Wes Brown faces bankruptcy after poor financial choices

givemesport.com

Former Manchester United defender Wes Brown was declared bankrupt in May 2023. He earned a substantial salary during his career, reportedly around £50,000 per week. However, he struggled financially by trying to match the lavish lifestyles of wealthier teammates, leading to financial issues shortly after retiring. Brown, who played 19 years at Manchester United, faced significant debts, with reported unpaid taxes owed to HMRC and money owed to a car finance company. A source close to him stated that despite seeming wealthy, he was living beyond his means. His financial troubles worsened after his divorce from Leanne Wassell in 2022, which led to costly legal fees and poor property investments. Many of Brown's financial issues stemmed from bad real estate deals. He overpaid for a property, previously listed for £6 million, which failed to sell even after lowering the price. Former teammates like Wayne Rooney and Michael Carrick offered their support, and Marcus Rashford provided him with accommodation at a reduced rate. In an interview, Brown reflected on his financial challenges, noting he lacked the right guidance during his peak earnings. He emphasized the need for young athletes to learn about financial management. Despite his struggles, he continues to work and is focused on moving forward positively. Brown is also committed to educating current athletes about financial literacy to help them avoid similar troubles.


With a significance score of 1.8, this news ranks in the top 63% of today's 18169 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.


loading...