Did that Fed-Djok tell-all crash and burn? Say it ain't so! Poor Boris!How in the name of all that's mighty did a wealthy guy like Boris possibly end up bankrupt???
It's been only 6 months since he last had a big fat paycheck from Novak!!!
First thing I thought when I read the headline. I mean, how on earth does a professional sportsman who earned millions of dollars throughout his career end up in such a position? Just wondering if Boris is commentating for the BBC again this year? At least that should help keep the wolf from the door.How in the name of all that's mighty did a wealthy guy like Boris possibly end up bankrupt???
It's been only 6 months since he last had a big fat paycheck from Novak!!!
I mean, how on earth does a professional sportsman who earned millions of dollars throughout his career end up in such a position?
This has been going on for a while. His house in Spain was repossessed long before Djoko hired him.How in the name of all that's mighty did a wealthy guy like Boris possibly end up bankrupt???
It's been only 6 months since he last had a big fat paycheck from Novak!!!
How in the name of all that's mighty did a wealthy guy like Boris possibly end up bankrupt???
It's been only 6 months since he last had a big fat paycheck from Novak!!!
He may have money stashed away in all sorts of places and under all sorts of names
Borg lost all his money too. The lifestyle, the divorces, the failed businesses, the child support, everything adds up.
First thing I thought when I read the headline. I mean, how on earth does a professional sportsman who earned millions of dollars throughout his career end up in such a position? Just wondering if Boris is commentating for the BBC again this year? At least that should help keep the wolf from the door.
Apparently he will be back commentating for Wimbledon. It would seem he definitely needs to keep working!
BBC is the only thing keeping Willie Thorne from being homeless.
Maybe the problem is that he does not want to pay the money back and not that he can't.
He may have money stashed away in all sorts of places and under all sorts of names.
The lender is still a long way from getting his hands on real money and Becker may have thought he could keep stalling.
He will now be suffering great embarrassment, but he still has his hands over his money pockets.
How in the name of all that's mighty did a wealthy guy like Boris possibly end up bankrupt???
It's been only 6 months since he last had a big fat paycheck from Novak!!!
Life's expensesHow in the name of all that's mighty did a wealthy guy like Boris possibly end up bankrupt???
Isn't it just a very humiliating but sophisticated way of sheltering one's wealth from creditors? Like some kind of tax shelter that just requires you to wear the shame for a while but ultimately keeping your multimillion dollar fortune?
Whenever I hear the term bankrupt used by wealthy stars I simply assume they are protecting their money. I don't read it to mean they lose everything and must sell every asset to repay creditors. I just assume they go on living the high life. Am I wrong to assume that?
Click the link and read the article, people. According to the article, it's a large outstanding debt that he's failed to pay on when they took him to court and won back in 2015. I don't know how bankruptcy in the UK works, so can someone explain? He's not bankrupt in the traditional sense i.e. insolvent.
I think the declaration means the lender can go after assets and income.
Becker is going to have someone else effectively in charge of his finances.
It also prohibits him from engaging in a lot of business activity.
Becker might be leaving Britain permanently after Wimbledon, perhaps.
But only his assets and income in the UK, correct? How can they go after a private individual's financial assets outside of the UK or take over his total finances when most of it is not in the UK?
I often laugh when they show how much prize money players have earned in their career as if all those earnings are still sitting in the bank. Most of it comes in and goes straight out in living expenses, paying their entourage, taxes (not for tax exiles), private jets, and living it up etc. A few of them invest their money wisely and make it grow but if you have earned 12m and you spend 2m just buying a house, and spend your money in hundreds of thousands at a time, there isn't going to be much left for your other excesses.
You're welcome.Thanks for that groundbreaking lesson in finance.
Contact Evander Holyfield and Mike Tyson on Money ManagementI guess it''s somewhat shocking, but we see athletes lose their money all the time. Bankruptcy for the formerly wealthy isn't always as bad as it may seem - some still have assets (homes, etc.) which is worth something. And, someone like Becker can certainly make money commentating, speaking, etc. This is not to say that he won't have to downgrade his lifestyle, but he'll be far from destitute which happens to many everyday Joes who file for bankruptcy.
Life's expenses
Here's your answer:
Isn't it just a very humiliating but sophisticated way of sheltering one's wealth from creditors? Like some kind of tax shelter that just requires you to wear the shame for a while but ultimately keeping your multimillion dollar fortune?
Whenever I hear the term bankrupt used by wealthy stars I simply assume they are protecting their money. I don't read it to mean they lose everything and must sell every asset to repay creditors. I just assume they go on living the high life. Am I wrong to assume that?
When did this guy replace both Pepe the Frog and Gene Wilder?Thanks for that groundbreaking lesson in finance.
He declared bankruptcy in Munich as well, about 15 years ago. He also had lived in Monte Carlo since he was 16 years old and never paid taxes. Boris is beyond belief!
When did this guy replace both Pepe the Frog and Gene Wilder?