Source:
REUTERS/PETER NICHOLLS
[Saba
Sports News] Burnley defender Charlie Taylor has been declared bankrupt due to
unpaid bills, as reported by British media. The 30-year-old Taylor, who earns a
weekly salary of £30,000 at Burnley, had a compulsory bankruptcy order filed
against him last year but is currently seeking to have it revoked. Taylor has
chosen not to comment on the matter. However, it is stated that the late
payments were a result of personal financial mismanagement rather than a significant
financial problem or intentional avoidance of payments. It has been reported
that Taylor’s debts have since been settled, and he has applied to the High
Court for the revocation of his bankruptcy, which is expected to be approved.
It is worth noting that Taylor is not the only current or retired player to
face bankruptcy due to personal financial mismanagement or poor investments.
According to a survey conducted by financial services institutions, 60% of
retired players encounter significant financial problems within five years of
retirement. This serves as a reminder that athletes need to manage their
finances diligently.