John Salako is bankrupt! (1 Viewer)

[The CableGuy]

http://www.mirror.co.uk/news/uk-news/john-salako-bankrupt-former-premier-1830091

Former Premier League star and Sky Sports pundit John Salako is bankrupt.

The one-time England striker lost his fortune in a series of bad investments.

Salako, who played in the top flight for Crystal Palace, Charlton and Coventry, is the latest in a string of high-profile footballers to go bust despite their huge salaries.

And experts predict up to 100 top footballers could lose £150million between them after following poor financial advice and ploughing money into complex tax-saving schemes with investments in property, films and even diamonds.

Publicly available documents reveal dad-of-three Salako, 44, put more than £400,000 into two film firms which dissolved in 2010. His company John Salako Enterprises Limited was wound up in February by the taxman due to unpaid bills.

Salako, who lives with his *family in a £1.1million home in Surrey, petitioned for bankruptcy in a voluntary arrangement. He now works as a matchday correspondent on Sky’s Soccer Saturday programme. He said he did not wish to comment.

 

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[TrueSkyBlueLiam]

How the hell can he blow all that dosh? He's a high profile ex footballer and works for the biggest TV company in the world and he's bankrupt? We got another Lee Hendrie on our hands here

 

[Brighton Sky Blue]

When did he play for England? :thinking about:

 

[SkyBlueScottie]

While at Palace, before the knee injury

 

[Covstu]

always liked John Salako, I am sure he could survive on the sky money however!!!

 

[hutch1972]

How the hell can he blow all that dosh? He's a high profile ex footballer and works for the biggest TV company in the world and he's bankrupt? We got another Lee Hendrie on our hands here

He is not skint, he lives in a 1.1 mill house for a start. He is just another high threshold earner that doesn't want to pay his taxes , being bankrupt will not affect him one jot.

 

[georgehudson]

a more than competent 'soul singer' he could earn bucks as a cabaret act,
was he not though, the first CCFC sub, to be subbed ?
PUSB

 

[speedie87]

He is not skint, he lives in a 1.1 mill house for a start. He is just another high threshold earner that doesn't want to pay his taxes , being bankrupt will not affect him one jot.

He might live in a £1.1m house with a 1.2m mortgage!

 

[Taga]

He is not skint, he lives in a 1.1 mill house for a start. He is just another high threshold earner that doesn't want to pay his taxes , being bankrupt will not affect him one jot.

It will affect him more than you think. He may still lose his house and any other collateral he has. A voluntary arrangement will have conditions that will affect is ability to attain credit in the future.

One other jot......The businesses that he invested in had employees that lost there jobs in 2010. Another reason for a more sympathetic view.

 

[intercity]

When did he play for England? :thinking about:

1991 i think,a tour to new Zealand and Australia rings a bell

 

[SkyblueBazza]

That narrows it down a bit then - I can now confirm that John Salako is not one of the bidders!

 

[fernandopartridge]

Good, overpaid cunts trying to avoid paying tax on their earnings lose the lot. What's not to like?

 

[savosdad]

the only player to be substituted as a substitute by the little ginger