune and for that matter, many others....but I couldn't be bothered to look it up.
I dont think its understandable, he had enough money to retire and live comfortably off the interest for the rest of his life. He must have thrown everything into this if it bankrupted him which is incredibly stupid as he already had more money than we will get in a lifetime.
I work in insolvency, have dealt with bankruptcies, iva and liquidations of former premiership footballers and their businesses. Young men with lots of money and some with bad advisers, just look at how, for instance, Stephen Ireland has wasted hundreds of thousands if not millions on tacky customising of cars.
Ha! No, it's just me I s'pose. Resenting the way our rewards systems 'operate' at the behest of kids who'd play the game for nothing (and probably give it more welly!) and vultures that so callously set them up to fail. Whilst I remember the arguments behind Jimmy Chin's initiative, including clubs taking the biscuit, I just wish we'd thought it all through a bit longer / deeper and built in a few protections, such as pay ceilings and trust funds for later life business opportunities etc.. There's no doubt money is killing the beautiful game. Would've much preferred a kind of 'sport tax' where excess funds were forced into youth development in this and other major sports. Anyway...
