[Football] Palace player on £1.5 million a year declared bankrupt.

[El Presidente]

http://www.dailymail.co.uk/sport/football/article-5565715/Crystal-Palace-defender-Pape-Souare-goes-bust-despite-earning-30-000-week.html

Surely a football club would educate players about how to not live beyond their means, unless...

 

[LowKarate]

To educate, wouldn't the football club itself need to have a grasp of the rudimentary principles?

 

[Stat Brother]

Another player connected to palace with HMRC problems.

 

[Dougie]

It sounds like he’s got other interests outside of football where this outstanding debt has occurred , similar to the Glenn Murray situation possibly.

 

[LamieRobertson]

It sounds like he’s got other interests outside of football where this outstanding debt has occurred , similar to the Glenn Murray situation possibly.

Better have a word with your top striker Benteke then

 

[half time scores]

Some people have got more money than sense.

 

[wellquickwoody]

It sounds like he’s got other interests outside of football where this outstanding debt has occurred , similar to the Glenn Murray situation possibly.

Worst case of clutching at straws ever!!!!!!!!!

 

[Acker79]

Is this an actual bankruptcy, or one of those 'avoid paying out as much as I have to' tactical bankruptcies where the person's actual wealth is protected elsewhere?

 

[dazzer6666]

Maybe he's creatively offloaded all his money so the private prosecution has nothing to go after..............................

 

[Brok]

Better have a word with your top striker Benteke then

I'm sure Benteke has many interests in life. Obviously scoring goals for Palace is not one of them.

 

[Lifelong Supporter]

The actual position is that he is NOT bankrupt. An individual voluntary arrangement puts assets and his future income into an arrangement for his creditors and under the care of an authorised insolvency practitioner and the Court.

 

[The Andy Naylor Fan Club]

At least he's at the right club to get free, expert advice on his bankrputcy issues.

 

[Se20]

As others have said, he’s not bankrupt.
Maybe NSC’s financial guru knew this, but just declared him bankrupt anyway ?.
He won’t be the first or last player to have problems with HMRC.

 

[Springal]

As others have said, he’s not bankrupt.
Maybe NSC’s financial guru knew this, but just declared him bankrupt anyway ?.
He won’t be the first or last player to have problems with HMRC.

Interesting these cases are now coming to light and there is a link between them all, isn’t there?

 

[Se20]

Interesting these cases are now coming to light and there is a link between them all, isn’t there?

What link is that ?

 

[Springal]

What link is that ?

I’m sure you’ll work it out

 

[Se20]

I’m sure you’ll work it out

Oh I see, you’re referring to our previous administrations ?
Can’t see the link with that and individual players having problems.
It’s normally down to being badly advised by “tax experts” and tax avoidance schemes.

 

[Saunders]

Oh I see, you’re referring to our previous administrations ?
Can’t see the link with that and individual players having problems.
It’s normally down to being badly advised by “tax experts” and tax avoidance schemes.

It looks more like who they went into business with than taking bad advice from "tax experts".

 

[Jesus Gul]

Good to see him back. His accident was pretty bad. Plenty of time for Papa Smurf to earn a few quid for later life

 

[dazzer6666]

Oh I see, you’re referring to our previous administrations ?
Can’t see the link with that and individual players having problems.
It’s normally down to being badly advised by “tax experts” and tax avoidance schemes.

Think the link is a bit more basic than that. It’s “Crystal Palace”.

More than a slight chance the players have the same advisers as the club, or use those recommended by the club...perhaps Mssrs Shyster and Ripoff, (un)chartered accountants, Purley Way ?