Former England international defender Wes Brown won the Champions League in 1999 and 2008 for Manchester United but later declared bankruptcy after losing millions.
Former Manchester United defender Wes Brown has finally opened up on his struggles after declaring bankruptcy last year (April 2023).
Wesley Michael Brown, age 44, has made 362 Premier League appearances during a career that saw hi[...] Read more » Ex-Manchester United Star Wes Brown speaks for the first time on Going Bankrupt after losing Millions
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13319
yes, it is sad to lose millions due to bankruptcy and several causes. It's not nice at all , when a bank loses your money. The state has to guarantee this money, because they it knows how to take taxes... When it comes to other businesses and you lose millions, then it's completely different.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5415
Sometimes life gives you what you don't expect, investments always have a percentage of risk and if you don't hire the best professionals in the field you can go bankrupt, this player earned millions of dollars playing for Manchester United, but now he counts of the money losses he had with his investments, I hope he can get out of this.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5415
For investments, you must always ask for help from professionals in the field and always also have knowledge of the field in which we are going to undertake, it is not easy, this player has had many losses, I hope he recovers at least somewhat.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5415
It is also a way of spending and not having the money come back, years go by and that is recurring, sometimes there is no control over the money and in a few years you end up in ruin, it is very important to get advice on any business you want to start.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5415
But footballers earn millions of dollars per season, he was also playing for a big team like Manchester United, he has earned a lot of money to last for two more generations, but I think that bad decisions in his business have led him to lose almost everything. .
Joined: Dec '14
Location: Greece
Age: 40 (M)
Posts: 2122
Sad story . Earn millions of dollars during his career and now he is bankrupted at this age due to bad management . This is an alarming story for new stars and young millionaires . They need to be carefully with the spending and investing of their winnings or else......
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5415
What are his biggest problems, to what extent is there a financial deficit, but what other things is this player going through, I hope you tell me, I saw this player play in Manchester, a great player, a shame that he is going through this.
Joined: Feb '23
Location: Poland
Age: 40 (F)
Posts: 294
This shows that nothing in life can be certain. Once we are at the top, we have money and fame, and then we can lose it in an instant. Unfortunately, sometimes a combination of various situations can lead to bankruptcy or poor management. Many factors certainly influence all this.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5415
We do not know until now if he has any money to live a few more years, if not, he can go to work in his club that gave him everything, it is a way to have one more income and the money does not cost you much more fast.
Joined: Feb '23
Location: Poland
Age: 40 (F)
Posts: 294
Money management is definitely important whether you are rich or poor. It is really important how we spend our money, whether we do not give in to whims, whether we do not buy unnecessary things, or whether we sometimes live beyond what we have. Having money is not everything, as more than one life has shown.
