From football star to bankruptcy: bad investments and risky bets left this former Premier League player without millions and in debt.
In the world of soccermaking millions can be as easy as losing it all. Craig Bellamyonce a star of the Premier Leaguesaw his fortune fade due to bad investments and risky bets.I want this to be a lesson for other players,” the former athlete commented.
Despite his successes in Newcastle, Liverpool and Manchester CityBellamy today faces a bankruptcy which has left him without a home, without a car and with a million-dollar debt. The story of his downfall is a warning for footballers who fail to manage their wealth. In this sense, the former striker advised that “it is good that the footballers are responsible for themselvesbecause the day will come when the club will not be able to do anything for you.”
Craig Bellamy with Carlos Tevez.jpg
Who is Craig Bellamy, the footballer who lost his fortune in bets and bad investments?
Bellamy He is not addicted to gambling or drinking; his mistake, according to himself, was trusting the wrong people. He lost his fortune in projects such as a football school in Sierra Leone and in bet on friends that he never got his money back. With a debt of more than 1,300,000 pounds sterling, the former striker began to recover thanks to Vincent Kompanywith whom he played at City, who called him to be part of his coaching staff at Burnley, a club that rented him an apartment to live in.
Currently, he is the proud coach of his country’s selection, Welshwith which he played 78 matches between 1998 and 2013. “This is the best job in the world“That’s how I feel,” Bellamy said at his first press conference.
Craig Bellamy.webp
The now national coach wants his story to serve as lesson for other young players, warning them about the importance of manage your own finances and ensure that their advisers are regulated. Their experience shows that while football can bring riches, it can also lead to ruin if the right precautions are not taken.
Source: Ambito
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