Due to his debts, the Brazilian football legend was forced to auction off his luxurious mansion in Sao Paulo.
The world champions They are not exempt from the lack of financial education and a clear example of this was given by the ex Brazilian soccer player, Cafu. Currently, the star of the most popular sport on the planet faces serious economic problems that led him to auction off his luxurious mansion in Sao Paulo to pay off their debts.
The emblematic figure of Brazilian football, known for his outstanding career In Rome and Milan, he had to sell his property worth millions of dollars. This setback is an example of how his life has changed since his retirement from professional sport.
Cafu.jpg
The story of Cafu, the world champion footballer who had to auction off his mansion
Cafu, whose real name is Mark the Evangelist of Moraislived success in football like few others. With a brilliant career that includes Two World Cups, two Copa Américas, one Champions League and one Club World Cupestablished himself as one of the greatest figures in Brazilian sport. However, his life took a drastic turn after his retirement.
Facing a series of accumulated debtsCafu was forced to auction off his mansion in the affluent Alphaville area of Sao Paulo. This property, with more than 2,000 square meters and luxury amenities such as a cinema, professional gym and soccer field, sold for just $5 million, far less than its original value. The auction was complicated, with disagreements over the appraisal value and failed legal efforts by Cafu to stop the sale, claiming that the mansion was his primary residence.
Cafu’s financial problems date back to his attempt to Help a businessman from São Paulowhich triggered a growing debtHis company, Capi Penta International Player, also failed, racking up significant debts due to ill-fated investments and defaulted loans. Despite having 32 properties in his name, the former footballer expressed his willingness to settle his debts, even if it meant getting rid of all his belongings, including his luxurious mansion.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
