Remember that Premier League footballers are often the highest paid footballers in the world with an estimated average wage of £30,000. Some footballers who’ve earned well during their playing career have now ended up going broke due to some bad investments, gambling, bets, messy divorces or unnecessary spending.
1. Lee Hendrie
Depression and gambling addiction saw one-cap England player Hendrie go broke. Despite earning in excess of £30,000-a-week while at Aston Villa, the former midfielder was declared bankrupt in January 2012 as he faced huge debts and repossession.
2. Keith Gillespie
Addiction to gambling saw Manchester United product Keith Gillespie below more than £7.2million. After a career that saw him take Newcastle United to the champions league and play 80 times for Northern Ireland, the midfielder was declared broke in 2010 at the age of 35.
3. Paul Gascoigne
Gascoigne managed to avoid bankruptcy in 2016,despite facing a £42,000 bill of unpaid taxes to HMRC.
Paul Gascoigne has struggled with depression and substance abuse, but the England hero went through a troubled patch which saw him reportedly in debts of up to £200,000.
4. Celestine Babayaro
Babayaro was the popular left-back at Chelsea and Newcastle United. Marauding up and down the left wing at Stamford Bridge and St James’s Park in the nineties, the Nigerian picked up a healthy pay packet.
But by January 2011, the defender was declared bankrupt on the public record of the London Gazette.
5. Brad Friedel
Former Tottenham and Aston Villa goalkeeper Friedel reportedly owed £5 million and repossession proceedings began on his £260,000 house.
This was despite the current head coach of MLS team New England Revolution the last earnings £50,000 -a-week at Villa Park.
6. Eric Djemba- Djemba
Former Manchester United midfielder Eric Djemba-Djemba blew up his fortune and now plays in the Swiss fifth tier.
Having played along with Cristiano Ronaldo and Ryan Giggs at Manchester United, Djemba-Djemba was reportedly bankrupt four years moving to Aston Villa.
7. John Arne Riise
Two years after winning the champions league with Liverpool, the defender was listed as bankrupt. Norwegian left-back Riise was just 26 at the time and as believed to be earning £50,000 -a-week at Annfield.
8. Paul Merson
Paul Merston’s gambling, booze and drugs saw the Arsenal legend blow a staggering £7 million fortune. The former midfielder has recovered and works as a regular pundit for Sky Sports, but he once considered breaking his fingers to prevent him from phoning the bookies.
Paul Merston went broke after cashing in one of his £800,000 pension to allow him to go on a betting frenzy.
The Brazil’s legendary skillster was reported to have just £5 in his bank account last month while still owing debts of up to £1.75 million. Ronaldinho was heavily fined for illegal construction in a protected area in Brazil.
Despite remortgaging his property, the former Barcelona star was still unable to cover the debts which saw a judge order for Ronaldinho’s passport to be seized.